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Short Interest in Heartland Financial USA, Inc. (NASDAQ:HTLF) Declines By 15.1%

Tuesday, May 4, 2021 | MarketBeat

Heartland Financial USA, Inc. (NASDAQ:HTLF) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 500,500 shares, a decrease of 15.1% from the March 31st total of 589,300 shares. Based on an average daily volume of 201,900 shares, the short-interest ratio is presently 2.5 days.

HTLF opened at $51.09 on Tuesday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 14.11 and a beta of 1.32. The stock's 50 day moving average price is $50.47 and its two-hundred day moving average price is $44.09. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.31. Heartland Financial USA has a 12-month low of $25.30 and a 12-month high of $54.03.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Sunday, April 25th. The bank reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.10 by $0.10. Heartland Financial USA had a return on equity of 9.66% and a net margin of 21.09%. During the same period last year, the company posted $0.54 EPS. As a group, analysts anticipate that Heartland Financial USA will post 4.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 31st. Shareholders of record on Monday, May 17th will be given a $0.22 dividend. The ex-dividend date is Friday, May 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.72%. Heartland Financial USA's dividend payout ratio is currently 21.26%.

Separately, Zacks Investment Research raised Heartland Financial USA from a "sell" rating to a "buy" rating and set a $47.00 price objective on the stock in a report on Thursday, January 28th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. The stock has an average rating of "Buy" and a consensus price target of $45.00.

In other news, Director Christopher Hylen bought 3,500 shares of the company's stock in a transaction on Tuesday, March 16th. The shares were bought at an average cost of $28.16 per share, with a total value of $98,560.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.50% of the company's stock.

Several hedge funds have recently made changes to their positions in HTLF. Norges Bank bought a new stake in shares of Heartland Financial USA in the 4th quarter worth approximately $17,332,000. BlackRock Inc. lifted its position in shares of Heartland Financial USA by 6.5% in the 4th quarter. BlackRock Inc. now owns 2,638,037 shares of the bank's stock worth $106,497,000 after acquiring an additional 161,678 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Heartland Financial USA in the 1st quarter worth approximately $6,784,000. JPMorgan Chase & Co. lifted its position in shares of Heartland Financial USA by 177.2% in the 4th quarter. JPMorgan Chase & Co. now owns 76,146 shares of the bank's stock worth $3,074,000 after acquiring an additional 48,678 shares during the period. Finally, Dubuque Bank & Trust lifted its position in shares of Heartland Financial USA by 2.9% in the 4th quarter. Dubuque Bank & Trust now owns 1,659,491 shares of the bank's stock worth $66,994,000 after acquiring an additional 46,079 shares during the period. Institutional investors own 57.04% of the company's stock.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking products and services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, and individual retirement accounts; certificates of deposit; and other time deposits.

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