Heartland BancCorp (OTCMKTS:HLAN) Short Interest Down 33.3% in April

Heartland BancCorp (OTCMKTS:HLAN – Get Rating) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 200 shares, a drop of 33.3% from the March 31st total of 300 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 0.2 days.

Shares of HLAN stock opened at $92.25 on Friday. Heartland BancCorp has a 1 year low of $87.00 and a 1 year high of $95.51. The business’s fifty day moving average is $92.03 and its 200-day moving average is $91.77.

Heartland BancCorp (OTCMKTS:HLAN – Get Rating) last released its quarterly earnings data on Tuesday, April 19th. The bank reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.15. As a group, research analysts expect that Heartland BancCorp will post 7.81 earnings per share for the current year.

The business also recently disclosed a dividend, which was paid on Sunday, April 10th. Stockholders of record on Friday, March 25th were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Thursday, March 24th. This is a positive change from Heartland BancCorp’s previous dividend of $0.63. This represents a dividend yield of 3.07%. Heartland BancCorp’s dividend payout ratio (DPR) is currently 31.12%.

Several brokerages have recently issued reports on HLAN. Zacks Investment Research upgraded Heartland BancCorp from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Wednesday, March 30th. DA Davidson reiterated a “buy” rating on shares of Heartland BancCorp in a research report on Wednesday, January 26th.

Heartland BancCorp Company Profile (Get Rating)

Heartland BancCorp operates as the bank holding company for Heartland Bank that provides various banking and financial services to individual and corporate customers. The company offers personal and business checking and savings accounts. It also provides various lending solutions comprising home mortgage loans; personal loans, such as home equity and personal unsecured loans, as well as automobile, boat, motorcycle, power sport vehicle, recreational vehicle, and trailer loans; commercial and residential real estate loans, construction loans, small business administration loans, and working capital lines of credit and equipment financing; participation loans; financial solutions for various markets; and agribusiness lending solutions.

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