StockNews.com Initiates Coverage on Heartland Financial USA (NASDAQ:HTLF)

StockNews.com began coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the bank’s stock.

Heartland Financial USA Stock Performance

Shares of HTLF stock opened at $64.67 on Wednesday. The stock has a 50-day moving average of $64.67 and a 200-day moving average of $63.60. Heartland Financial USA has a one year low of $32.97 and a one year high of $70.27. The stock has a market cap of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76.

Institutional Trading of Heartland Financial USA

A number of large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Heartland Financial USA in the fourth quarter worth about $53,132,000. Westchester Capital Management LLC raised its holdings in Heartland Financial USA by 72.7% during the 4th quarter. Westchester Capital Management LLC now owns 1,006,891 shares of the bank’s stock worth $61,727,000 after buying an additional 424,011 shares during the period. Squarepoint Ops LLC lifted its stake in Heartland Financial USA by 99.4% in the fourth quarter. Squarepoint Ops LLC now owns 314,348 shares of the bank’s stock valued at $19,271,000 after buying an additional 156,699 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Heartland Financial USA by 10.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock valued at $98,191,000 after buying an additional 145,255 shares during the period. Finally, Credit Industriel ET Commercial bought a new stake in shares of Heartland Financial USA during the fourth quarter worth $4,904,000. Institutional investors own 71.55% of the company’s stock.

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.