Public Employees Retirement System of Ohio Has $158,000 Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Public Employees Retirement System of Ohio lessened its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 29.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,383 shares of the bank’s stock after selling 2,210 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Heartland Financial USA were worth $158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in Heartland Financial USA by 46.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,031 shares of the bank’s stock valued at $48,000 after purchasing an additional 329 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in Heartland Financial USA by 10.5% in the second quarter. Ameritas Investment Partners Inc. now owns 3,493 shares of the bank’s stock valued at $97,000 after purchasing an additional 332 shares during the last quarter. Signaturefd LLC increased its holdings in Heartland Financial USA by 66.3% in the third quarter. Signaturefd LLC now owns 875 shares of the bank’s stock valued at $26,000 after purchasing an additional 349 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Heartland Financial USA by 2.3% in the second quarter. BNP Paribas Arbitrage SA now owns 16,601 shares of the bank’s stock valued at $690,000 after purchasing an additional 366 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its holdings in Heartland Financial USA by 7.3% in the first quarter. Snowden Capital Advisors LLC now owns 5,443 shares of the bank’s stock valued at $209,000 after purchasing an additional 371 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Stock Up 1.1 %

NASDAQ:HTLF opened at $35.15 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $1.50 billion, a PE ratio of 20.80 and a beta of 1.05. Heartland Financial USA, Inc. has a 52-week low of $26.10 and a 52-week high of $39.72. The stock has a 50-day simple moving average of $34.39 and a 200 day simple moving average of $32.97.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.40. Heartland Financial USA had a return on equity of 11.56% and a net margin of 8.57%. The business had revenue of $144.09 million during the quarter, compared to the consensus estimate of $178.60 million. During the same period last year, the company earned $1.37 earnings per share. On average, sell-side analysts expect that Heartland Financial USA, Inc. will post 4.45 EPS for the current fiscal year.

Heartland Financial USA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Monday, February 12th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.20 annualized dividend and a yield of 3.41%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 71.01%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Stephens reiterated an “overweight” rating and issued a $45.00 price objective on shares of Heartland Financial USA in a report on Tuesday, January 30th. Piper Sandler increased their price target on Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. TheStreet downgraded Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Finally, Raymond James upgraded Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price target for the company in a report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.80.

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.