Heartland BancCorp (OTCMKTS:HLAN) to Issue $0.76 Quarterly Dividend

Heartland BancCorp (OTCMKTS:HLAN) declared a quarterly dividend on Monday, July 29th, NASDAQ reports. Shareholders of record on Wednesday, September 25th will be paid a dividend of 0.759 per share by the bank on Thursday, October 10th. This represents a $3.04 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, September 25th.

Heartland BancCorp Stock Performance

OTCMKTS HLAN opened at $147.25 on Tuesday. The firm’s 50 day moving average price is $133.70 and its two-hundred day moving average price is $104.25. Heartland BancCorp has a twelve month low of $81.60 and a twelve month high of $149.00. The stock has a market cap of $296.86 million, a price-to-earnings ratio of 14.81 and a beta of 0.41.

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

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “neutral” rating and set a $145.00 price objective (up previously from $103.00) on shares of Heartland BancCorp in a research report on Wednesday, August 7th.

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.