Heartland BancCorp (OTCMKTS:HLAN) Declares $0.76 Quarterly Dividend

Heartland BancCorp (OTCMKTS:HLAN) announced a quarterly dividend on Monday, July 29th, NASDAQ reports. Shareholders of record on Wednesday, September 25th will be given a dividend of 0.759 per share by the bank on Thursday, October 10th. This represents a $3.04 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, September 25th.

Heartland BancCorp Stock Performance

Heartland BancCorp stock opened at $148.00 on Monday. The stock has a 50-day simple moving average of $132.55 and a 200 day simple moving average of $103.83. The stock has a market capitalization of $298.37 million, a P/E ratio of 14.89 and a beta of 0.41. Heartland BancCorp has a 52 week low of $81.60 and a 52 week high of $149.00.

Heartland BancCorp (OTCMKTS:HLAN) last released its quarterly earnings data on Monday, July 29th. The bank reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.23. The company had revenue of $29.40 million for the quarter, compared to the consensus estimate of $17.98 million. Research analysts forecast that Heartland BancCorp will post 9.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About Heartland BancCorp

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.