Heartland Financial is a regional bank with preferred shares offering 7% yield and a chance to reset at over 10.5% in July. The bank is conservatively managed with a loan to deposit ratio and low external borrowing, making earnings more stable. The bank is in the process of merging, but this should not be an issue for preferred shareholders.
Does Heartland Financial (HTLF) have what it takes to be a top stock pick for momentum investors? Let's find out.
Heartland Financial (HTLF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Angela Kelley HTLF Bank | 1.04M | $39.08M | $63.7M | $24.62M | 63% |
| - Industry | - Sector | Mr. Bruce K. Lee CEO | NASDAQ (NGS) Exchange | 42234Q102 CUSIP |
| United States Country | 1,725 Employees | 14 Jan 2025 Last Dividend | 30 Dec 2003 Last Split | 22 Jun 2020 IPO Date |
Heartland Financial USA, Inc. operates as a mid-sized financial institution serving as a bank holding company, notably engaging in delivering a comprehensive range of banking solutions tailored for both individuals and businesses across the United States. With its foundation laid in 1981, the company has firmly established its headquarters in Denver, Colorado. Augmenting traditional banking, Heartland Financial USA, Inc. differentiates itself through a customer-centric approach, offering an amalgamation of services that address the financial needs of its diverse clientele, encompassing commercial entities, small businesses, and retail banking customers.