StockNews.com Initiates Coverage on Heartland Financial USA (NASDAQ:HTLF)

Equities researchers at StockNews.com assumed coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the bank’s stock.

Heartland Financial USA Stock Down 2.2 %

Shares of HTLF opened at $64.67 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Heartland Financial USA has a 12 month low of $32.97 and a 12 month high of $70.27. The stock’s 50 day moving average is $64.98 and its two-hundred day moving average is $62.47. The firm has a market cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98.

Institutional Trading of Heartland Financial USA

A number of institutional investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC boosted its stake in shares of Heartland Financial USA by 2.0% in the fourth quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock worth $533,000 after acquiring an additional 170 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Heartland Financial USA by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,436 shares of the bank’s stock worth $272,000 after buying an additional 233 shares in the last quarter. Steele Capital Management Inc. lifted its position in Heartland Financial USA by 2.4% during the fourth quarter. Steele Capital Management Inc. now owns 10,496 shares of the bank’s stock worth $643,000 after buying an additional 250 shares in the last quarter. Wolverine Asset Management LLC lifted its position in Heartland Financial USA by 0.7% during the fourth quarter. Wolverine Asset Management LLC now owns 41,342 shares of the bank’s stock worth $2,534,000 after buying an additional 300 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Heartland Financial USA by 4.6% during the fourth quarter. Handelsbanken Fonder AB now owns 6,837 shares of the bank’s stock worth $419,000 after buying an additional 300 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

About Heartland Financial USA

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.