Short Interest in Heartland Financial USA, Inc. (NASDAQ:HTLFP) Drops By 8.3%

Heartland Financial USA, Inc. (NASDAQ:HTLFP) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 2,200 shares, a decrease of 8.3% from the August 15th total of 2,400 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Heartland Financial USA stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLFP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,300 shares of the company’s stock, valued at approximately $83,000.

Heartland Financial USA Stock Performance

Shares of Heartland Financial USA stock traded down $0.06 on Wednesday, hitting $25.39. 1,919 shares of the company traded hands, compared to its average volume of 4,582. Heartland Financial USA has a 12-month low of $22.74 and a 12-month high of $26.20. The firm’s 50-day simple moving average is $25.32 and its 200 day simple moving average is $25.17.

Heartland Financial USA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.89%.

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.