Empowered Funds LLC Purchases 5,360 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Empowered Funds LLC increased its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 5.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 107,076 shares of the bank’s stock after purchasing an additional 5,360 shares during the period. Empowered Funds LLC owned 0.25% of Heartland Financial USA worth $6,071,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas increased its holdings in shares of Heartland Financial USA by 28.0% during the 3rd quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock worth $60,000 after acquiring an additional 232 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Heartland Financial USA by 2.2% in the second quarter. Arizona State Retirement System now owns 11,378 shares of the bank’s stock valued at $506,000 after purchasing an additional 240 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Heartland Financial USA by 0.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 30,978 shares of the bank’s stock valued at $1,756,000 after purchasing an additional 245 shares during the period. ProShare Advisors LLC raised its position in shares of Heartland Financial USA by 8.5% in the first quarter. ProShare Advisors LLC now owns 7,600 shares of the bank’s stock valued at $267,000 after purchasing an additional 598 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Heartland Financial USA by 4.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,119 shares of the bank’s stock worth $983,000 after buying an additional 984 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Heartland Financial USA Price Performance

NASDAQ:HTLF opened at $65.58 on Friday. Heartland Financial USA, Inc. has a 52 week low of $29.67 and a 52 week high of $69.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.76. The firm’s 50-day simple moving average is $58.79 and its 200 day simple moving average is $51.47. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 36.64 and a beta of 0.94.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, hitting the consensus estimate of $1.17. The company had revenue of $272.79 million for the quarter, compared to analysts’ expectations of $189.51 million. Heartland Financial USA had a net margin of 8.79% and a return on equity of 10.81%. During the same period last year, the firm earned $1.12 earnings per share. As a group, sell-side analysts predict that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current year.

Heartland Financial USA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.83%. Heartland Financial USA’s payout ratio is 67.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a report on Saturday. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.60.

Insider Transactions at Heartland Financial USA

In related news, Director John K. Schmidt sold 22,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the completion of the sale, the director now owns 60,541 shares of the company’s stock, valued at $4,136,161.12. This represents a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

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.