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

Investment analysts at StockNews.com assumed coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a note issued to investors on Wednesday. The firm set a “hold” rating on the bank’s stock.

Heartland Financial USA Stock Down 2.2 %

NASDAQ:HTLF opened at $64.67 on Wednesday. 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 twelve month low of $32.97 and a twelve month high of $70.27. The company has a market cap of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. The company’s 50 day moving average is $64.67 and its two-hundred day moving average is $63.59.

Hedge Funds Weigh In On Heartland Financial USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Heartland Financial USA by 77.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock valued at $57,000 after purchasing an additional 406 shares during the period. Sterling Capital Management LLC boosted its position in Heartland Financial USA by 821.4% in the fourth quarter. Sterling Capital Management LLC now owns 1,336 shares of the bank’s stock valued at $82,000 after buying an additional 1,191 shares during the last quarter. USA Financial Formulas increased its holdings in Heartland Financial USA by 90.4% in the 4th quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock worth $124,000 after buying an additional 958 shares during the period. Steward Partners Investment Advisory LLC raised its position in Heartland Financial USA by 204.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock worth $198,000 after buying an additional 2,174 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new stake in Heartland Financial USA during the 4th quarter valued at approximately $200,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

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.