Heartland Financial USA Inc (HTLF) : At Bancorp reduced its stake in Heartland Financial USA Inc by 21.36% during the most recent quarter end. The investment management company now holds a total of 93,269 shares of Heartland Financial USA Inc which is valued at $3,460,280 after selling 25,338 shares in Heartland Financial USA Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Heartland Financial USA Inc makes up approximately 0.48% of At Bancorp’s portfolio.
Other Hedge Funds, Including , Creative Planning reduced its stake in HTLF by selling 7,340 shares or 93.62% in the most recent quarter. The Hedge Fund company now holds 500 shares of HTLF which is valued at $18,540.Legal General Group Plc reduced its stake in HTLF by selling 247 shares or 8.17% in the most recent quarter. The Hedge Fund company now holds 2,777 shares of HTLF which is valued at $102,971. Cutler Group Lp added HTLF to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $3,728.Bnp Paribas Arbitrage Sa boosted its stake in HTLF in the latest quarter, The investment management firm added 633 additional shares and now holds a total of 1,600 shares of Heartland Financial USA Inc which is valued at $59,216.
Heartland Financial USA Inc closed down -0.2 points or -0.54% at $37.08 with 39,467 shares getting traded on Tuesday. Post opening the session at $37.35, the shares hit an intraday low of $36.75 and an intraday high of $37.4 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Heartland Financial USA Inc reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.77. The company had revenue of $104.14 million for the quarter, compared to analysts expectations of $104.36 million. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Many Wall Street Analysts have commented on Heartland Financial USA Inc. Company shares were Reiterated by DA Davidson on Jul 26, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .Heartland Financial USA Inc was Downgraded by Sandler O’Neill to ” Hold” on Jul 26, 2016.
Heartland Financial USA Inc. (Heartland) is a multi-bank holding company. The Company operates through two business segments community and other banking and retail mortgage banking. The community and other banking segment involve making loans to and generating deposits from individuals and businesses in the markets where Heartland has banks. The retail mortgage banking segment involves the origination of residential loans and subsequent sale of those loans to investors. The Company conducts its community banking business through independently chartered community banks (collectively the Bank Subsidiaries) in the states of Iowa Illinois Wisconsin New Mexico Arizona Montana Colorado Minnesota Missouri and Kansas. The Bank Subsidiaries provides banking services such as commercial banking small business banking agricultural loans residential real estate mortgage lending retail banking consumer finance and wealth management and retirement plan services.