Heartland Financial USA, Inc. (NASDAQ:HTLF) CFO Kevin L. Thompson Buys 317 Shares

Heartland Financial USA, Inc. (NASDAQ:HTLF) CFO Kevin L. Thompson purchased 317 shares of the company’s stock in a transaction that occurred on Sunday, June 30th. The stock was acquired at an average cost of $39.42 per share, for a total transaction of $12,496.14. Following the transaction, the chief financial officer now owns 317 shares in the company, valued at approximately $12,496.14. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Heartland Financial USA Stock Performance

Shares of HTLF stock traded down $0.57 during trading hours on Monday, hitting $43.88. 137,589 shares of the company were exchanged, compared to its average volume of 333,221. The firm has a fifty day simple moving average of $42.65 and a 200 day simple moving average of $37.80. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. Heartland Financial USA, Inc. has a 52-week low of $26.44 and a 52-week high of $45.99. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 26.55 and a beta of 0.97.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, April 29th. The bank reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.08. Heartland Financial USA had a net margin of 8.17% and a return on equity of 11.33%. The company had revenue of $279.39 million during the quarter, compared to analyst estimates of $182.73 million. During the same quarter last year, the business posted $1.22 EPS. Research analysts predict that Heartland Financial USA, Inc. will post 4.5 earnings per share for the current fiscal year.

Heartland Financial USA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.73%. Heartland Financial USA’s dividend payout ratio is 72.29%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HTLF. Principal Securities Inc. purchased a new position in Heartland Financial USA in the 4th quarter valued at approximately $26,000. Clarity Asset Management Inc. purchased a new position in Heartland Financial USA in the 4th quarter valued at approximately $50,000. TFO Wealth Partners LLC grew its stake in Heartland Financial USA by 37,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock valued at $85,000 after buying an additional 2,253 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Heartland Financial USA by 695.2% in the 1st quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank’s stock valued at $99,000 after buying an additional 2,454 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Heartland Financial USA in the 1st quarter valued at approximately $167,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. DA Davidson raised their price target on shares of Heartland Financial USA from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Keefe, Bruyette & Woods raised shares of Heartland Financial USA from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $51.00 to $54.00 in a research report on Friday, May 31st. Finally, StockNews.com started coverage on shares of Heartland Financial USA in a research report on Tuesday, June 25th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Heartland Financial USA has an average rating of “Moderate Buy” and an average price target of $45.60.

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.