Sei Investments Co. Has $8.79 Million Stake in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Sei Investments Co. lessened its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 0.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 143,352 shares of the bank’s stock after selling 1,337 shares during the period. Sei Investments Co.’s holdings in Heartland Financial USA were worth $8,788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Intech Investment Management LLC boosted its position in shares of Heartland Financial USA by 184.8% during the 4th quarter. Intech Investment Management LLC now owns 21,398 shares of the bank’s stock worth $1,312,000 after purchasing an additional 13,884 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Heartland Financial USA during the fourth quarter valued at approximately $243,000. Swiss National Bank increased its holdings in shares of Heartland Financial USA by 1.0% during the fourth quarter. Swiss National Bank now owns 84,400 shares of the bank’s stock valued at $5,174,000 after acquiring an additional 800 shares in the last quarter. Avantax Planning Partners Inc. raised its position in shares of Heartland Financial USA by 29.5% during the fourth quarter. Avantax Planning Partners Inc. now owns 6,739 shares of the bank’s stock worth $413,000 after purchasing an additional 1,537 shares during the period. Finally, Net Worth Advisory Group bought a new position in shares of Heartland Financial USA in the 4th quarter worth $200,000. 71.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Heartland Financial USA in a research note on Monday. They set a “hold” rating for the company.

Heartland Financial USA Price Performance

Shares of NASDAQ HTLF opened at $64.67 on Monday. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. Heartland Financial USA, Inc. has a fifty-two week low of $32.97 and a fifty-two week high of $70.27. The firm’s 50-day simple moving average is $64.99 and its 200 day simple moving average is $62.90.

Heartland Financial USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were issued a $0.30 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. Heartland Financial USA’s dividend payout ratio is presently 67.04%.

Heartland Financial USA 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.