Cibc World Markets Corp Takes Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Cibc World Markets Corp bought a new position in Heartland Financial USA, Inc. (NASDAQ:HTLF) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,968 shares of the bank’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Heartland Financial USA by 10.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock valued at $98,191,000 after buying an additional 145,255 shares during the period. Geode Capital Management LLC increased its stake in shares of Heartland Financial USA by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock worth $58,036,000 after purchasing an additional 47,480 shares during the last quarter. Westchester Capital Management LLC increased its stake in shares of Heartland Financial USA by 260.1% during the 3rd quarter. Westchester Capital Management LLC now owns 582,880 shares of the bank’s stock worth $33,049,000 after purchasing an additional 421,000 shares during the last quarter. Slotnik Capital LLC raised its holdings in shares of Heartland Financial USA by 14.6% during the 3rd 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 in the last quarter. Finally, Stieven Capital Advisors L.P. lifted its stake 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 valued at $21,050,000 after purchasing an additional 19,787 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Heartland Financial USA Stock Down 2.2 %

Shares of Heartland Financial USA stock opened at $64.67 on Wednesday. Heartland Financial USA, Inc. has a 12-month low of $32.97 and a 12-month high of $70.27. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of $65.03 and a two-hundred day moving average price of $62.68. The stock has a market capitalization of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98.

Heartland Financial USA Dividend Announcement

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

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.