Tower Research Capital LLC TRC Sells 5,152 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Tower Research Capital LLC TRC cut its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 83.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 989 shares of the bank’s stock after selling 5,152 shares during the period. Tower Research Capital LLC TRC’s holdings in Heartland Financial USA were worth $61,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Heartland Financial USA by 77.8% during 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 last quarter. Sterling Capital Management LLC increased its position in shares of Heartland Financial USA by 821.4% during the fourth quarter. Sterling Capital Management LLC now owns 1,336 shares of the bank’s stock valued at $82,000 after acquiring an additional 1,191 shares in the last quarter. USA Financial Formulas increased its position in shares of Heartland Financial USA by 90.4% during the fourth quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock valued at $124,000 after acquiring an additional 958 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Heartland Financial USA by 204.7% in 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 during the period. Finally, Net Worth Advisory Group bought a new stake in Heartland Financial USA in the 4th quarter worth approximately $200,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Heartland Financial USA Stock Down 2.2%

Shares of NASDAQ HTLF opened at $64.67 on Monday. The firm’s 50-day moving average price is $64.67 and its 200-day moving average price is $64.54. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The stock 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, Inc. has a 12-month low of $41.69 and a 12-month high of $70.27.

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.