Heartland Financial USA (NASDAQ:HTLF) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a report published on Sunday. The firm issued a hold rating on the bank’s stock.

Heartland Financial USA Stock Down 2.2%

Shares of HTLF stock opened at $64.67 on Friday. The stock has a 50 day moving average of $64.67 and a 200 day moving average of $64.76. 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 cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. Heartland Financial USA has a twelve month low of $41.69 and a twelve month high of $70.27.

Institutional Trading of Heartland Financial USA

Institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in Heartland Financial USA by 77.8% in 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 period. Sterling Capital Management LLC grew its holdings in Heartland Financial USA by 821.4% in the fourth quarter. Sterling Capital Management LLC now owns 1,336 shares of the bank’s stock valued at $82,000 after purchasing an additional 1,191 shares during the period. Steward Partners Investment Advisory LLC grew its holdings 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 period. Net Worth Advisory Group acquired a new stake in Heartland Financial USA in the fourth quarter valued at approximately $200,000. Finally, EP Wealth Advisors LLC acquired a new stake in Heartland Financial USA in the fourth quarter valued at approximately $206,000. 71.55% of the stock is owned by institutional investors and hedge funds.

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.