Oppenheimer Asset Management Inc. Decreases Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Oppenheimer Asset Management Inc. trimmed its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,514 shares of the bank’s stock after selling 569 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Heartland Financial USA were worth $3,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. USA Financial Formulas raised its holdings in shares of Heartland Financial USA by 28.0% during the 3rd quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock worth $60,000 after acquiring an additional 232 shares in the last quarter. Innealta Capital LLC purchased a new stake in Heartland Financial USA during the 2nd quarter valued at $83,000. SG Americas Securities LLC purchased a new stake in Heartland Financial USA during the 3rd quarter valued at $125,000. Blue Trust Inc. raised its holdings in Heartland Financial USA by 2,193.4% during the 3rd quarter. Blue Trust Inc. now owns 2,775 shares of the bank’s stock valued at $157,000 after buying an additional 2,654 shares during the period. Finally, First Affirmative Financial Network purchased a new stake in Heartland Financial USA during the 2nd quarter valued at $209,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Heartland Financial USA

In other news, Director John K. Schmidt sold 22,500 shares of the stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Heartland Financial USA Stock Performance

Shares of Heartland Financial USA stock opened at $65.58 on Friday. The stock’s fifty day moving average is $58.79 and its two-hundred day moving average is $51.40. The company has a market capitalization of $2.81 billion, a PE ratio of 36.64 and a beta of 0.94. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. Heartland Financial USA, Inc. has a 52 week low of $29.67 and a 52 week high of $69.91.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. The company had revenue of $272.79 million for 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 quarter in the prior year, the company posted $1.12 EPS. As a group, analysts expect that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current year.

Heartland Financial USA Dividend Announcement

The firm 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 annualized dividend and a yield of 1.83%. The ex-dividend date is Tuesday, November 12th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 67.04%.

Analyst Ratings Changes

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

Heartland Financial USA 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.