Heartland Financial USA (NASDAQ:HTLF) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a report issued on Thursday. The firm set a “hold” rating on the bank’s stock.

Heartland Financial USA Stock Down 2.2 %

Shares of Heartland Financial USA stock opened at $64.67 on Thursday. The company has a 50-day simple moving average of $63.90 and a two-hundred day simple moving average of $61.15. The stock has a market capitalization of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. Heartland Financial USA has a 52-week low of $32.12 and a 52-week high of $70.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76.

Insider Activity

In other Heartland Financial USA news, Director Jennifer K. Hopkins sold 5,811 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $67.56, for a total value of $392,591.16. Following the completion of the transaction, the director now owns 6,963 shares of the company’s stock, valued at approximately $470,420.28. The trade was a 45.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Heartland Financial USA

A number of institutional investors have recently made changes to their positions in the stock. Credit Industriel ET Commercial bought a new position in Heartland Financial USA during the fourth quarter valued at approximately $4,904,000. Focus Partners Advisor Solutions LLC raised its stake in Heartland Financial USA by 50.1% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 39,025 shares of the bank’s stock valued at $2,392,000 after buying an additional 13,020 shares during the last quarter. Continuum Advisory LLC bought a new position in shares of Heartland Financial USA during the 4th quarter valued at $269,000. Squarepoint Ops LLC lifted its holdings in shares of Heartland Financial USA by 99.4% during the 4th quarter. Squarepoint Ops LLC now owns 314,348 shares of the bank’s stock valued at $19,271,000 after buying an additional 156,699 shares during the period. Finally, Sagefield Capital LP boosted its stake in shares of Heartland Financial USA by 14.4% in the 4th quarter. Sagefield Capital LP now owns 47,742 shares of the bank’s stock worth $2,927,000 after buying an additional 6,020 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s 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.