Intech Investment Management LLC Has $1.31 Million Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Intech Investment Management LLC raised its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 184.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,398 shares of the bank’s stock after purchasing an additional 13,884 shares during the period. Intech Investment Management LLC’s holdings in Heartland Financial USA were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HTLF. Westchester Capital Management LLC lifted its position in Heartland Financial USA by 260.1% during the 3rd quarter. Westchester Capital Management LLC now owns 582,880 shares of the bank’s stock valued at $33,049,000 after purchasing an additional 421,000 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Heartland Financial USA by 10.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock valued at $98,191,000 after purchasing an additional 145,255 shares during the period. ABC Arbitrage SA acquired a new position in Heartland Financial USA during the 4th quarter valued at about $4,506,000. Geode Capital Management LLC raised its position in shares of Heartland Financial USA by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock valued at $58,036,000 after acquiring an additional 47,480 shares during the period. Finally, Slotnik Capital LLC raised its position in shares of Heartland Financial USA by 14.6% in the 3rd quarter. Slotnik Capital LLC now owns 353,534 shares of the bank’s stock valued at $20,045,000 after acquiring an additional 45,000 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Heartland Financial USA Stock Performance

Shares of NASDAQ:HTLF opened at $64.67 on Friday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The firm’s 50 day simple moving average is $64.98 and its 200 day simple moving average is $62.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Heartland Financial USA, Inc. has a fifty-two week low of $32.95 and a fifty-two week high of $70.27.

Heartland Financial USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.20 annualized dividend and a yield of 1.86%. Heartland Financial USA’s dividend payout ratio (DPR) is currently 67.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a research report on Saturday, March 15th. They issued a “hold” rating on the stock.

About Heartland Financial USA

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.