Heartland Financial USA Inc (NASDAQ:HTLF) Short Interest Up 18.1% in May

Heartland Financial USA Inc (NASDAQ:HTLF) saw a significant increase in short interest in May. As of May 29th, there was short interest totalling 356,000 shares, an increase of 18.1% from the May 14th total of 301,400 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 161,800 shares, the short-interest ratio is presently 2.2 days.

NASDAQ HTLF traded up $0.98 during trading hours on Friday, hitting $31.96. 137,591 shares of the company traded hands, compared to its average volume of 116,269. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.75. The business’s 50-day moving average is $31.53 and its 200-day moving average is $40.36. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.27 and a beta of 1.22. Heartland Financial USA has a twelve month low of $25.26 and a twelve month high of $51.85.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, April 27th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.21). Heartland Financial USA had a return on equity of 10.02% and a net margin of 21.51%. The company had revenue of $138.33 million for the quarter, compared to the consensus estimate of $138.52 million. During the same quarter in the prior year, the company earned $0.91 EPS. Analysts predict that Heartland Financial USA will post 3.04 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, May 14th. Heartland Financial USA’s dividend payout ratio is currently 19.32%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP lifted its stake in Heartland Financial USA by 8.0% in the 1st quarter. First Trust Advisors LP now owns 123,546 shares of the bank’s stock valued at $5,269,000 after purchasing an additional 9,193 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Heartland Financial USA during the first quarter worth $124,000. California Public Employees Retirement System lifted its stake in shares of Heartland Financial USA by 11.8% in the 4th quarter. California Public Employees Retirement System now owns 109,307 shares of the bank’s stock valued at $5,437,000 after acquiring an additional 11,541 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Heartland Financial USA during the 4th quarter valued at $356,000. Finally, US Bancorp DE grew its position in Heartland Financial USA by 4.4% during the 4th quarter. US Bancorp DE now owns 28,013 shares of the bank’s stock worth $1,393,000 after acquiring an additional 1,192 shares during the last quarter. 55.96% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on HTLF shares. Zacks Investment Research upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. BidaskClub downgraded shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. ValuEngine lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, DA Davidson raised their target price on shares of Heartland Financial USA from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.75.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.

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