Algert Global LLC Has $1.39 Million Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Algert Global LLC increased its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 31.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,679 shares of the bank’s stock after buying an additional 5,413 shares during the period. Algert Global LLC owned 0.05% of Heartland Financial USA worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in HTLF. Integrated Investment Consultants LLC lifted its position in shares of Heartland Financial USA by 2.0% during the 4th quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock valued at $533,000 after acquiring an additional 170 shares during the period. Summit Investment Advisors Inc. lifted its position in Heartland Financial USA by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,436 shares of the bank’s stock worth $272,000 after purchasing an additional 233 shares during the period. Steele Capital Management Inc. grew its stake in Heartland Financial USA by 2.4% during the fourth quarter. Steele Capital Management Inc. now owns 10,496 shares of the bank’s stock worth $643,000 after buying an additional 250 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in Heartland Financial USA by 0.7% in the 4th quarter. Wolverine Asset Management LLC now owns 41,342 shares of the bank’s stock valued at $2,534,000 after buying an additional 300 shares during the period. Finally, Handelsbanken Fonder AB raised its position in shares of Heartland Financial USA by 4.6% in the 4th quarter. Handelsbanken Fonder AB now owns 6,837 shares of the bank’s stock valued at $419,000 after buying an additional 300 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Heartland Financial USA in a research note on Saturday. They issued a “hold” rating on the stock.

Heartland Financial USA Stock Performance

NASDAQ:HTLF opened at $64.67 on Friday. Heartland Financial USA, Inc. has a twelve month low of $41.69 and a twelve month 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 stock’s 50-day simple moving average is $64.67 and its 200 day simple moving average is $64.44. The firm has a market capitalization of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98.

Heartland Financial USA Profile

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.