57,200 Shares in Heartland Financial USA, Inc. (NASDAQ:HTLF) Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,200 shares of the bank’s stock, valued at approximately $2,543,000.

Several other large investors have also recently modified their holdings of the business. Stieven Capital Advisors L.P. grew its stake in shares of Heartland Financial USA by 506.3% in the first quarter. Stieven Capital Advisors L.P. now owns 394,095 shares of the bank’s stock worth $13,852,000 after purchasing an additional 329,095 shares during the last quarter. Norges Bank acquired a new position in Heartland Financial USA during the 4th quarter worth about $11,502,000. Dimensional Fund Advisors LP grew its position in shares of Heartland Financial USA by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,384,697 shares of the bank’s stock valued at $105,999,000 after buying an additional 182,245 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Heartland Financial USA by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 3,232,944 shares of the bank’s stock valued at $121,591,000 after buying an additional 88,886 shares during the period. Finally, Versor Investments LP raised its position in shares of Heartland Financial USA by 781.5% during the second quarter. Versor Investments LP now owns 73,507 shares of the bank’s stock worth $3,267,000 after acquiring an additional 65,168 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Price Performance

Shares of HTLF opened at $55.88 on Friday. The firm has a market cap of $2.39 billion, a PE ratio of 33.66 and a beta of 0.95. Heartland Financial USA, Inc. has a 52-week low of $26.44 and a 52-week high of $59.16. The business’s 50 day moving average price is $53.64 and its two-hundred day moving average price is $45.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.75 and a current ratio of 0.77.

Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Tuesday, July 30th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.01. The business had revenue of $188.92 million for 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%. Heartland Financial USA’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share. On average, equities analysts anticipate that Heartland Financial USA, Inc. will post 4.73 EPS for the current year.

Heartland Financial USA Dividend Announcement

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

Insider Activity at Heartland Financial USA

In related news, EVP Lo B. Nestman sold 4,389 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.14, for a total value of $220,064.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HTLF shares. StockNews.com assumed coverage on Heartland Financial USA in a report on Saturday, September 21st. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods raised shares of Heartland Financial USA from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $51.00 to $54.00 in a research note on Friday, May 31st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Heartland Financial USA presently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

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.