On September 10, 2024, Christopher Hylen, a Director at Heartland Financial USA Inc (NASDAQ:HTLF), executed a sale of 4,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now directly owns 3,500 shares of the company.
Heartland Financial USA Inc (NASDAQ:HTLF) is a financial services company that operates through its bank subsidiaries, providing a broad range of banking, mortgage, wealth management, investment, insurance, and consumer finance services to individuals and businesses.
Over the past year, Christopher Hylen has sold a total of 4,000 shares and has not made any purchases of the company’s stock. The insider transaction history for Heartland Financial USA Inc shows a pattern of more insider sales than buys over the past year, with 9 insider sells and 4 insider buys.
On the day of the sale, shares of Heartland Financial USA Inc were trading at $54.41, giving the company a market cap of approximately $2.34 billion. The price-earnings ratio of the company stood at 38.31, significantly higher than the industry median of 10.075 and above the company’s historical median.
According to the GF Value, an intrinsic value estimate developed by GuruFocus, Heartland Financial USA Inc is considered significantly overvalued with a price-to-GF-Value ratio of 1.34. The GF Value of $40.52 is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This recent insider sale might interest investors tracking insider behaviors, especially in the context of the company’s valuation metrics and stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
Read More: Director Christopher Hylen Sells Shares of Heartland Financial USA Inc
