Rhumbline Advisers Increases Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Rhumbline Advisers increased its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,009 shares of the bank’s stock after buying an additional 1,865 shares during the quarter. Rhumbline Advisers’ holdings in Heartland Financial USA were worth $4,414,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Heartland Financial USA by 12.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,744 shares of the bank’s stock worth $1,330,000 after acquiring an additional 2,612 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Heartland Financial USA by 0.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,978 shares of the bank’s stock valued at $1,756,000 after buying an additional 245 shares during the period. Principal Financial Group Inc. grew its stake in shares of Heartland Financial USA by 8.0% in the 3rd quarter. Principal Financial Group Inc. now owns 28,679 shares of the bank’s stock valued at $1,626,000 after buying an additional 2,136 shares during the period. Wolverine Asset Management LLC grew its stake in shares of Heartland Financial USA by 39.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 41,042 shares of the bank’s stock valued at $2,327,000 after buying an additional 11,589 shares during the period. Finally, Versor Investments LP boosted its position in shares of Heartland Financial USA by 13.6% during the 3rd quarter. Versor Investments LP now owns 83,489 shares of the bank’s stock worth $4,734,000 after purchasing an additional 9,982 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jennifer K. Hopkins sold 5,811 shares of Heartland Financial USA stock in a transaction on Monday, December 9th. The shares were sold at an average price of $67.56, for a total transaction of $392,591.16. Following the sale, the director now directly owns 6,963 shares in the company, valued at $470,420.28. This trade represents a 45.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Heartland Financial USA Price Performance

Shares of HTLF opened at $64.67 on Friday. Heartland Financial USA, Inc. has a twelve month low of $32.33 and a twelve month high of $70.27. The firm’s fifty day simple moving average is $63.97 and its 200-day simple moving average is $61.17. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. 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 Announces Dividend

The company also recently disclosed 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 of this dividend 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 payout ratio is 67.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a report on Thursday. They set a “hold” rating on the 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.