Heartland Financial USA, Inc., a multi-bank holding company, provides commercial, small business, and consumer banking products and services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, and individual retirement accounts; certificates of deposit; and other time deposits. The company also offers commercial and industrial loans; commercial real estate and real estate mortgage loans; small business loans; agricultural loans; consumer loans comprising motor vehicle and 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, as well as debit cards. 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, commercial purchasing card, investment sweep account, reconciliation, treasury management, foreign exchange, and various fraud prevention services, such as check and electronic positive pay, and virus/malware protection services, as well as automated teller machines. Further, the company offers investment services, such as mutual funds, annuities, retirement products, education savings products, and brokerage services, 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 133 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.
IPO Year:
Exchange: NASDAQ
Website: htlf.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/31/2024 | $54.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 2/29/2024 | $41.00 | Mkt Perform → Strong Buy | Raymond James |
| 12/13/2022 | $54.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 10/6/2022 | $52.00 → $48.00 | Buy → Neutral | DA Davidson |
| 10/26/2021 | $55.00 → $60.00 | Equal-Weight → Overweight | Stephens & Co. |
| 9/7/2021 | $60.00 | Mkt Perform → Outperform | Keefe Bruyette |
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10-Q - HEARTLAND FINANCIAL USA INC (0000920112) (Filer)
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8-K - HEARTLAND FINANCIAL USA INC (0000920112) (Filer)
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10-Q - HEARTLAND FINANCIAL USA INC (0000920112) (Filer)
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4 - HEARTLAND FINANCIAL USA INC (0000920112) (Issuer)
Keefe Bruyette upgraded Heartland Financial from Mkt Perform to Outperform and set a new price target of $54.00
Raymond James upgraded Heartland Financial from Mkt Perform to Strong Buy and set a new price target of $41.00
Keefe Bruyette downgraded Heartland Financial from Outperform to Mkt Perform and set a new price target of $54.00
DA Davidson downgraded Heartland Financial from Buy to Neutral and set a new price target of $48.00 from $52.00 previously
Stephens & Co. upgraded Heartland Financial from Equal-Weight to Overweight and set a new price target of $60.00 from $55.00 previously
Keefe Bruyette upgraded Heartland Financial from Mkt Perform to Outperform and set a new price target of $60.00
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Third Quarter Highlights Quarterly net income available to common stockholders of $62.1 million or $1.44 per common shareAdjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes: Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.Loss on security sales of $9.5 million.Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale. Common equity to total assets increased to 11.11%; while the tangible common equity ratio (non-GAAP) improved 86 basis points to 8.14%.Net interest margin, full tax-equivalent (non-GAAP) in
DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Common Stock DividendHeartland Financial USA, Inc. (NASDAQ:HTLF), operating under the brand name HTLF, announced its Board of Directors approved a quarterly cash dividend on common stock of $0.30 per share. The dividend is payable on November 26, 2024, to stockholders of record at the close of business on November 12, 2024. HTLF has increased or maintained its common stock dividend every quarter for more than 40 years. Series E Preferred Stock DividendThe Board of Directors also approved a dividend of $175 for Series E Preferred Stock (NASDAQ:HTLFP), which results in a dividend of $0.4375 per depositary share. The dividend is payable on January
Second Quarter Highlights Quarterly net income available to common stockholders of $37.7 million or $0.88 per common share.Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP).$6.0 million of acquisition, integration and restructuring expenses in the quarter.Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company.Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%.Net interest margin, full tax-equivalent (non-GAAP) increased to 3.73% for the quarter ended June 30, 2
