Phocas Financial Corp. Reduces Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Phocas Financial Corp. lessened its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 85.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,391 shares of the bank’s stock after selling 70,302 shares during the period. Phocas Financial Corp.’s holdings in Heartland Financial USA were worth $760,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Heartland Financial USA by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,456,428 shares of the bank’s stock worth $82,579,000 after acquiring an additional 53,755 shares during the period. Geode Capital Management LLC raised its stake in Heartland Financial USA by 4.9% in the third quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock worth $58,036,000 after buying an additional 47,480 shares in the last quarter. Westchester Capital Management LLC raised its position in shares of Heartland Financial USA by 260.1% in the 3rd quarter. Westchester Capital Management LLC now owns 582,880 shares of the bank’s stock worth $33,049,000 after acquiring an additional 421,000 shares in the last quarter. Slotnik Capital LLC grew its stake in Heartland Financial USA by 14.6% in the third quarter. Slotnik Capital LLC now owns 353,534 shares of the bank’s stock valued at $20,045,000 after purchasing an additional 45,000 shares during the last quarter. Finally, Stieven Capital Advisors L.P. grew its position in shares of Heartland Financial USA by 6.1% in the 4th quarter. Stieven Capital Advisors L.P. now owns 343,364 shares of the bank’s stock worth $21,050,000 after buying an additional 19,787 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Heartland Financial USA Trading Down 2.2 %

HTLF stock opened at $64.67 on Wednesday. The business’s 50-day moving average is $63.84 and its 200 day moving average is $61.12. Heartland Financial USA, Inc. has a 12-month low of $32.03 and a 12-month high of $70.27. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98.

Heartland Financial USA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, January 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. Heartland Financial USA’s dividend payout ratio is presently 67.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a report on Wednesday, February 19th. They set a “hold” rating on the stock.

Insider Buying and Selling at Heartland Financial USA

In other news, Director Jennifer K. Hopkins sold 5,811 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $67.56, for a total transaction of $392,591.16. Following the completion of the transaction, the director now directly owns 6,963 shares in the company, valued at $470,420.28. This trade represents a 45.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

Heartland Financial USA Company 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.