Heartland Banccorp (OTCMKTS:HLAN) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Heartland Banccorp (OTCMKTS:HLAN) from a sell rating to a hold rating in a research note published on Wednesday, Zacks.com reports.

According to Zacks, “HEARTLAND BANCORP is a registered Ohio bank holding company and the parent of Heartland Bank. Heartland Bank is a state-chartered bank, a member of the Federal Reserve, a member of the FDIC and an Equal Housing Lender. Heartland BancCorp is currently quoted on the over-the-counter (OTC) Bulletin Board Service under the symbol HLAN. “

HLAN opened at $81.25 on Wednesday. Heartland Banccorp has a fifty-two week low of $78.00 and a fifty-two week high of $95.50. The company has a fifty day moving average of $81.80 and a two-hundred day moving average of $81.52. The stock has a market capitalization of $164.13 million, a price-to-earnings ratio of 12.18 and a beta of 0.39.

Heartland Banccorp (OTCMKTS:HLAN) last released its quarterly earnings data on Tuesday, July 16th. The bank reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $11.84 million for the quarter, compared to the consensus estimate of $11.85 million. On average, analysts predict that Heartland Banccorp will post 6.35 earnings per share for the current year.

Heartland Banccorp Company Profile

Heartland BancCorp operates as the holding company for Heartland Bank that provides various banking products and services to individual and corporate customers in Franklin, Fairfield, and Licking counties of central Ohio. The company offers commercial, small business, and consumer banking services. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.

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