Honkamp Krueger Financial Services Inc. lowered its stake in Heartland Financial USA Inc (NASDAQ:HTLF) by 0.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,196 shares of the bank’s stock after selling 326 shares during the quarter. Heartland Financial USA comprises 0.4% of Honkamp Krueger Financial Services Inc.’s portfolio, making the stock its 19th biggest holding. Honkamp Krueger Financial Services Inc. owned 0.34% of Heartland Financial USA worth $5,512,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gradient Investments LLC bought a new stake in Heartland Financial USA during the 2nd quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Heartland Financial USA during the 1st quarter valued at approximately $33,000. Pearl River Capital LLC raised its stake in Heartland Financial USA by 187.8% during the 1st quarter. Pearl River Capital LLC now owns 964 shares of the bank’s stock valued at $42,000 after purchasing an additional 629 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Heartland Financial USA by 28.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,171 shares of the bank’s stock valued at $93,000 after purchasing an additional 475 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Heartland Financial USA during the 1st quarter valued at approximately $124,000. 49.97% of the stock is currently owned by hedge funds and other institutional investors.
HTLF has been the topic of several recent analyst reports. Piper Jaffray Companies decreased their target price on Heartland Financial USA from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. BidaskClub downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. ValuEngine downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Zacks Investment Research raised Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st.
HTLF traded down $1.79 on Friday, hitting $42.11. 94,875 shares of the company’s stock traded hands, compared to its average volume of 103,364. The company’s 50 day simple moving average is $44.78 and its 200-day simple moving average is $45.03. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 1.09 and a beta of 0.95. Heartland Financial USA Inc has a one year low of $40.80 and a one year high of $61.95. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19.
Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, July 29th. The bank reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.32. The business had revenue of $138.77 million during the quarter, compared to analysts’ expectations of $135.69 million. Heartland Financial USA had a return on equity of 10.37% and a net margin of 23.19%. During the same quarter last year, the business posted $0.85 EPS. As a group, equities analysts anticipate that Heartland Financial USA Inc will post 4.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, August 8th. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.16. Heartland Financial USA’s dividend payout ratio (DPR) is currently 20.45%.
About Heartland Financial USA
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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