Heartland BancCorp (OTCMKTS:HLAN) Posts Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Heartland BancCorp (OTCMKTS:HLAN) announced its earnings results on Monday. The bank reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.23, Zacks reports. The business had revenue of $29.40 million for the quarter, compared to analysts’ expectations of $17.98 million.

Heartland BancCorp Trading Up 57.7 %

Shares of Heartland BancCorp stock traded up $53.05 on Wednesday, hitting $145.00. The stock had a trading volume of 14,682 shares, compared to its average volume of 381. Heartland BancCorp has a 52-week low of $81.60 and a 52-week high of $145.00. The company’s 50 day moving average price is $91.06 and its 200 day moving average price is $88.63. The stock has a market cap of $292.90 million, a price-to-earnings ratio of 14.59 and a beta of 0.41.

Analyst Upgrades and Downgrades

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

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.