Heartland Financial USA (NASDAQ:HTLF) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research note issued to investors on Monday morning. The firm issued a hold rating on the bank’s stock.

Heartland Financial USA Stock Down 2.2 %

NASDAQ:HTLF opened at $64.67 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. Heartland Financial USA has a 12-month low of $32.97 and a 12-month high of $70.27. The stock’s fifty day simple moving average is $64.90 and its 200-day simple moving average is $63.03. The firm has a market capitalization of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in Heartland Financial USA in the third quarter worth $426,000. BNP Paribas Financial Markets increased its position in shares of Heartland Financial USA by 18.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,890 shares of the bank’s stock valued at $901,000 after buying an additional 2,515 shares in the last quarter. Captrust Financial Advisors raised its stake in Heartland Financial USA by 9.3% during the 3rd quarter. Captrust Financial Advisors now owns 14,576 shares of the bank’s stock worth $826,000 after buying an additional 1,240 shares during the period. HighTower Advisors LLC bought a new position in Heartland Financial USA during the third quarter worth about $225,000. Finally, Stifel Financial Corp grew its stake in Heartland Financial USA by 33.1% in the third quarter. Stifel Financial Corp now owns 27,999 shares of the bank’s stock valued at $1,588,000 after acquiring an additional 6,960 shares during the period. Institutional investors own 71.55% of the company’s stock.

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.