Cutler Capital Management adds Heartland Financial USA Inc (HTLF) to its portfolio

Heartland Financial USA Inc (HTLF) : Cutler Capital Management added new position in Heartland Financial USA Inc during the most recent quarter end. The investment management firm now holds 10,000 shares of Heartland Financial USA Inc which is valued at $370,400 , the company said in a statement filed on Jul 26, 2016 with the SEC.Heartland Financial USA Inc makes up approximately 0.27% of Cutler Capital Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in HTLF in the latest quarter, The investment management firm added 53,660 additional shares and now holds a total of 104,590 shares of Heartland Financial USA Inc which is valued at $3,874,014.Shell Asset Management Co reduced its stake in HTLF by selling 1,338 shares or 5.39% in the most recent quarter. The Hedge Fund company now holds 23,466 shares of HTLF which is valued at $869,181. Heartland Financial USA Inc makes up approx 0.02% of Shell Asset Management Co’s portfolio. Bnp Paribas Arbitrage Sa added HTLF to its portfolio by purchasing 967 company shares during the most recent quarter which is valued at $33,555.

Heartland Financial USA Inc closed down -0.29 points or -0.78% at $36.72 with 93,509 shares getting traded on Friday. Post opening the session at $36.89, the shares hit an intraday low of $36.66 and an intraday high of $37.16 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Investors should note that on Jul 21, 2016, Heartland Financial USA Inc announced a cash dividend of $0.1000. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 2, 2016.

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.

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