Heartland Financial USA, Inc. (NASDAQ:HTLF) Stock Holdings Lowered by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 58.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,000 shares of the bank’s stock after selling 29,200 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Heartland Financial USA were worth $1,191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Magnetar Financial LLC bought a new stake in shares of Heartland Financial USA during the second quarter valued at approximately $46,626,000. Millennium Management LLC lifted its holdings in Heartland Financial USA by 2,309.0% in the second quarter. Millennium Management LLC now owns 710,923 shares of the bank’s stock worth $31,601,000 after purchasing an additional 681,412 shares during the period. Slotnik Capital LLC bought a new position in Heartland Financial USA in the 2nd quarter valued at about $13,714,000. Squarepoint Ops LLC acquired a new position in Heartland Financial USA during the 2nd quarter valued at about $10,601,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Heartland Financial USA during the 3rd quarter worth about $11,404,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Heartland Financial USA

In other news, EVP Mark A. Frank sold 432 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $67.24, for a total value of $29,047.68. Following the completion of the sale, the executive vice president now directly owns 1,060 shares of the company’s stock, valued at $71,274.40. This represents a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John K. Schmidt sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the sale, the director now owns 60,541 shares of the company’s stock, valued at approximately $4,136,161.12. This represents a 27.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Heartland Financial USA Price Performance

NASDAQ HTLF opened at $67.57 on Monday. The stock has a market capitalization of $2.90 billion, a P/E ratio of 37.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The business’s fifty day moving average is $60.95 and its two-hundred day moving average is $53.15. Heartland Financial USA, Inc. has a 1 year low of $30.65 and a 1 year high of $70.27.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. The business had revenue of $272.79 million during the quarter, compared to the consensus estimate of $189.51 million. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. During the same period in the prior year, the business posted $1.12 earnings per share. On average, research analysts forecast that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current fiscal year.

Heartland Financial USA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.78%. Heartland Financial USA’s dividend payout ratio is currently 67.04%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Heartland Financial USA in a report on Monday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.60.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.