MidWestOne Financial Group Inc. Sells 2,400 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

MidWestOne Financial Group Inc. reduced its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,046 shares of the bank’s stock after selling 2,400 shares during the period. Heartland Financial USA comprises approximately 0.9% of MidWestOne Financial Group Inc.’s portfolio, making the stock its 14th biggest holding. MidWestOne Financial Group Inc. owned about 0.24% of Heartland Financial USA worth $6,256,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of Heartland Financial USA by 65.5% in the 3rd quarter. Barclays PLC now owns 84,767 shares of the bank’s stock valued at $4,807,000 after purchasing an additional 33,533 shares in the last quarter. Tanager Wealth Management LLP bought a new position in shares of Heartland Financial USA during the fourth quarter valued at about $256,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Heartland Financial USA by 30.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,035 shares of the bank’s stock valued at $1,916,000 after buying an additional 7,291 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Heartland Financial USA by 5.0% in the fourth quarter. Empowered Funds LLC now owns 112,479 shares of the bank’s stock worth $6,896,000 after buying an additional 5,403 shares during the period. Finally, ABC Arbitrage SA bought a new stake in shares of Heartland Financial USA in the 4th quarter valued at about $4,506,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Heartland Financial USA in a research note on Sunday. They issued a “hold” rating on the stock.

Heartland Financial USA Stock Down 2.2%

Shares of NASDAQ HTLF opened at $64.67 on Wednesday. The firm’s fifty day moving average is $64.67 and its 200 day moving average is $64.80. Heartland Financial USA, Inc. has a 52 week low of $41.69 and a 52 week 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 company has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98.

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.