The Manufacturers Life Insurance Company Sells 721 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

The Manufacturers Life Insurance Company cut its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,874 shares of the bank’s stock after selling 721 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Heartland Financial USA were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HTLF. Vanguard Group Inc. lifted its stake in shares of Heartland Financial USA by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 3,154,888 shares of the bank’s stock valued at $193,410,000 after buying an additional 46,937 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Heartland Financial USA by 10.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock valued at $98,191,000 after acquiring an additional 145,255 shares during the period. Westchester Capital Management LLC lifted its position in shares of Heartland Financial USA by 72.7% during the fourth quarter. Westchester Capital Management LLC now owns 1,006,891 shares of the bank’s stock worth $61,727,000 after acquiring an additional 424,011 shares in the last quarter. Norges Bank bought a new position in shares of Heartland Financial USA in the fourth quarter worth $53,132,000. Finally, Stieven Capital Advisors L.P. grew its position in shares of Heartland Financial USA by 6.1% in the fourth quarter. Stieven Capital Advisors L.P. now owns 343,364 shares of the bank’s stock valued at $21,050,000 after purchasing an additional 19,787 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Trading Down 2.2%

Shares of Heartland Financial USA stock opened at $64.67 on Wednesday. The company’s 50-day moving average price is $64.67 and its 200-day moving average price is $64.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Heartland Financial USA, Inc. has a 12-month low of $41.69 and a 12-month high of $70.27. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Heartland Financial USA in a report on Saturday. They set a “hold” rating on the 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.