Heartland BancCorp (OTCMKTS:HLAN) Shares Cross Below 200-Day Moving Average of $86.16

Heartland BancCorp (OTCMKTS:HLAN)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $86.16 and traded as low as $84.55. Heartland BancCorp shares last traded at $85.00, with a volume of 471 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reiterated an “overweight” rating and issued a $101.00 price target on shares of Heartland BancCorp in a report on Tuesday, March 5th.

Heartland BancCorp Price Performance

The business has a fifty day moving average price of $86.60 and a two-hundred day moving average price of $86.16. The firm has a market capitalization of $171.70 million, a price-to-earnings ratio of 8.84 and a beta of 0.43.

Heartland BancCorp (OTCMKTS:HLAN) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.22. The firm had revenue of $28.41 million during the quarter. On average, research analysts predict that Heartland BancCorp will post 9.67 earnings per share for the current year.

Heartland BancCorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Monday, March 25th will be paid a $0.759 dividend. The ex-dividend date is Friday, March 22nd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.57%. Heartland BancCorp’s payout ratio is 31.60%.

About Heartland BancCorp

Heartland BancCorp operates as the bank holding company for Heartland Bank that provides various banking and financial services to individual and corporate customers. It offers personal and business checking and savings accounts. The company 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.