Heartland BancCorp (OTCMKTS:HLAN) Earns “Neutral” Rating from DA Davidson

DA Davidson reiterated their neutral rating on shares of Heartland BancCorp (OTCMKTS:HLAN) in a research note released on Wednesday morning, MarketBeat Ratings reports. DA Davidson currently has a $145.00 target price on the bank’s stock, up from their prior target price of $103.00. DA Davidson also issued estimates for Heartland BancCorp’s Q3 2024 earnings at $2.29 EPS and FY2025 earnings at $9.75 EPS.

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

Heartland BancCorp Trading Down 0.4 %

Shares of Heartland BancCorp stock traded down $0.50 during trading on Wednesday, hitting $136.70. 1,652 shares of the stock were exchanged, compared to its average volume of 1,270. The company has a fifty day moving average price of $99.68 and a 200-day moving average price of $91.82. The stock has a market capitalization of $275.59 million, a price-to-earnings ratio of 13.75 and a beta of 0.41. Heartland BancCorp has a 1-year low of $81.60 and a 1-year high of $146.34.

Heartland BancCorp (OTCMKTS:HLAN) last posted its earnings results on Monday, July 29th. The bank reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.23. The company had revenue of $29.40 million for the quarter, compared to analyst estimates of $17.98 million. Equities research analysts forecast that Heartland BancCorp will post 9.27 EPS for the current fiscal year.

Heartland BancCorp Company Profile

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.