Robert B. Engel Sells 7,600 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) Stock

Heartland Financial USA, Inc. (NASDAQ:HTLF) Director Robert B. Engel sold 7,600 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $25.26, for a total transaction of $191,976.00. Following the sale, the director now owns 17,000 shares in the company, valued at approximately $429,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Heartland Financial USA Stock Up 1.1 %

Shares of Heartland Financial USA stock opened at $44.05 on Thursday. The stock has a 50-day simple moving average of $35.56 and a 200-day simple moving average of $34.41. Heartland Financial USA, Inc. has a 52-week low of $26.10 and a 52-week high of $44.47. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 26.54 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.72 and a quick ratio of 0.72.

Heartland Financial USA (NASDAQ:HTLF) last posted its earnings results on Monday, April 29th. The bank reported $1.22 EPS for the quarter, topping the consensus estimate of $1.14 by $0.08. The company had revenue of $279.39 million during the quarter, compared to the consensus estimate of $182.73 million. Heartland Financial USA had a net margin of 8.17% and a return on equity of 11.50%. During the same period in the previous year, the firm posted $1.22 earnings per share. On average, equities research analysts expect that Heartland Financial USA, Inc. will post 4.49 earnings per share for the current fiscal year.

Heartland Financial USA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a $0.30 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.72%. Heartland Financial USA’s dividend payout ratio is currently 72.29%.

Wall Street Analyst Weigh In

Several analysts have issued reports on HTLF shares. Stephens reissued an “overweight” rating and set a $45.00 target price on shares of Heartland Financial USA in a research note on Tuesday, January 30th. StockNews.com initiated coverage on Heartland Financial USA in a research note on Wednesday. They issued a “hold” rating for the company. Raymond James raised Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research note on Thursday, February 29th. Piper Sandler upped their target price on Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Finally, TheStreet cut shares of Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Institutional Trading of Heartland Financial USA

Several large investors have recently made changes to their positions in HTLF. Signaturefd LLC raised its stake in shares of Heartland Financial USA by 66.3% in the 3rd quarter. Signaturefd LLC now owns 875 shares of the bank’s stock valued at $26,000 after acquiring an additional 349 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Heartland Financial USA by 1.8% in the third quarter. Raymond James & Associates now owns 20,785 shares of the bank’s stock worth $612,000 after buying an additional 376 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Heartland Financial USA by 0.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 60,671 shares of the bank’s stock worth $1,786,000 after acquiring an additional 568 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Heartland Financial USA by 5.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 11,560 shares of the bank’s stock valued at $340,000 after acquiring an additional 593 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Heartland Financial USA by 8.5% during the first quarter. ProShare Advisors LLC now owns 7,600 shares of the bank’s stock valued at $267,000 after acquiring an additional 598 shares during the period. Institutional investors own 71.55% of the company’s stock.

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.