Heartland Financial USA (NASDAQ:HTLF) Now Covered by StockNews.com

StockNews.com started coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research report released on Saturday. The brokerage issued a hold rating on the bank’s stock.

Heartland Financial USA Price Performance

NASDAQ HTLF opened at $64.67 on Friday. Heartland Financial USA has a 12 month low of $41.69 and a 12 month high of $70.27. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The company’s 50 day moving average is $64.67 and its two-hundred day moving average is $64.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On Heartland Financial USA

Institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Heartland Financial USA by 5.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,576 shares of the bank’s stock valued at $1,997,000 after purchasing an additional 1,598 shares in the last quarter. Credit Industriel ET Commercial purchased a new stake in shares of Heartland Financial USA during the fourth quarter valued at $4,904,000. Focus Partners Advisor Solutions LLC boosted its stake in shares of Heartland Financial USA by 50.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 39,025 shares of the bank’s stock valued at $2,392,000 after purchasing an additional 13,020 shares during the period. Continuum Advisory LLC bought a new stake in shares of Heartland Financial USA in the fourth quarter valued at about $269,000. Finally, Squarepoint Ops LLC raised its holdings in shares of Heartland Financial USA by 99.4% in the fourth quarter. Squarepoint Ops LLC now owns 314,348 shares of the bank’s stock valued at $19,271,000 after acquiring an additional 156,699 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

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.