Heartland Financial USA
Market Cap
US$1.9b
Last Updated
2020/02/19 00:08 UTC
Data Sources
Company Financials +
Executive Summary
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.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with solid track record and pays a dividend.
Similar Companies
Share Price & News
How has Heartland Financial USA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HTLF has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.1%
HTLF
-1.5%
US Banks
0.06%
US Market
1 Year Return
2.3%
HTLF
9.7%
US Banks
19.4%
US Market
Return vs Industry: HTLF underperformed the US Banks industry which returned 9.7% over the past year.
Return vs Market: HTLF underperformed the US Market which returned 19.4% over the past year.
Shareholder returns
| HTLF | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | -1.5% | 0.06% |
| 30 Day | 1.4% | -2.8% | 1.1% |
| 90 Day | 8.4% | 0.3% | 8.9% |
| 1 Year | 3.9%2.3% | 12.9%9.7% | 21.9%19.4% |
| 3 Year | 4.4%0.5% | 22.5%13.7% | 48.9%39.3% |
| 5 Year | 75.1%64.3% | 72.4%52.8% | 71.9%53.1% |
Price Volatility Vs. Market
How volatile is Heartland Financial USA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Here's What We Like About Heartland Financial USA, Inc. (NASDAQ:HTLF)'s Upcoming Dividend2 weeks ago | Simply Wall St
Heartland Financial USA, Inc. Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?4 weeks ago | Simply Wall St
Is Now An Opportune Moment To Examine Heartland Financial USA, Inc. (NASDAQ:HTLF)?Valuation
Is Heartland Financial USA undervalued compared to its fair value and its price relative to the market?
38.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HTLF ($50.28) is trading below our estimate of fair value ($81.41)
Significantly Below Fair Value: HTLF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HTLF is good value based on its PE Ratio (12.2x) compared to the Banks industry average (12.6x).
PE vs Market: HTLF is good value based on its PE Ratio (12.2x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: HTLF is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: HTLF is good value based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Heartland Financial USA forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
13.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HTLF's forecast earnings growth (13.2% per year) is above the savings rate (1.7%).
Earnings vs Market: HTLF's earnings (13.2% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: HTLF's earnings are forecast to grow, but not significantly.
Revenue vs Market: HTLF's revenue (9.7% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: HTLF's revenue (9.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HTLF's Return on Equity is forecast to be low in 3 years time (9.6%).
Next Steps
Past Performance
How has Heartland Financial USA performed over the past 5 years?
22.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HTLF has high quality earnings.
Growing Profit Margin: HTLF's current net profit margins (27.4%) are higher than last year (23.7%).
Past Earnings Growth Analysis
Earnings Trend: HTLF's earnings have grown significantly by 22.4% per year over the past 5 years.
Accelerating Growth: HTLF's earnings growth over the past year (27.5%) exceeds its 5-year average (22.4% per year).
Earnings vs Industry: HTLF earnings growth over the past year (27.5%) exceeded the Banks industry 12.3%.
Return on Equity
High ROE: HTLF's Return on Equity (9.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Heartland Financial USA's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: HTLF has a low level of unsold assets or inventory.
Debt Coverage by Assets: HTLF's debt is not covered by short term assets (assets are 1x debt).
Financial Institutions Analysis
Asset Level: HTLF's level of assets compared to its equity is low.
Allowance for Bad Loans: HTLF has a low allowance for bad loans.
Low Risk Liabilities: HTLF's liabilities are made up of primarily low risk sources of funding.
Loan Level: HTLF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HTLF's loans are broadly funded by customer deposits.
Level of Bad Loans: HTLF has an appropriate level of bad loans (0.96%)
Next Steps
Dividend
What is Heartland Financial USA's current dividend yield, its reliability and sustainability?
1.59%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HTLF's dividend (1.59%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: HTLF's dividend (1.59%) is low compared to the top 25% of dividend payers in the US market (3.7%).
Stability and Growth of Payments
Stable Dividend: HTLF's dividend payments have been volatile in the past 10 years.
Growing Dividend: HTLF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.4%), HTLF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HTLF's dividends in 3 years are forecast to be well covered by earnings (18.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Bruce Lee (58yo)
1.7yrs
Tenure
US$1,492,045
Compensation
Mr. Bruce K. Lee has been the President of Heartland Financial USA, Inc. since January 02, 2015 and has been it Director since May 17, 2017. He also serves as CEO of Heartland Financial USA, Inc. since Jun ...
CEO Compensation Analysis
Compensation vs Market: Bruce's total compensation ($USD1.49M) is below average for companies of similar size in the US market ($USD3.81M).
Compensation vs Earnings: Bruce's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 20.1yrs | US$1.37m | 2.97% $55.0m | |
| President | 1.7yrs | US$1.49m | 0.070% $1.3m | |
| Executive VP & CFO | 6.4yrs | US$783.07k | 0.057% $1.1m | |
| Executive VP & Chief Credit Officer | 4.1yrs | US$599.18k | 0.083% $1.5m | |
| Executive VP | 0.2yrs | no data | no data | |
| Executive VP | 4.1yrs | no data | 0.040% $749.3k | |
| Executive VP & Chief Information Officer | 1.1yrs | no data | no data | |
| Executive VP & Senior General Counsel | 10.9yrs | no data | 0.033% $603.7k | |
| Executive VP & Chief Marketing Officer | 2.5yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 2.2yrs | no data | 0.0022% $41.4k |
2.3yrs
Average Tenure
58.5yo
Average Age
Experienced Management: HTLF's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 20.1yrs | US$1.37m | 2.97% $55.0m | |
| President | 1.7yrs | US$1.49m | 0.070% $1.3m | |
| Independent Director | 19.1yrs | US$108.75k | 0.36% $6.6m | |
| Independent Vice Chairman of the Board | 19.1yrs | US$113.45k | 0.30% $5.6m | |
| Independent Vice Chairman of the Board | 15.1yrs | US$122.81k | 0.22% $4.2m | |
| Independent Director | 5.8yrs | US$108.40k | 0.14% $2.5m | |
| Independent Director | 6.8yrs | US$107.08k | 0.059% $1.1m | |
| Director | 6.3yrs | US$96.74k | 0.44% $8.1m | |
| Director | 3.1yrs | US$96.37k | 0.18% $3.3m | |
| Independent Director | 1.6yrs | US$87.17k | 0.011% $200.9k |
6.5yrs
Average Tenure
63.5yo
Average Age
Experienced Board: HTLF's board of directors are considered experienced (6.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.2%.
Top Shareholders
Company Information
Heartland Financial USA, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Heartland Financial USA, Inc.
- Ticker: HTLF
- Exchange: NasdaqGS
- Founded: 1981
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.857b
- Shares outstanding: 36.70m
- Website: https://www.htlf.com
Number of Employees
Location
- Heartland Financial USA, Inc.
- 1398 Central Avenue
- Dubuque
- Iowa
- 52001
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HTLF | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Jul 1995 |
| 1H4 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jul 1995 |
Biography
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. The company also offers commercial and industrial loans; commercial real estate loans; real estate mortgage loans; small business loans; agricultural loans; consumer loans comprising motor vehicle loans, home improvement loans, home equity line of credit, and fixed rate home equity and personal lines of credit; and credit cards for commercial, business, and personal use. In addition, it provides online banking, mobile banking, telephone banking, bill payment, automated clearing house, wire transfer, zero balance account, transaction reporting, lock box, remote deposit capture, accounts receivable, investment sweep account, reconciliation, treasury management, foreign exchange, and various fraud prevention services, as well as commercial purchasing and merchant credit cards, debit cards, and automated teller machines. Further, the company offers investment services, such as mutual funds, annuities, retirement products, education savings products, brokerage services, employer sponsored plans, and insurance products, as well as vehicle, property and casualty, and life and disability insurance products. Additionally, it is involved in the community development, consumer finance, multi-line insurance agency, and property management businesses. The company operates through a network of 119 banking locations in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas, and California. Heartland Financial USA, Inc. was founded in 1981 and is headquartered in Dubuque, Iowa.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 00:08 |
| End of Day Share Price | 2020/02/18 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.