Heartland Financial USA, Inc. (NASDAQ:HTLF) Director Sells $1,537,200.00 in Stock

Heartland Financial USA, Inc. (NASDAQ:HTLF) Director John K. Schmidt sold 22,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the transaction, the director now owns 60,541 shares of the company’s stock, valued at $4,136,161.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Heartland Financial USA Trading Down 1.6 %

Shares of HTLF stock traded down $1.08 on Wednesday, hitting $66.42. 310,759 shares of the company’s stock traded hands, compared to its average volume of 292,110. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 38.11 and a beta of 0.94. The company’s fifty day simple moving average is $58.08 and its 200 day simple moving average is $51.02. Heartland Financial USA, Inc. has a one year low of $29.38 and a one year high of $69.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.76.

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

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Tuesday, November 12th. Heartland Financial USA’s payout ratio is 67.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Heartland Financial USA in a report on Friday, November 8th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.60.

Hedge Funds Weigh In On Heartland Financial USA

Several hedge funds and other institutional investors have recently modified their holdings of the company. Magnetar Financial LLC purchased a new position in shares of Heartland Financial USA during the second quarter valued at approximately $46,626,000. Millennium Management LLC increased its position in Heartland Financial USA by 2,309.0% during the 2nd quarter. Millennium Management LLC now owns 710,923 shares of the bank’s stock valued at $31,601,000 after purchasing an additional 681,412 shares during the period. Stieven Capital Advisors L.P. increased its position in Heartland Financial USA by 506.3% during the 1st quarter. Stieven Capital Advisors L.P. now owns 394,095 shares of the bank’s stock valued at $13,852,000 after purchasing an additional 329,095 shares during the period. Slotnik Capital LLC bought a new position in Heartland Financial USA in the 2nd quarter worth $13,714,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Heartland Financial USA in the 2nd quarter worth about $10,601,000. 71.55% of the stock is owned by institutional investors.

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.