Here is the rundown on market activity for Heartland Financial USA, Inc. (NASDAQ:HTLF). Yesterday Director Kurt Saylor disclosed the sale of 8,000 shares of (HTLF). The shares were sold on September 26th for an average price of $35.26. Saylor now owns $3,376,780 of the stock according to the SEC filing.
Here are a few other firms who have also updated their positions. Royal Bank Of Canada trimmed its position by selling 4,272 shares a decrease of 21.5% from 03/31/2016 to 06/30/2016. Royal Bank Of Canada currently owns 15,592 shares worth $550,000. The value of the position overall is down by 10.1%. Schwab Charles Investment Management Inc augmented its holdings by buying 7,617 shares an increase of 9.9% in the quarter. Schwab Charles Investment Management Inc owns 84,577 shares with a value of $2,985,000. The total value of its holdings increased 23.7%.
American Century Companies Inc expanded its investment by buying 53,660 shares an increase of 105.4% as of 06/30/2016. American Century Companies Inc now holds 104,590 shares valued at $3,691,000. The total value of its holdings increased 135.4%. Metropolitan Life Insurance Co/ny added to its ownership by buying 3,162 shares an increase of 24.2%. Metropolitan Life Insurance Co/ny claims 16,236 shares valued at $573,000. The total value of its holdings increased 42.2%.
On July 27 Keefe Bruyette & Woods left the company rating at “Market Perform” but moved up the price target from $36.00 to $37.00. On July 26 the company was downgraded to “Hold” from “” by Sandler O'Neill.
On March 11 analysts at Piper Jaffray initiated coverage on HTLF with a rating of “Overweight” and setting a price target of $37.00. On January 26 the stock rating was upgraded from “Outperform” to “Strong Buy” in a report issued by RBC Capital.
On January 26 the company was upgraded to “Buy” from “Hold” in an announcement from Sandler O’Neill. July 28 investment analysts at Keefe Bruyette & Woods kept the company rating at “Market Perform” but raised the price target to $37.00 from $36.00.
The company is so far trading up by 0.48 percent from yesterday’s close. Heartland Financial USA, Inc. recently declared a dividend for shareholders that was paid on Friday September 2nd, 2016. The dividend payment was $0.100 per share for the quarter or $0.40 annualized. The dividend yield was $1.11. The ex-dividend date was set for Wednesday the 17th of August 2016.
Company chares are trading at $35.34 just below $36.19, the 50 day moving average and barely above the 200 day moving average of $34.39. The 50 day moving average went down by -2.36% and the 200 day average moved up $0.95.
The company’s P/E ratio is 11.61 and the market value is 867.42M. In the last earnings report the EPS was $3.04 and is projected to be $3.12 for the current year with 24,545,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.73 with next year’s EPS anticipated to be $3.09.
Traders are a little more bearish on Heartland Financial USA, Inc. of late if you watch the rise in short interest. The company recorded a rise in short interest from August 31, 2016 to September 15, 2016 of 0.03%. Short shares increased from 295,113 to 304,793 over that timeframe. Days to cover decreased -0.9 to 4.7 and the percentage of shorted shares was 0.01% on September 15.