Heartland Financial USA, Inc. (NASDAQ:HTLF) Stake Raised by HBK Investments L P

HBK Investments L P grew its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 42.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,558 shares of the bank’s stock after purchasing an additional 7,074 shares during the period. HBK Investments L P owned approximately 0.05% of Heartland Financial USA worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Westchester Capital Management LLC lifted its holdings in shares of Heartland Financial USA by 72.7% during the fourth quarter. Westchester Capital Management LLC now owns 1,006,891 shares of the bank’s stock valued at $61,727,000 after purchasing an additional 424,011 shares during the last quarter. Credit Industriel ET Commercial acquired a new stake in Heartland Financial USA during the 4th quarter worth about $4,904,000. Price T Rowe Associates Inc. MD lifted its stake in Heartland Financial USA by 56.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,810 shares of the bank’s stock valued at $2,380,000 after buying an additional 13,940 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Heartland Financial USA in the fourth quarter worth about $569,000. Finally, IHT Wealth Management LLC purchased a new position in shares of Heartland Financial USA in the fourth quarter worth approximately $875,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Heartland Financial USA Stock Performance

Shares of HTLF stock opened at $64.67 on Friday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. Heartland Financial USA, Inc. has a 1-year low of $34.25 and a 1-year 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’s fifty day simple moving average is $64.67 and its 200-day simple moving average is $63.98.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Heartland Financial USA in a research report on Thursday. They issued a “hold” rating for the company.

About Heartland Financial USA

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.