DENVER, July 25, 2024 (GLOBE NEWSWIRE) -- Common Stock DividendHeartland Financial USA, Inc. (NASDAQ:HTLF), operating under the brand name HTLF, announced its Board of Directors approved a quarterly cash dividend on common stock of $0.30 per share. The dividend is payable on August 27, 2024, to stockholders of record at the close of business on August 13, 2024. HTLF has increased or maintained its common stock dividend every quarter for more than 40 years. Series E Preferred Stock DividendThe Board of Directors also approved a dividend of $175 for Series E Preferred Stock (NASDAQ:HTLFP), which results in a dividend of $0.4375 per depositary share. The dividend is payable on October 15,
KALISPELL, Mont., July 22, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE:GBCI) announced that on July 19, 2024, its wholly owned subsidiary, Glacier Bank, completed its acquisition of six Montana branch locations of HTLF Bank (the "Branches"), a wholly owned subsidiary of Heartland Financial USA, Inc. (NASDAQ:HTLF), including the deposits, loans, owned real estate and fixed and other assets associated with the Branches. The six branches Glacier Bank acquired are: 2615 King Ave. W, Billings, MT2929 3rd Ave. N, Billings, MT2901 W Main St., Bozeman, MT115 E First Ave, Plentywood, MT220 Main St., Stevensville, MT101 E Legion St., Whitehall, MT The Branches have joined Glacier Bank di
Largest acquisition in UMB history will increase total assets by more than 40% and significantly expand geographic footprint UMB investment community call today, Monday, April 29, at 7:30 a.m. (CT) / 8:30 a.m. (ET) UMB Financial Corporation (NASDAQ:UMBF) and Heartland Financial, USA Inc. (NASDAQ:HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429502428/en/ Founded in 1981, HTLF is headq
First Quarter Highlights •Quarterly net income available to common stockholders of $49.7 million or $1.16 per common share•Adjusted earnings available to common stockholders of $52.4 million or $1.22 adjusted diluted earnings per common share, which excludes $1.4 million of acquisition, integration and restructuring costs and $2.0 million of FDIC special assessment expense•Common equity ratio increased to 9.76%; Tangible common equity ratio (non-GAAP) improved 35 basis points to 6.88%•Net interest margin, full tax-equivalent (non-GAAP) increased to 3.57% for the quarter ended March 31, 2024 from 3.52% for the quarter ended December 31, 2024•Annualized loan yield increased to 6.63% for the q
Largest acquisition in UMB history will increase total assets by more than 40% and significantly expand geographic footprint UMB investment community call today, Monday, April 29, at 7:30 a.m. (CT) / 8:30 a.m. (ET) KANSAS CITY, Mo. and DENVER, April 29, 2024 (GLOBE NEWSWIRE) -- UMB Financial Corporation (NASDAQ:UMBF) and Heartland Financial, USA Inc. (NASDAQ:HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion. Founded in 1981, HTLF is headquartered in Denver and has $19.4 billion in assets, $16.2 bill
DENVER, April 25, 2024 (GLOBE NEWSWIRE) -- Common Stock Dividend Heartland Financial USA, Inc. (NASDAQ:HTLF), operating under the brand name HTLF, announced its Board of Directors approved a quarterly cash dividend on common stock of $0.30 per share. The dividend is payable on May 28, 2024, to stockholders of record at the close of business on May 13, 2024. HTLF has increased or maintained its common stock dividend every quarter for more than 40 years. Series E Preferred Stock Dividend The Board of Directors also approved a dividend of $175 for Series E Preferred Stock (NASDAQ:HTLFP), which results in a dividend of $0.4375 per depositary share. The dividend is payable on July 15, 20
KALISPELL, Mont., April 18, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE:GBCI) today announced that its banking subsidiary, Glacier Bank, has received all regulatory approvals required to complete its previously announced acquisition of six Montana branch locations of HTLF Bank (the "Branches"), the bank subsidiary of Heartland Financial USA, Inc. (NASDAQ:HTLF). The transaction is expected to be completed in July 2024, subject to customary closing conditions. The six branches Glacier Bank will acquire are: 2615 King Ave. W, Billings, MT2929 3rd Ave. N, Billings, MT2901 W Main St., Bozeman, MT115 E First Ave, Plentywood, MT220 Main St., Stevensville, MT101 E Legion St., Whitehall,
Third Quarter Highlights Quarterly net income available to common stockholders of $62.1 million or $1.44 per common shareAdjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes: Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.Loss on security sales of $9.5 million.Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale. Common equity to total assets increased to 11.11%; while the tangible common equity ratio (non-GAAP) improved 86 basis points to 8.14%.Net interest margin, full tax-equivalent (non-GAAP) in
DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Common Stock DividendHeartland Financial USA, Inc. (NASDAQ:HTLF), operating under the brand name HTLF, announced its Board of Directors approved a quarterly cash dividend on common stock of $0.30 per share. The dividend is payable on November 26, 2024, to stockholders of record at the close of business on November 12, 2024. HTLF has increased or maintained its common stock dividend every quarter for more than 40 years. Series E Preferred Stock DividendThe Board of Directors also approved a dividend of $175 for Series E Preferred Stock (NASDAQ:HTLFP), which results in a dividend of $0.4375 per depositary share. The dividend is payable on January
Second Quarter Highlights Quarterly net income available to common stockholders of $37.7 million or $0.88 per common share.Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP).$6.0 million of acquisition, integration and restructuring expenses in the quarter.Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company.Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%.Net interest margin, full tax-equivalent (non-GAAP) increased to 3.73% for the quarter ended June 30, 2
DENVER, July 25, 2024 (GLOBE NEWSWIRE) -- Common Stock DividendHeartland Financial USA, Inc. (NASDAQ:HTLF), operating under the brand name HTLF, announced its Board of Directors approved a quarterly cash dividend on common stock of $0.30 per share. The dividend is payable on August 27, 2024, to stockholders of record at the close of business on August 13, 2024. HTLF has increased or maintained its common stock dividend every quarter for more than 40 years. Series E Preferred Stock DividendThe Board of Directors also approved a dividend of $175 for Series E Preferred Stock (NASDAQ:HTLFP), which results in a dividend of $0.4375 per depositary share. The dividend is payable on October 15,
Largest acquisition in UMB history will increase total assets by more than 40% and significantly expand geographic footprint UMB investment community call today, Monday, April 29, at 7:30 a.m. (CT) / 8:30 a.m. (ET) UMB Financial Corporation (NASDAQ:UMBF) and Heartland Financial, USA Inc. (NASDAQ:HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429502428/en/ Founded in 1981, HTLF is headq
First Quarter Highlights •Quarterly net income available to common stockholders of $49.7 million or $1.16 per common share•Adjusted earnings available to common stockholders of $52.4 million or $1.22 adjusted diluted earnings per common share, which excludes $1.4 million of acquisition, integration and restructuring costs and $2.0 million of FDIC special assessment expense•Common equity ratio increased to 9.76%; Tangible common equity ratio (non-GAAP) improved 35 basis points to 6.88%•Net interest margin, full tax-equivalent (non-GAAP) increased to 3.57% for the quarter ended March 31, 2024 from 3.52% for the quarter ended December 31, 2024•Annualized loan yield increased to 6.63% for the q
Largest acquisition in UMB history will increase total assets by more than 40% and significantly expand geographic footprint UMB investment community call today, Monday, April 29, at 7:30 a.m. (CT) / 8:30 a.m. (ET) KANSAS CITY, Mo. and DENVER, April 29, 2024 (GLOBE NEWSWIRE) -- UMB Financial Corporation (NASDAQ:UMBF) and Heartland Financial, USA Inc. (NASDAQ:HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion. Founded in 1981, HTLF is headquartered in Denver and has $19.4 billion in assets, $16.2 bill
DENVER, April 25, 2024 (GLOBE NEWSWIRE) -- Common Stock Dividend Heartland Financial USA, Inc. (NASDAQ:HTLF), operating under the brand name HTLF, announced its Board of Directors approved a quarterly cash dividend on common stock of $0.30 per share. The dividend is payable on May 28, 2024, to stockholders of record at the close of business on May 13, 2024. HTLF has increased or maintained its common stock dividend every quarter for more than 40 years. Series E Preferred Stock Dividend The Board of Directors also approved a dividend of $175 for Series E Preferred Stock (NASDAQ:HTLFP), which results in a dividend of $0.4375 per depositary share. The dividend is payable on July 15, 20
DENVER, April 15, 2024 (GLOBE NEWSWIRE) -- HTLF (NASDAQ:HTLF) today announced the company will host a conference call detailing its first quarter 2024 financial results at 5 p.m. ET on Wednesday, May 1, 2024. Bruce K. Lee, President and CEO, and Kevin L. Thompson, Chief Financial Officer, will conduct the conference call. There will be a question-and-answer session for analysts following the presentation. Financial results will be available on the company's website on May 1, 2024, after market close. To access the call by phone, please register here. To avoid potential delays, we encourage participants to dial into the conference call 15 minutes ahead of the scheduled start time. Upo
