DA Davidson Reiterates Positive Rating for Heartland Banccorp (OTCMKTS:HLAN)

DA Davidson reaffirmed their positive rating on shares of Heartland Banccorp (OTCMKTS:HLAN) in a report released on Tuesday, The Fly reports. The firm currently has a $110.00 price target on the bank’s stock. DA Davidson also issued estimates for Heartland Banccorp’s FY2020 earnings at $7.92 EPS.

Separately, Zacks Investment Research upgraded Heartland Banccorp from a sell rating to a hold rating in a research report on Tuesday, November 19th.

Shares of HLAN remained flat at $$94.75 during midday trading on Tuesday. The stock’s 50-day moving average price is $89.86 and its 200-day moving average price is $83.64. The company has a market cap of $191.40 million, a PE ratio of 14.21 and a beta of 0.42. Heartland Banccorp has a 52-week low of $78.00 and a 52-week high of $101.21.

Heartland Banccorp (OTCMKTS:HLAN) last announced its quarterly earnings data on Tuesday, October 15th. The bank reported $1.77 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.77. The company had revenue of $12.36 million for the quarter. On average, equities research analysts predict that Heartland Banccorp will post 6.35 EPS for the current year.

About Heartland Banccorp

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.

Further Reading: Bear Market

The Fly

Receive News & Ratings for Heartland Banccorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Banccorp and related companies with MarketBeat.com's FREE daily email newsletter.