Heartland Banccorp (OTCMKTS:HLAN) Rating Increased 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 released on Wednesday morning, 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. “

Shares of OTCMKTS HLAN opened at $81.25 on Wednesday. The company has a market capitalization of $163.93 million, a P/E ratio of 12.18 and a beta of 0.39. Heartland Banccorp has a 52-week low of $78.00 and a 52-week high of $95.50. The company’s 50 day moving average price is $81.80 and its 200-day moving average price is $81.52.

Heartland Banccorp (OTCMKTS:HLAN) last released its earnings results on Tuesday, July 16th. The bank reported $1.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.56 by ($0.01). The company had revenue of $11.84 million for the quarter, compared to the consensus estimate of $11.85 million. On average, sell-side analysts expect 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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