New York State Teachers Retirement System Buys 200 Shares of Heartland Financial USA, Inc. (HTLF)

New York State Teachers Retirement System increased its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 10.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,100 shares of the bank’s stock after buying an additional 200 shares during the period. New York State Teachers Retirement System’s holdings in Heartland Financial USA were worth $105,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. ClariVest Asset Management LLC increased its stake in Heartland Financial USA by 1.0% in the first quarter. ClariVest Asset Management LLC now owns 21,000 shares of the bank’s stock valued at $1,049,000 after buying an additional 200 shares during the period. Victory Capital Management Inc. increased its stake in Heartland Financial USA by 21.6% in the first quarter. Victory Capital Management Inc. now owns 3,243 shares of the bank’s stock valued at $162,000 after buying an additional 576 shares during the period. Comerica Bank increased its stake in Heartland Financial USA by 12.8% in the fourth quarter. Comerica Bank now owns 6,726 shares of the bank’s stock valued at $317,000 after buying an additional 763 shares during the period. PNC Financial Services Group Inc. increased its stake in Heartland Financial USA by 10.2% in the first quarter. PNC Financial Services Group Inc. now owns 9,753 shares of the bank’s stock valued at $487,000 after buying an additional 902 shares during the period. Finally, Martingale Asset Management L P increased its stake in Heartland Financial USA by 0.8% in the first quarter. Martingale Asset Management L P now owns 120,933 shares of the bank’s stock valued at $6,041,000 after buying an additional 1,000 shares during the period. 39.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Heartland Financial USA, Inc. (HTLF) opened at 43.25 on Friday. The company’s 50-day moving average price is $46.29 and its 200-day moving average price is $47.56. Heartland Financial USA, Inc. has a 52-week low of $35.02 and a 52-week high of $52.65. The stock has a market cap of $1.29 billion, a PE ratio of 14.18 and a beta of 0.65.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, July 31st. The bank reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.08. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. The company had revenue of $100.20 million during the quarter, compared to analysts’ expectations of $103.48 million. During the same quarter in the previous year, the firm posted $0.84 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Heartland Financial USA, Inc. will post $3.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.44 dividend on an annualized basis and a yield of 1.02%. Heartland Financial USA’s dividend payout ratio is currently 14.47%.

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Several research firms have recently weighed in on HTLF. BidaskClub cut Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Friday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price target on shares of Heartland Financial USA in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. FBR & Co restated a “mkt perform” rating and issued a $52.00 price target (up previously from $50.00) on shares of Heartland Financial USA in a research note on Tuesday, April 25th. Finally, DA Davidson cut Heartland Financial USA from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 25th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Heartland Financial USA has an average rating of “Hold” and an average target price of $52.67.

In other news, CEO Lynn B. Fuller purchased 1,000 shares of the stock in a transaction on Friday, June 2nd. The stock was bought at an average price of $44.60 per share, with a total value of $44,600.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director R Michael Mccoy purchased 2,030 shares of the stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $44.67 per share, with a total value of $90,680.10. The disclosure for this purchase can be found here. Insiders own 9.00% of the company’s stock.

About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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