Northern Trust Corp Boosts Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Northern Trust Corp boosted its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,883 shares of the bank’s stock after buying an additional 24,680 shares during the period. Northern Trust Corp’s holdings in Heartland Financial USA were worth $25,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in Heartland Financial USA by 77.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock valued at $57,000 after buying an additional 406 shares during the last quarter. Sterling Capital Management LLC grew its position in Heartland Financial USA by 821.4% in the 4th 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 grew its position in Heartland Financial USA by 90.4% in the 4th quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock valued at $124,000 after buying an additional 958 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of 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 purchasing an additional 2,174 shares in the last quarter. Finally, Net Worth Advisory Group purchased a new stake in shares of Heartland Financial USA during the 4th quarter worth $200,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Heartland Financial USA Price Performance

Shares of NASDAQ HTLF opened at $64.67 on Monday. The firm has a market capitalization of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. Heartland Financial USA, Inc. has a one year low of $41.69 and a one year high of $70.27. The company’s fifty day moving average is $64.67 and its two-hundred day moving average is $64.54. 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 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.