Hsbc Holdings PLC Decreases Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Hsbc Holdings PLC lowered its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 41.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,779 shares of the bank’s stock after selling 3,416 shares during the quarter. Hsbc Holdings PLC’s holdings in Heartland Financial USA were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Clarity Asset Management Inc. acquired a new stake in Heartland Financial USA in the fourth quarter valued at about $50,000. Innealta Capital LLC acquired a new position in Heartland Financial USA during the second quarter worth $83,000. Meeder Asset Management Inc. raised its position in Heartland Financial USA by 695.2% in the first quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank’s stock worth $99,000 after acquiring an additional 2,454 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Heartland Financial USA in the first quarter valued at $167,000. Finally, First Affirmative Financial Network purchased a new stake in shares of Heartland Financial USA during the 2nd quarter worth $209,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Heartland Financial USA in a report on Sunday, September 29th. They issued a “hold” rating for the company. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.60.

Insider Buying and Selling

In other news, EVP Lo B. Nestman sold 4,389 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.14, for a total transaction of $220,064.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

Heartland Financial USA Stock Up 1.8 %

HTLF opened at $55.88 on Friday. The business’s fifty day simple moving average is $54.02 and its 200 day simple moving average is $46.03. Heartland Financial USA, Inc. has a 52 week low of $26.44 and a 52 week high of $59.16. The firm has a market cap of $2.39 billion, a P/E ratio of 33.66 and a beta of 0.95. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 0.19.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Tuesday, July 30th. The bank reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. The business had revenue of $188.92 million during the quarter, compared to analyst estimates of $183.19 million. Heartland Financial USA had a net margin of 7.12% and a return on equity of 11.11%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 earnings per share. As a group, equities research analysts anticipate that Heartland Financial USA, Inc. will post 4.73 EPS for the current fiscal year.

Heartland Financial USA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, August 13th. Heartland Financial USA’s dividend payout ratio is currently 72.29%.

Heartland Financial USA 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.