Bank of America Corp DE Buys 5,654 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Bank of America Corp DE lifted its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 461,222 shares of the bank’s stock after acquiring an additional 5,654 shares during the period. Bank of America Corp DE’s holdings in Heartland Financial USA were worth $28,275,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of Heartland Financial USA by 65.5% during the 3rd quarter. Barclays PLC now owns 84,767 shares of the bank’s stock worth $4,807,000 after purchasing an additional 33,533 shares during the last quarter. Integrated Investment Consultants LLC lifted its position in shares of Heartland Financial USA by 2.0% during the 4th quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock worth $533,000 after purchasing an additional 170 shares during the last quarter. Tanager Wealth Management LLP acquired a new position in shares of Heartland Financial USA during the 4th quarter worth about $256,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Heartland Financial USA by 30.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,035 shares of the bank’s stock worth $1,916,000 after purchasing an additional 7,291 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Heartland Financial USA by 5.0% during the 4th quarter. Empowered Funds LLC now owns 112,479 shares of the bank’s stock worth $6,896,000 after purchasing an additional 5,403 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Price Performance

NASDAQ HTLF opened at $64.67 on Friday. Heartland Financial USA, Inc. has a twelve month low of $41.69 and a twelve month high of $70.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. The stock has a 50-day simple moving average of $64.67 and a 200 day simple moving average of $64.72.

Analysts Set New Price Targets

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

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.