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

Shares of Heartland BancCorp (OTCMKTS:HLAN) 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.

Wall Street Analyst Weigh In

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

Heartland BancCorp Stock Up 0.4 %

The company’s fifty day moving average is $89.96 and its 200 day moving average is $88.03. The stock has a market cap of $178.05 million, a PE ratio of 8.87 and a beta of 0.41.

Heartland BancCorp (OTCMKTS:HLAN) last posted its quarterly earnings results on Tuesday, April 16th. The bank reported $2.51 EPS for the quarter, beating the consensus estimate of $2.30 by $0.21. The business had revenue of $28.75 million during the quarter, compared to analysts’ expectations of $18.59 million. Equities analysts expect that Heartland BancCorp will post 9.27 EPS for the current year.

Heartland BancCorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th will be issued a $0.759 dividend. The ex-dividend date is Tuesday, June 25th. This represents a $3.04 annualized dividend and a yield of 3.44%. Heartland BancCorp’s payout ratio is 30.58%.

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. 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.