Heartland BancCorp (OTCMKTS:HLAN) Share Price Passes Below 200-Day Moving Average of $88.03

Shares of Heartland BancCorp (OTCMKTS:HLANGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $88.03 and traded as low as $87.75. Heartland BancCorp shares last traded at $88.14, with a volume of 622 shares traded.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their target price on shares of Heartland BancCorp from $101.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th.

Get Our Latest Report on Heartland BancCorp

Heartland BancCorp Trading Up 0.4 %

The company has a market cap of $178.05 million, a price-to-earnings ratio of 8.87 and a beta of 0.41. The firm’s fifty day simple moving average is $89.96 and its 200 day simple moving average is $88.03.

Heartland BancCorp (OTCMKTS:HLANGet Free Report) last posted its quarterly earnings results on Tuesday, April 16th. The bank reported $2.51 EPS for the quarter, topping the consensus estimate of $2.30 by $0.21. The firm had revenue of $28.75 million for the quarter, compared to analyst estimates of $18.59 million. As a group, sell-side analysts expect that Heartland BancCorp will post 9.27 EPS for the current year.

Heartland BancCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th will be given a dividend of $0.759 per share. The ex-dividend date is Tuesday, June 25th. This represents a $3.04 annualized dividend and a dividend yield of 3.44%. Heartland BancCorp’s dividend payout ratio is presently 30.58%.

About Heartland BancCorp

(Get Free Report)

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 agricultural loans, commercial and business lending, home and personal loans, and title services.

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