Roof Eidam & Maycock ADV acquired a new stake in Heartland Financial USA Inc (NASDAQ:HTLF) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,309 shares of the bank’s stock, valued at approximately $237,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. lifted its position in Heartland Financial USA by 354.7% during the second quarter. Atwood & Palmer Inc. now owns 11,631 shares of the bank’s stock valued at $520,000 after purchasing an additional 9,073 shares during the last quarter. Gradient Investments LLC bought a new stake in Heartland Financial USA during the second quarter valued at approximately $29,000. Hexavest Inc. bought a new stake in Heartland Financial USA during the second quarter valued at approximately $315,000. Amundi Pioneer Asset Management Inc. bought a new stake in Heartland Financial USA during the first quarter valued at approximately $124,000. Finally, First Trust Advisors LP lifted its position in Heartland Financial USA by 8.0% during the first quarter. First Trust Advisors LP now owns 123,546 shares of the bank’s stock valued at $5,269,000 after purchasing an additional 9,193 shares during the last quarter. Institutional investors own 50.48% of the company’s stock.
Several brokerages have issued reports on HTLF. BidaskClub upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. ValuEngine upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Piper Jaffray Companies dropped their target price on shares of Heartland Financial USA from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, July 29th. The bank reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.32. The firm had revenue of $138.77 million during the quarter, compared to analyst estimates of $135.69 million. Heartland Financial USA had a net margin of 23.19% and a return on equity of 10.75%. During the same period in the previous year, the business posted $0.85 EPS. As a group, sell-side analysts expect that Heartland Financial USA Inc will post 3.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, August 8th. Heartland Financial USA’s payout ratio is presently 18.18%.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.
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