866,680 Shares in Heartland Financial USA, Inc. (NASDAQ:HTLF) Bought by Norges Bank

Norges Bank bought a new position in Heartland Financial USA, Inc. (NASDAQ:HTLF) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 866,680 shares of the bank’s stock, valued at approximately $53,132,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of Heartland Financial USA by 77.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock worth $57,000 after purchasing an additional 406 shares in the last quarter. USA Financial Formulas lifted its position in Heartland Financial USA by 90.4% during the fourth quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock valued at $124,000 after purchasing an additional 958 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Heartland Financial USA by 204.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock worth $198,000 after buying an additional 2,174 shares in the last quarter. Net Worth Advisory Group bought a new position in shares of Heartland Financial USA in the 4th quarter worth $200,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Heartland Financial USA during the 3rd quarter valued at $225,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Stock Down 2.2 %

Shares of HTLF opened at $64.67 on Friday. The firm has a market cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. Heartland Financial USA, Inc. has a 1 year low of $32.97 and a 1 year high of $70.27. The stock has a 50 day simple moving average of $64.83 and a two-hundred day simple moving average of $63.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Heartland Financial USA in a research note on Monday, March 31st. They issued 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.