Heartland Financial USA, Inc. (HTLF) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lessened its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,961 shares of the bank’s stock after selling 9,559 shares during the quarter. TIAA CREF Investment Management LLC owned 0.27% of Heartland Financial USA worth $4,290,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC acquired a new position in shares of Heartland Financial USA in the fourth quarter valued at approximately $182,000. Eqis Capital Management Inc. acquired a new position in shares of Heartland Financial USA in the fourth quarter valued at approximately $216,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Heartland Financial USA by 41.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock valued at $220,000 after buying an additional 1,288 shares during the period. Creative Planning acquired a new position in shares of Heartland Financial USA in the fourth quarter valued at approximately $260,000. Finally, UMB Bank N A MO acquired a new position in shares of Heartland Financial USA in the fourth quarter valued at approximately $351,000. Institutional investors own 52.45% of the company’s stock.

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Shares of HTLF opened at $54.25 on Friday. Heartland Financial USA, Inc. has a 12 month low of $42.10 and a 12 month high of $56.40. The firm has a market cap of $1,677.69, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.41 and a beta of 0.70. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.29.



Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, January 29th. The bank reported $0.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. Heartland Financial USA had a net margin of 16.16% and a return on equity of 9.64%. The business had revenue of $118.38 million during the quarter, compared to analysts’ expectations of $116.31 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. equities research analysts predict that Heartland Financial USA, Inc. will post 3.84 EPS for the current year.

In other Heartland Financial USA news, Director Kurt Saylor sold 10,000 shares of the company’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $52.35, for a total transaction of $523,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kelly J. Johnson sold 2,026 shares of the company’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $53.05, for a total transaction of $107,479.30. Following the sale, the executive vice president now directly owns 6,038 shares in the company, valued at $320,315.90. The disclosure for this sale can be found here. Insiders have sold 102,026 shares of company stock valued at $5,514,379 in the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Several research analysts recently commented on HTLF shares. ValuEngine upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Friday, January 5th. UBS cut shares of Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, January 9th. Raymond James restated an “outperform” rating and set a $58.00 target price on shares of Heartland Financial USA in a report on Tuesday, January 9th. They noted that the move was a valuation call. Finally, Piper Jaffray restated a “buy” rating and set a $63.00 target price on shares of Heartland Financial USA in a report on Tuesday, January 30th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $56.50.

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Heartland Financial USA Company Profile

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 accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.

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

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