Accredited Investors Inc. Grows Stake in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Accredited Investors Inc. boosted its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,860 shares of the bank’s stock after acquiring an additional 376 shares during the quarter. Accredited Investors Inc.’s holdings in Heartland Financial USA were worth $1,218,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HTLF. Integrated Investment Consultants LLC boosted its stake in shares of Heartland Financial USA by 2.0% in the fourth quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock worth $533,000 after acquiring an additional 170 shares during the period. Steele Capital Management Inc. lifted its stake in Heartland Financial USA by 2.4% in the fourth quarter. Steele Capital Management Inc. now owns 10,496 shares of the bank’s stock worth $643,000 after purchasing an additional 250 shares during the last quarter. Wolverine Asset Management LLC increased its stake in Heartland Financial USA by 0.7% in the fourth quarter. Wolverine Asset Management LLC now owns 41,342 shares of the bank’s stock worth $2,534,000 after purchasing an additional 300 shares during the period. Handelsbanken Fonder AB grew its stake in Heartland Financial USA by 4.6% in the 4th quarter. Handelsbanken Fonder AB now owns 6,837 shares of the bank’s stock worth $419,000 after acquiring an additional 300 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Heartland Financial USA by 77.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock worth $57,000 after acquiring an additional 406 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Heartland Financial USA in a research report on Tuesday. They set a “hold” rating on the stock.

Heartland Financial USA Price Performance

HTLF stock opened at $64.67 on Thursday. The firm has a market cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. 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 stock’s 50 day moving average price is $64.67 and its 200 day moving average price is $63.35. Heartland Financial USA, Inc. has a 1 year low of $32.97 and a 1 year high of $70.27.

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.