Heartland Banccorp (OTCMKTS:HLAN) Price Target Raised to $75.00 at Piper Sandler

Heartland Banccorp (OTCMKTS:HLAN) had its target price raised by Piper Sandler from $70.00 to $75.00 in a report published on Wednesday, BenzingaRatingsTable reports. The firm currently has 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 downgraded Heartland Banccorp from a hold rating to a sell rating in a research note on Wednesday, July 22nd.

Shares of Heartland Banccorp stock opened at $68.00 on Wednesday. The business has a 50-day moving average of $66.54 and a 200-day moving average of $71.06. The company has a market capitalization of $135.32 million, a PE ratio of 10.64 and a beta of 0.90. Heartland Banccorp has a 1-year low of $53.60 and a 1-year high of $101.21.

Heartland Banccorp (OTCMKTS:HLAN) last announced its earnings results on Monday, July 27th. The bank reported $1.52 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.75. The business had revenue of $14.77 million for the quarter, compared to analyst estimates of $16.60 million. As a group, sell-side analysts expect that Heartland Banccorp will post 7.37 earnings per share 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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