Heartland Financial USA (NASDAQ:HTLF) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research report issued on Monday. The firm set a “hold” rating on the bank’s stock.

Heartland Financial USA Trading Down 2.2 %

Shares of Heartland Financial USA stock opened at $64.67 on Monday. The firm’s 50 day moving average is $64.99 and its 200 day moving average is $62.90. The firm 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 1 year low of $32.97 and a 1 year high of $70.27. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On Heartland Financial USA

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Heartland Financial USA in the 4th quarter valued at $53,132,000. Westchester Capital Management LLC increased its holdings in Heartland Financial USA by 72.7% in the fourth quarter. Westchester Capital Management LLC now owns 1,006,891 shares of the bank’s stock worth $61,727,000 after purchasing an additional 424,011 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Heartland Financial USA by 99.4% in the fourth 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. Charles Schwab Investment Management Inc. boosted its holdings in shares of Heartland Financial USA by 10.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock worth $98,191,000 after buying an additional 145,255 shares in the last quarter. Finally, Credit Industriel ET Commercial acquired a new stake in shares of Heartland Financial USA during the 4th quarter worth approximately $4,904,000. 71.55% of the stock is owned by institutional investors.

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.