Heartland BancCorp (OTCMKTS:HLAN) Shares Cross Below Two Hundred Day Moving Average of $91.45

Heartland BancCorp (OTCMKTS:HLAN)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $91.45 and traded as low as $89.05. Heartland BancCorp shares last traded at $89.05, with a volume of 733 shares changing hands.

Separately, Zacks Investment Research upgraded Heartland BancCorp from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Wednesday, January 5th.

The stock has a market capitalization of $178.46 million, a price-to-earnings ratio of 9.31 and a beta of 0.77. The stock has a 50-day moving average of $91.52 and a 200 day moving average of $91.45.

Heartland BancCorp (OTCMKTS:HLAN) last issued its earnings results on Sunday, October 24th. The bank reported $2.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.40. The company had revenue of $16.42 million for the quarter, compared to the consensus estimate of $15.60 million. As a group, analysts predict that Heartland BancCorp will post 8.76 EPS for the current year.

The business also recently announced a dividend, which was paid on Monday, January 10th. Shareholders of record on Friday, December 24th were issued a dividend of $0.627 per share. This represents a yield of 2.79%. The ex-dividend date was Thursday, December 23rd. Heartland BancCorp’s dividend payout ratio (DPR) is currently 26.26%.

About Heartland BancCorp (OTCMKTS:HLAN)

Heartland BancCorp is a bank holding company, which engages in the ownership, and management of its wholly-owned subsidiary. It offers full service commercial, small business, and consumer banking services; alternative investment services; insurance services; and financial products and services. The company was founded by Tiney M.

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