Slotnik Capital LLC Lowers Stock Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Slotnik Capital LLC trimmed its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 61.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 135,430 shares of the bank’s stock after selling 218,104 shares during the period. Heartland Financial USA accounts for approximately 3.8% of Slotnik Capital LLC’s portfolio, making the stock its 10th largest holding. Slotnik Capital LLC’s holdings in Heartland Financial USA were worth $8,303,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Heartland Financial USA by 77.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock valued at $57,000 after buying an additional 406 shares in the last quarter. USA Financial Formulas lifted its holdings in shares of Heartland Financial USA by 90.4% in the fourth quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock worth $124,000 after acquiring an additional 958 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Heartland Financial USA by 204.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock valued at $198,000 after purchasing an additional 2,174 shares in the last quarter. Net Worth Advisory Group bought a new stake in shares of Heartland Financial USA during the 4th quarter valued at approximately $200,000. Finally, HighTower Advisors LLC acquired a new position in Heartland Financial USA during the 3rd quarter worth approximately $225,000. 71.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Heartland Financial USA in a research report on Monday. They set a “hold” rating on the stock.

Heartland Financial USA Stock Down 2.2 %

Shares of NASDAQ HTLF opened at $64.67 on Thursday. The company has a 50 day simple moving average of $64.90 and a 200 day simple moving average of $63.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Heartland Financial USA, Inc. has a 1 year low of $32.97 and a 1 year high of $70.27. The firm has a market cap of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98.

Heartland Financial USA Profile

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.