Strs Ohio Has $831,000 Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Strs Ohio decreased its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,100 shares of the bank’s stock after selling 2,600 shares during the period. Strs Ohio owned 0.05% of Heartland Financial USA worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its stake in shares of Heartland Financial USA by 66.3% in the third quarter. Signaturefd LLC now owns 875 shares of the bank’s stock valued at $26,000 after buying an additional 349 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Heartland Financial USA by 248.2% in the third quarter. PNC Financial Services Group Inc. now owns 1,706 shares of the bank’s stock valued at $50,000 after buying an additional 1,216 shares during the period. Covestor Ltd grew its stake in Heartland Financial USA by 79.8% during the third quarter. Covestor Ltd now owns 2,969 shares of the bank’s stock worth $87,000 after purchasing an additional 1,318 shares during the period. SG Americas Securities LLC acquired a new stake in Heartland Financial USA during the third quarter worth approximately $232,000. Finally, Versor Investments LP acquired a new stake in Heartland Financial USA during the third quarter worth approximately $245,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Heartland Financial USA Stock Up 0.3 %

Shares of NASDAQ:HTLF opened at $36.02 on Thursday. The business’s 50 day simple moving average is $33.86 and its two-hundred day simple moving average is $33.56. The firm has a market cap of $1.54 billion, a P/E ratio of 21.31 and a beta of 1.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.72 and a current ratio of 0.72. Heartland Financial USA, Inc. has a 52-week low of $26.10 and a 52-week high of $39.39.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.40. The business had revenue of $144.09 million for the quarter, compared to analyst estimates of $178.60 million. Heartland Financial USA had a return on equity of 11.56% and a net margin of 8.57%. During the same quarter in the prior year, the company earned $1.37 earnings per share. As a group, research analysts forecast that Heartland Financial USA, Inc. will post 4.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stephens reaffirmed an “overweight” rating and set a $45.00 target price on shares of Heartland Financial USA in a research note on Tuesday, January 30th. TheStreet cut Heartland Financial USA from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. Piper Sandler raised their target price on Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Raymond James raised Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 target price for the company in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.80.

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.