Short Interest in Heartland Financial USA, Inc. (NASDAQ:HTLF) Increases By 5.8%

Heartland Financial USA, Inc. (NASDAQ:HTLFGet Rating) saw a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 436,600 shares, an increase of 5.8% from the December 15th total of 412,600 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 134,200 shares, the short-interest ratio is presently 3.3 days.

Heartland Financial USA Price Performance

Shares of NASDAQ:HTLF opened at $45.88 on Wednesday. Heartland Financial USA has a twelve month low of $39.27 and a twelve month high of $53.58. The stock has a market capitalization of $1.95 billion, a PE ratio of 9.78 and a beta of 1.05. The firm’s 50 day moving average price is $47.03 and its 200-day moving average price is $46.02. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.24.

Heartland Financial USA (NASDAQ:HTLFGet Rating) last released its quarterly earnings data on Monday, October 31st. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.06. Heartland Financial USA had a net margin of 27.90% and a return on equity of 11.88%. The firm had revenue of $185.06 million for the quarter, compared to analysts’ expectations of $183.57 million. During the same quarter last year, the business posted $1.31 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts expect that Heartland Financial USA will post 4.76 EPS for the current year.

Heartland Financial USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Friday, February 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.62%. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, February 9th. Heartland Financial USA’s dividend payout ratio (DPR) is 23.88%.

Analyst Upgrades and Downgrades

HTLF has been the subject of a number of research reports. Piper Sandler boosted their price target on shares of Heartland Financial USA to $55.00 in a research note on Friday, November 4th. DA Davidson upped their price objective on shares of Heartland Financial USA to $52.00 in a report on Friday, November 4th. StockNews.com downgraded shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Saturday, January 14th. Finally, Keefe, Bruyette & Woods downgraded shares of Heartland Financial USA from an “outperform” rating to a “market perform” rating and set a $54.00 target price on the stock. in a research report on Monday, December 12th.

Institutional Trading of Heartland Financial USA

Institutional investors and hedge funds have recently made changes to their positions in the company. Ziegler Capital Management LLC boosted its position in Heartland Financial USA by 5.3% in the third quarter. Ziegler Capital Management LLC now owns 36,712 shares of the bank’s stock valued at $1,592,000 after buying an additional 1,850 shares during the last quarter. Swiss National Bank grew its holdings in shares of Heartland Financial USA by 5.0% during the 2nd quarter. Swiss National Bank now owns 99,600 shares of the bank’s stock worth $4,137,000 after purchasing an additional 4,700 shares during the period. Martingale Asset Management L P boosted its holdings in Heartland Financial USA by 7.2% during the 2nd quarter. Martingale Asset Management L P now owns 63,602 shares of the bank’s stock valued at $2,644,000 after acquiring an additional 4,254 shares during the period. US Bancorp DE boosted its holdings in Heartland Financial USA by 3.5% during the 3rd quarter. US Bancorp DE now owns 16,045 shares of the bank’s stock valued at $696,000 after acquiring an additional 537 shares during the period. Finally, Bailard Inc. raised its position in Heartland Financial USA by 3.1% in the 2nd quarter. Bailard Inc. now owns 16,725 shares of the bank’s stock valued at $695,000 after purchasing an additional 500 shares in the last quarter. 62.33% of the stock is currently owned by institutional investors.

Heartland Financial USA Company Profile

(Get Rating)

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits.

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