California State Teachers Retirement System Reduces Stake in Heartland Financial USA, Inc. (HTLF)

California State Teachers Retirement System lowered its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 5.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,506 shares of the bank’s stock after selling 2,439 shares during the quarter. California State Teachers Retirement System owned about 0.15% of Heartland Financial USA worth $2,049,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Heartland Financial USA by 5.2% during the second quarter. Vanguard Group Inc. now owns 1,026,054 shares of the bank’s stock worth $48,327,000 after buying an additional 50,528 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Heartland Financial USA by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,006,623 shares of the bank’s stock worth $47,413,000 after buying an additional 40,822 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Heartland Financial USA by 1.9% during the second quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock worth $44,403,000 after buying an additional 17,570 shares in the last quarter. State Street Corp raised its stake in Heartland Financial USA by 48.1% in the second quarter. State Street Corp now owns 626,086 shares of the bank’s stock valued at $29,489,000 after purchasing an additional 203,277 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Heartland Financial USA by 7.9% in the second quarter. Bank of New York Mellon Corp now owns 301,737 shares of the bank’s stock valued at $14,211,000 after purchasing an additional 22,115 shares in the last quarter. 45.95% of the stock is owned by institutional investors.

A number of research analysts recently commented on HTLF shares. Zacks Investment Research downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. FBR & Co set a $50.00 price target on Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price target on shares of Heartland Financial USA in a research note on Thursday, August 3rd. Finally, B. Riley set a $50.00 price target on Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $50.33.

Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at $48.65 on Wednesday. The company has a market capitalization of $1,437.56, a PE ratio of 16.27, a P/E/G ratio of 1.60 and a beta of 0.70. Heartland Financial USA, Inc. has a 52 week low of $40.95 and a 52 week high of $52.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. The business had revenue of $109.12 million during the quarter, compared to the consensus estimate of $115.81 million. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. Heartland Financial USA’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. equities analysts expect that Heartland Financial USA, Inc. will post 3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 16th. Heartland Financial USA’s dividend payout ratio is presently 14.92%.

COPYRIGHT VIOLATION WARNING: This news story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/11/15/california-state-teachers-retirement-system-reduces-stake-in-heartland-financial-usa-inc-htlf.html.

About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

Receive News & Ratings for Heartland Financial USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply