Heartland Financial USA
Market Cap
US$1.6b
Last Updated
2021/01/21 23:22 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet average dividend payer.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: HTLF's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-1.3%
HTLF
-5.3%
US Banks
1.4%
US Market
1 Year Return
-7.1%
HTLF
-8.4%
US Banks
22.6%
US Market
Return vs Industry: HTLF matched the US Banks industry which returned -7.2% over the past year.
Return vs Market: HTLF underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| HTLF | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -5.3% | 1.4% |
| 30 Day | 12.4% | 9.9% | 4.9% |
| 90 Day | 26.9% | 29.9% | 14.6% |
| 1 Year | -5.0%-7.1% | -5.0%-8.4% | 25.4%22.6% |
| 3 Year | -15.1%-19.1% | -2.1%-10.5% | 46.8%37.0% |
| 5 Year | 64.7%53.1% | 82.1%59.0% | 132.0%106.1% |
Long-Term 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
4 days ago | Simply Wall St
How Does Heartland Financial USA, Inc. (NASDAQ:HTLF) Fare As A Dividend Stock?1 month ago | Simply Wall St
What You Need To Know About Heartland Financial USA, Inc.'s (NASDAQ:HTLF) Investor Composition1 month ago | Simply Wall St
Have Insiders Been Buying Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares?Valuation
Is Heartland Financial USA undervalued compared to its fair value and its price relative to the market?
20.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HTLF ($44.69) is trading below our estimate of fair value ($55.97)
Significantly Below Fair Value: HTLF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HTLF's PE Ratio (12.3x) is in line with the US Banks industry average.
PE vs Market: HTLF is good value based on its PE Ratio (12.3x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: HTLF is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: HTLF's PB Ratio (1x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is Heartland Financial USA forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
8.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HTLF's forecast earnings growth (8.5% per year) is above the savings rate (2%).
Earnings vs Market: HTLF's earnings (8.5% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: HTLF's earnings are forecast to grow, but not significantly.
Revenue vs Market: HTLF's revenue (6.2% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: HTLF's revenue (6.2% 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 (7.7%).
Next Steps
Past Performance
How has Heartland Financial USA performed over the past 5 years?
18.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HTLF has high quality earnings.
Growing Profit Margin: HTLF's current net profit margins (25.6%) are lower than last year (26.7%).
Past Earnings Growth Analysis
Earnings Trend: HTLF's earnings have grown by 18.9% per year over the past 5 years.
Accelerating Growth: HTLF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HTLF had negative earnings growth (-6.9%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).
Return on Equity
High ROE: HTLF's Return on Equity (7.5%) is considered low.
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
Financial Institutions Analysis
Asset Level: HTLF's Assets to Equity ratio (8.6x) is low.
Allowance for Bad Loans: HTLF has a sufficient allowance for bad loans (128%).
Low Risk Liabilities: 93% of HTLF's liabilities are made up of primarily low risk sources of funding.
Loan Level: HTLF has an appropriate level of Loans to Assets ratio (58%).
Low Risk Deposits: HTLF's Loans to Deposits ratio (70%) is appropriate.
Level of Bad Loans: HTLF has an appropriate level of bad loans (0.9%).
Next Steps
Dividend
What is Heartland Financial USA current dividend yield, its reliability and sustainability?
1.79%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HTLF's dividend (1.79%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: HTLF's dividend (1.79%) is low compared to the top 25% of dividend payers in the US market (3.86%).
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 (21.6%), 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 (21.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Bruce Lee (59 yo)
2.58yrs
Tenure
US$1,979,941
Compensation
Mr. Bruce K. Lee has been the President of Heartland Financial USA, Inc. since January 02, 2015 and has been it Director since May 17, 2017. He also serves as CEO of Heartland Financial USA, Inc. since Jun...
CEO Compensation Analysis
Compensation vs Market: Bruce's total compensation ($USD1.98M) is below average for companies of similar size in the US market ($USD3.86M).
Compensation vs Earnings: Bruce's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Operating Chairman of the Board | 21yrs | US$1.50m | 2.98% $ 49.1m | |
| President | 2.58yrs | US$1.98m | 0.089% $ 1.5m | |
| Executive VP & CFO | 7.33yrs | US$911.49k | 0.061% $ 1.0m | |
| Executive VP & Head of Commercial Banking | 2.17yrs | US$744.01k | 0.010% $ 172.4k | |
| Executive Vice President of Operations | no data | no data | no data | |
| Executive VP | 5yrs | no data | 0.042% $ 689.4k | |
| Executive VP & Chief Information Officer | 2yrs | no data | no data | |
| Executive VP & Chief Marketing Officer | 3.42yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 3.08yrs | no data | 0.0043% $ 70.2k | |
| Senior VP of Information Services | 11.75yrs | no data | no data | |
| Senior Vice President of Credit Administration | 11.75yrs | no data | no data | |
| Senior Vice President of Credit Administration | 11.75yrs | no data | no data |
3.4yrs
Average Tenure
59yo
Average Age
Experienced Management: HTLF's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Operating Chairman of the Board | 21yrs | US$1.50m | 2.98% $ 49.1m | |
| President | 2.58yrs | US$1.98m | 0.089% $ 1.5m | |
| Independent Director | 20yrs | US$101.66k | 0.34% $ 5.7m | |
| Independent Vice Chairman of the Board | 20yrs | US$105.25k | 0.50% $ 8.2m | |
| Independent Vice Chairman of the Board | 16yrs | US$136.58k | 0.23% $ 3.8m | |
| Independent Director | 1.17yrs | US$24.12k | 0.023% $ 376.8k | |
| Independent Director | 6.67yrs | US$100.31k | 0.14% $ 2.4m | |
| Independent Director | 7.67yrs | US$91.24k | 0.062% $ 1.0m | |
| Director | 4yrs | US$91.96k | 0.78% $ 12.9m | |
| Independent Director | 2.5yrs | US$101.66k | 0.017% $ 272.3k | |
| Independent Director | 2.08yrs | US$101.26k | 0.0082% $ 134.7k | |
| Director | 1.5yrs | no data | 0.63% $ 10.4m |
5.3yrs
Average Tenure
64yo
Average Age
Experienced Board: HTLF's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HTLF insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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$1.648b
- Shares outstanding: 36.89m
- 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 |
| HTLF.P | NasdaqGS (Nasdaq Global Select) | 7% DP SH PFD E | US | USD | Jun 2020 |
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 deposi...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 23:22 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| 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.