Mark A. Frank Sells 432 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) Stock

Heartland Financial USA, Inc. (NASDAQ:HTLF) EVP Mark A. Frank sold 432 shares of Heartland Financial USA stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $67.24, for a total value of $29,047.68. Following the sale, the executive vice president now owns 1,060 shares in the company, valued at $71,274.40. This represents a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Heartland Financial USA Stock Performance

Heartland Financial USA stock traded up $1.42 during mid-day trading on Monday, reaching $68.95. 167,324 shares of the stock traded hands, compared to its average volume of 287,053. The stock has a market capitalization of $2.96 billion, a PE ratio of 38.60 and a beta of 0.94. 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 12-month low of $29.67 and a 12-month high of $70.27. The business’s 50-day moving average is $59.88 and its 200-day moving average is $52.31.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, meeting analysts’ consensus estimates of $1.17. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. The company had revenue of $272.79 million during the quarter, compared to analysts’ expectations of $189.51 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. As a group, sell-side analysts predict that Heartland Financial USA, Inc. will post 4.57 EPS for the current fiscal year.

Heartland Financial USA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, November 12th. Heartland Financial USA’s dividend payout ratio (DPR) is currently 67.04%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of Heartland Financial USA by 4.9% in the third quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock worth $58,036,000 after buying an additional 47,480 shares during the period. Barclays PLC grew its position in shares of Heartland Financial USA by 65.5% during the third quarter. Barclays PLC now owns 84,767 shares of the bank’s stock worth $4,807,000 after purchasing an additional 33,533 shares in the last quarter. XTX Topco Ltd grew its position in shares of Heartland Financial USA by 128.0% during the third quarter. XTX Topco Ltd now owns 11,541 shares of the bank’s stock worth $654,000 after purchasing an additional 6,479 shares in the last quarter. Stifel Financial Corp grew its position in shares of Heartland Financial USA by 33.1% during the third quarter. Stifel Financial Corp now owns 27,999 shares of the bank’s stock worth $1,588,000 after purchasing an additional 6,960 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Heartland Financial USA during the third quarter worth about $225,000. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Heartland Financial USA in a report on Sunday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Heartland Financial USA has a consensus rating of “Moderate Buy” and a consensus price target of $45.60.

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.