Heartland Banccorp (OTCMKTS:HLAN) Rating Lowered to Sell at Zacks Investment Research

Heartland Banccorp (OTCMKTS:HLAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, 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. “

Heartland Banccorp stock opened at $85.00 on Tuesday. The stock has a market cap of $171.70 million, a price-to-earnings ratio of 12.74 and a beta of 0.40. The company’s 50-day moving average price is $82.34 and its two-hundred day moving average price is $81.59. Heartland Banccorp has a 52 week low of $78.00 and a 52 week high of $89.00.

Heartland Banccorp (OTCMKTS:HLAN) last released its earnings results on Tuesday, July 16th. The bank reported $1.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.01). The business had revenue of $11.84 million for the quarter, compared to analysts’ expectations of $11.85 million. On average, equities research analysts anticipate 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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