Heartland Banccorp (OTCMKTS:HLAN) Downgraded to “Sell” at Zacks Investment Research

Heartland Banccorp (OTCMKTS:HLAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “HEARTLAND BANCORP is a registered Ohio bank holding company and the parent of Heartland Bank. Heartland Bank is a state-chartered bank, a member of the Federal Reserve, a member of the FDIC and an Equal Housing Lender. Heartland BancCorp is currently quoted on the over-the-counter (OTC) Bulletin Board Service under the symbol HLAN. “

Shares of OTCMKTS HLAN remained flat at $$82.00 during mid-day trading on Thursday. 13,249 shares of the stock traded hands, compared to its average volume of 1,292. The firm has a market cap of $165.45 million, a P/E ratio of 12.29 and a beta of 0.39. The firm’s fifty day moving average price is $81.69 and its two-hundred day moving average price is $81.50. Heartland Banccorp has a 12 month low of $78.00 and a 12 month high of $95.50.

Heartland Banccorp (OTCMKTS:HLAN) last posted its quarterly earnings data on Tuesday, July 16th. The bank reported $1.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.01). The firm had revenue of $11.84 million for the quarter, compared to the consensus estimate of $11.85 million. On average, research analysts anticipate that Heartland Banccorp will post 6.35 earnings per share for the current fiscal 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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