Heartland Banccorp (OTCMKTS:HLAN) Given New $75.00 Price Target at Piper Sandler

Heartland Banccorp (OTCMKTS:HLAN) had its price objective increased by Piper Sandler from $70.00 to $75.00 in a report released on Wednesday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the bank’s stock. Piper Sandler also issued estimates for Heartland Banccorp’s Q3 2020 earnings at $2.19 EPS, Q4 2020 earnings at $1.72 EPS, FY2020 earnings at $7.37 EPS, Q1 2021 earnings at $1.44 EPS, Q2 2021 earnings at $1.66 EPS, Q3 2021 earnings at $1.69 EPS, Q4 2021 earnings at $1.61 EPS and FY2021 earnings at $6.39 EPS.

Separately, Zacks Investment Research cut Heartland Banccorp from a hold rating to a sell rating in a research note on Wednesday, July 22nd.

Shares of OTCMKTS HLAN opened at $68.00 on Wednesday. Heartland Banccorp has a twelve month low of $53.60 and a twelve month high of $101.21. The stock has a market capitalization of $135.32 million, a PE ratio of 10.64 and a beta of 0.90. The stock has a fifty day simple moving average of $66.54 and a 200-day simple moving average of $71.06.

Heartland Banccorp (OTCMKTS:HLAN) last released its earnings results on Monday, July 27th. The bank reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.75. The company had revenue of $14.77 million for the quarter, compared to analyst estimates of $16.60 million. As a group, analysts expect that Heartland Banccorp will post 7.37 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.

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