Fourth Quarter Highlights Net loss available to common stockholders of ($72.4) million or ($1.69) per diluted common share.Adjusted earnings available to common stockholders of $45.6 million, or $1.06 per diluted common share (non-GAAP), which excludes losses related to balance sheet repositioning, losses on sale or write-down of assets, FDIC special assessment expense, and restructuring costs.Loan growth of $196.2 million or 2%.Average customer deposits grew $270.7 million or 2%.Common equity ratio increased to 9.27%; Tangible common equity ratio (non-GAAP) improved 80 basis points to 6.53%.Net interest margin, fully tax-equivalent (non-GAAP) improved 34 basis points to 3.52%.Consolidate
As of July 15, 2024, five stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Root Inc (NASDAQ:ROOT) On June 5, TD Cowen analyst Andrew Kligerman maintained Root with a Ho
Heartland Financial USA's (NYSE:HTLF) short percent of float has risen 12.83% since its last report. The company recently reported that it has 918 thousand shares sold short, which is 2.55% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.76 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Shor
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler analyst Brent Bracelin upgraded the rating for Asana, Inc. (NYSE:ASAN) from Underweight to Neutral, but slashed the price target from $18 to $16. Asana shares fell 4.9% to close at $13.13 on Thursday. See how other analysts view this stock. Piper Sandler analyst Stephen Scouten upgraded Independent Bank Group, Inc. (NASDAQ:IBTX) from Underweight to Overweight, while raising the price target from $38 to $58. Independent Bank shares rose 2.4% to settle at $45.98 on Thursday. See how oth
Keefe, Bruyette & Woods analyst Damon Delmonte upgrades Heartland Financial USA (NASDAQ:HTLF) from Market Perform to Outperform and raises the price target from $51 to $54.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said SoundHound AI, Inc. (NASDAQ:SOUN) has got to make money and is losing money. “It's been around forever, and it's not making money. That's no good for me,” he added. SoundHound AI is expected to report its 2024 first quarter financial results on Thursday, May 9, after the closing bell. “It's a little bit riskier than people would like,” Cramer said when asked about OneMain Holdings, Inc. (NYSE:OMF). “It's a personal loaner. But, you know what, I think the Fed is going to lower rates, so I think it's going to work for you.” On April 20, OneMain Holdings posted better-than-expected earnings for its first quarter and raised its divi
DA Davidson analyst Jeff Rulis maintains Heartland Financial USA (NASDAQ:HTLF) with a Neutral and raises the price target from $36 to $45.
Keefe, Bruyette & Woods analyst Damon Delmonte maintains Heartland Financial USA (NASDAQ:HTLF) with a Market Perform and raises the price target from $41 to $51.
Shares of Clever Leaves Holdings Inc. (NASDAQ:CLVR) fell sharply during Monday's session after the company announced that it will voluntarily delist its common shares from the Nasdaq and deregister its Securities to terminate and suspend its reporting obligations. Clever Leaves Holdings shares dipped 60% to $1.6498 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Deciphera Pharmaceuticals, Inc. (NASDAQ:DCPH) shares climbed 73% to $25.36 after the company announced it will be acquired by ONO Pharmaceutical for $25.60 per share in cash. Collective Audience, Inc. (NASDAQ:CAUD) gained 50.4% to $0.6002 after the company announced a strategic partne
UMB Financial Corporation (NASDAQ:UMBF) shares are trading lower after it inked an acquisition deal, priced an underwritten offering, and reported first-quarter FY24 results. M&A: The company inked a definitive merger deal to acquire Heartland Financial, USA Inc. (NASDAQ:HTLF) in an all-stock transaction valued at around $2.0 billion. As per the terms, Heartland shareholders will receive a fixed exchange ratio of 0.55 shares of UMB common shares for each share of HTLF stock they hold. The per-share price consideration is valued at $45.74 per share based on UMB’s closing price of $83.17 on April 26. This transaction, the largest in UMB’s 111-year history, will result in the comp
U.S. stocks were higher, with the Nasdaq Composite jumping over 50 points on Monday. Shares of Tesla, Inc. (NASDAQ:TSLA) rose sharply during Monday's session on reports the company will partner with Baidu for mapping and navigation for Full Self-Driving in China. Tesla shares jumped 10.5% to $185.94 on Monday. Here are some other big stocks recording gains in today's session. Deciphera Pharmaceuticals, Inc. (NASDAQ:DCPH) shares surged 73% to $25.36 after the company announced it will be acquired by ONO Pharmaceutical for $25.60 per share in cash. ImmunityBio, Inc. (NASDAQ:IBRX) shares rose 36.3% to $10.02. ImmunityBio shares jumped around 44% on Friday after the company annou