Vanguard Group Inc. Has $92.53 Million Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Vanguard Group Inc. grew its position in Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,144,058 shares of the bank's stock after purchasing an additional 30,497 shares during the period. Vanguard Group Inc. owned approximately 7.37% of Heartland Financial USA worth $92,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versor Investments LP acquired a new position in shares of Heartland Financial USA in the 3rd quarter valued at about $245,000. Charles Schwab Investment Management Inc. lifted its position in Heartland Financial USA by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 446,883 shares of the bank's stock worth $13,152,000 after acquiring an additional 34,571 shares in the last quarter. EJF Capital LLC acquired a new position in Heartland Financial USA during the 3rd quarter worth approximately $1,299,000. KLCM Advisors Inc. acquired a new position in Heartland Financial USA during the 3rd quarter worth approximately $409,000. Finally, PNC Financial Services Group Inc. lifted its position in Heartland Financial USA by 248.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,706 shares of the bank's stock worth $50,000 after acquiring an additional 1,216 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA Stock Down 0.3 %

HTLF stock traded down $0.09 during midday trading on Friday, hitting $33.90. 171,136 shares of the company's stock were exchanged, compared to its average volume of 291,727. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20. Heartland Financial USA, Inc. has a 12-month low of $26.10 and a 12-month high of $39.39. The firm has a 50 day moving average price of $33.95 and a 200-day moving average price of $33.12. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 20.06 and a beta of 1.06.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last issued its quarterly earnings results on Monday, January 29th. The bank reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.40. Heartland Financial USA had a return on equity of 11.56% and a net margin of 8.57%. The business had revenue of $144.09 million during the quarter, compared to the consensus estimate of $178.60 million. During the same period in the previous year, the business earned $1.37 EPS. On average, analysts anticipate that Heartland Financial USA, Inc. will post 4.45 EPS for the current year.

Heartland Financial USA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Monday, February 12th were issued a $0.30 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.54%. Heartland Financial USA's dividend payout ratio (DPR) is 71.01%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HTLF. Stephens reissued an "overweight" rating and set a $45.00 price target on shares of Heartland Financial USA in a research report on Tuesday, January 30th. TheStreet lowered Heartland Financial USA from a "b" rating to a "c+" rating in a research report on Tuesday, January 30th. Piper Sandler boosted their price target on Heartland Financial USA from $40.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 30th. Finally, Raymond James raised Heartland Financial USA from a "market perform" rating to a "strong-buy" rating and set a $41.00 price target on the stock in a research report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.80.

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.