Bank of Montreal Can Purchases New Shares in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Bank of Montreal Can acquired a new position in Heartland Financial USA, Inc. (NASDAQ:HTLF) in the second quarter, Holdings Channel reports. The institutional investor acquired 14,974 shares of the bank’s stock, valued at approximately $673,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Heartland Financial USA by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,244,151 shares of the bank’s stock valued at $114,032,000 after purchasing an additional 11,207 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Heartland Financial USA by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,384,697 shares of the bank’s stock valued at $105,999,000 after acquiring an additional 182,245 shares during the period. Magnetar Financial LLC bought a new stake in shares of Heartland Financial USA in the 2nd quarter worth about $46,626,000. Stieven Capital Advisors L.P. lifted its holdings in shares of Heartland Financial USA by 506.3% in the 1st quarter. Stieven Capital Advisors L.P. now owns 394,095 shares of the bank’s stock worth $13,852,000 after acquiring an additional 329,095 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Heartland Financial USA by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 302,294 shares of the bank’s stock worth $13,437,000 after purchasing an additional 12,565 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Heartland Financial USA Stock Down 0.3 %

NASDAQ:HTLF opened at $56.02 on Wednesday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 33.75 and a beta of 0.95. Heartland Financial USA, Inc. has a twelve month low of $26.44 and a twelve month high of $59.16. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $54.14 and a 200-day simple moving average of $46.44.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Tuesday, July 30th. The bank reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. The company had revenue of $188.92 million for the quarter, compared to the consensus estimate of $183.19 million. Heartland Financial USA had a net margin of 7.12% and a return on equity of 11.11%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. Analysts anticipate that Heartland Financial USA, Inc. will post 4.73 EPS for the current year.

Heartland Financial USA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Tuesday, August 13th. Heartland Financial USA’s dividend payout ratio is presently 72.29%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Heartland Financial USA in a research report on Monday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Heartland Financial USA has an average rating of “Moderate Buy” and a consensus target price of $45.60.

Insider Activity at Heartland Financial USA

In other Heartland Financial USA news, EVP Lo B. Nestman sold 4,389 shares of Heartland Financial USA stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.14, for a total transaction of $220,064.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

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.