There has been some selling insider activity on Heartland Financial USA, Inc. (NASDAQ:HTLF) recently. Kurt Saylor, Director let go of $510,980 worth of shares at an average price of $35.24 on September 27th. Saylor now owns $3,226,680 of stock per an SEC filing yesterday.
Here are some other firms who have updated their holdings. As of quarter end Royal Bank Of Canada had sold 4,272 shares trimming its holdings by 21.5%. The value of the company’s investment in Heartland Financial USA, Inc. went from $612,000 to $550,000 a change of $62,000 quarter to quarter. As of the end of the quarter Schwab Charles Investment Management Inc had acquired a total of 7,617 shares growing its position 9.9%. The value of the investment in HTLF increased from $2,414,000 to $2,985,000 a change of 23.7% for the reporting period.
As of the end of the quarter American Century Companies Inc had acquired a total of 53,660 shares growing its stake by 105.4%. The value of the investment in (HTLF) increased from $1,568,000 to $3,691,000 increasing 135.4% quarter over quarter. As of the end of the quarter Metropolitan Life Insurance Co/ny had acquired 3,162 shares growing its position 24.2%. The value of the total investment in Heartland Financial USA, Inc. increased from $403,000 to $573,000 a change of 42.2% since the last quarter.
On July 27 Keefe Bruyette & Woods made no change to the stock rating of “Market Perform” but raised the price target from $36.00 to $37.00. On July 26, 2016 the stock rating was changed to a “Hold” by Sandler O'Neill a cut from the previous “” rating.
On March 11 analysts at Piper Jaffray started covering the stock with a rating of “Overweight” and setting a price target of $37.00. On January 26 the company was upgraded from “Outperform” to “Strong Buy” in an announcement from RBC Capital.
On January 26 the stock rating was upgraded to “Buy” from “Hold” by Sandler O’Neill. July 28 investment analysts at Keefe Bruyette & Woods kept the stock rating at “Market Perform” but moved up the price target to $37.00 from $36.00.
The company is so far trading down by -0.18% since yesterday’s close of $35.34. Additionally Heartland Financial USA, Inc. recently declared a dividend paid on Friday the 2nd of September 2016. The dividend was $0.100 per share for the quarter which is $0.40 annualized. This dividend amount was represent a yeild of $1.11. The ex-dividend date was Wednesday the 17th of August 2016.
Shares of the company are trading at $35.28 which is slightly below $36.16, the 50 day moving average and a tad above the 200 day moving average of $34.41. The 50 day moving average was down $-0.88 and the 200 day average went up $0.86 or +2.506%.
Heartland Financial USA, Inc.’s P/E ratio is 11.592 and market cap is 865.82M. In the latest earnings report the EPS was $3.04 and is estimated to be $3.12 for the current year with 24,545,000 shares outstanding. Next quarter’s EPS is expected be $0.73 and the next full year EPS is anticipated to be $3.09.
Traders are a little more bearish on Heartland Financial USA, Inc. of late as evidenced by the rise in short interest. The stock recorded a rise in short interest between August 31, 2016 and September 15, 2016 of 0.03%. Short shares grew 9,680 over that timeframe. The days to cover decreased to 4.7 and the percentage of shorted shares is 0.01% as of September 15.