Hsbc Holdings PLC Sells 432 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Hsbc Holdings PLC trimmed its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,933 shares of the bank’s stock after selling 432 shares during the period. Hsbc Holdings PLC’s holdings in Heartland Financial USA were worth $304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its holdings in Heartland Financial USA by 77.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock worth $57,000 after buying an additional 406 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Heartland Financial USA by 821.4% during the 4th quarter. Sterling Capital Management LLC now owns 1,336 shares of the bank’s stock worth $82,000 after purchasing an additional 1,191 shares during the last quarter. USA Financial Formulas raised its holdings in shares of 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 purchasing an additional 958 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Heartland Financial USA by 204.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock valued at $198,000 after purchasing an additional 2,174 shares during the last quarter. Finally, Net Worth Advisory Group bought a new position in Heartland Financial USA during the fourth quarter valued at $200,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Heartland Financial USA in a research report on Saturday. They set a “hold” rating on the stock.

Heartland Financial USA Price Performance

HTLF opened at $64.67 on Friday. The firm has a 50-day moving average price of $64.67 and a 200-day moving average price of $64.44. Heartland Financial USA, Inc. has a twelve month low of $41.69 and a twelve month high of $70.27. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98.

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.