NasdaqGS:HTLF

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Heartland Financial USA

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


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

4.2%

HTLF

6.3%

US Banks

2.8%

US Market


1 Year Return

-13.6%

HTLF

-17.0%

US Banks

19.7%

US Market

Return vs Industry: HTLF exceeded the US Banks industry which returned -17% over the past year.

Return vs Market: HTLF underperformed the US Market which returned 19.7% over the past year.


Shareholder returns

HTLFIndustryMarket
7 Day4.2%6.3%2.8%
30 Day21.9%19.9%8.0%
90 Day18.2%19.1%6.8%
1 Year-11.6%-13.6%-14.0%-17.0%22.4%19.7%
3 Year-14.4%-18.5%-3.4%-11.5%47.3%37.5%
5 Year21.3%12.6%38.4%21.1%93.6%72.3%

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

Valuation

Is Heartland Financial USA undervalued compared to its fair value and its price relative to the market?

17.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HTLF ($41.15) is trading below our estimate of fair value ($49.78)

Significantly Below Fair Value: HTLF is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HTLF is good value based on its PE Ratio (11.4x) compared to the US Banks industry average (11.5x).

PE vs Market: HTLF is good value based on its PE Ratio (11.4x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: HTLF is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: HTLF's PB Ratio (0.9x) 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?

10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HTLF's forecast earnings growth (10% per year) is above the savings rate (2.2%).

Earnings vs Market: HTLF's earnings (10% per year) are forecast to grow slower than the US market (22% per year).

High Growth Earnings: HTLF's earnings are forecast to grow, but not significantly.

Revenue vs Market: HTLF's revenue (6.8% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: HTLF's revenue (6.8% 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?

1.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HTLF's dividend (1.94%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: HTLF's dividend (1.94%) is low compared to the top 25% of dividend payers in the US market (4.05%).


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 (21.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Bruce Lee (59 yo)

2.42yrs

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 ($USD1.98M) is below average for companies of similar size in the US market ($USD4.15M).

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

NamePositionTenureCompensationOwnership
Lynn Fuller
Executive Operating Chairman of the Board20.83yrsUS$1.50m2.98%
$ 45.2m
Bruce Lee
President2.42yrsUS$1.98m0.089%
$ 1.3m
Bryan McKeag
Executive VP & CFO7.17yrsUS$911.49k0.061%
$ 928.6k
Brian Fox
Executive Vice President of Operationsno dataUS$673.95k0.057%
$ 868.2k
David Prince
Executive VP & Head of Commercial Banking2yrsUS$744.01k0.010%
$ 158.8k
Daniel Stevens
Executive Vice President of Operations0.92yrno datano data
Janet Quick
Executive VP4.83yrsno data0.042%
$ 634.8k
Dennis Mochal
Executive VP & Chief Information Officer1.83yrsno datano data
Michael Coyle
Executive VP11.67yrsno data0.033%
$ 501.3k
Laura Hughes
Executive VP & Chief Marketing Officer3.25yrsno datano data
Deborah Deters
Executive VP & Chief Human Resources Officer2.92yrsno data0.0042%
$ 63.1k
Marti Vandemore
Senior VP of Information Services11.58yrsno datano data

2.9yrs

Average Tenure

60yo

Average Age

Experienced Management: HTLF's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lynn Fuller
Executive Operating Chairman of the Board20.83yrsUS$1.50m2.98%
$ 45.2m
Bruce Lee
President2.42yrsUS$1.98m0.089%
$ 1.3m
John Schmidt
Independent Director19.83yrsUS$101.66k0.34%
$ 5.2m
Mark Falb
Independent Vice Chairman of the Board19.83yrsUS$105.25k0.50%
$ 7.6m
Thomas Flynn
Independent Vice Chairman of the Board15.83yrsUS$136.58k0.23%
$ 3.5m
Robert Engel
Independent Director1yrUS$24.12k0.023%
$ 347.0k
R. McCoy
Independent Director6.5yrsUS$100.31k0.14%
$ 2.2m
Duane White
Independent Director7.5yrsUS$91.24k0.062%
$ 945.8k
Martin Schmitz
Director3.83yrsUS$91.96k0.78%
$ 11.8m
Susan Murphy
Independent Director2.33yrsUS$101.66k0.017%
$ 250.7k
Jennifer Hopkins
Independent Director1.92yrsUS$101.26k0.0082%
$ 124.0k
Barry Orr
Director1.33yrsno data0.63%
$ 9.6m

5.2yrs

Average Tenure

64yo

Average Age

Experienced Board: HTLF's board of directors are considered experienced (5.2 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$1.518b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HTLFNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDJul 1995
1H4DB (Deutsche Boerse AG)YesCommon SharesDEEURJul 1995
HTLF.PNasdaqGS (Nasdaq Global Select)7% DP SH PFD EUSUSDJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 23:56
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.