Heartland BancCorp (OTCMKTS:HLAN) sees a surge in short-term interest


Heartland BancCorp (OTCMKTS:HLAN – Get Rating) benefited from a significant increase in short-term interest in August. As of August 15, there was short interest totaling 300 shares, an increase of 200.0% from the July 31 total of 100 shares. Based on an average trading volume of 700 shares, the day-to-cover ratio is currently 0.4 days.

Price performance of Heartland BancCorp

Shares of OTCMKTS:HLAN opened at $89.05 on Friday. The company has a market capitalization of $178.99 million, a PE ratio of 10.18 and a beta of 0.61. The company has a fifty-day moving average price of $90.59 and a two-hundred-day moving average price of $91.33. Heartland BancCorp has a 1 year minimum of $87.00 and a 1 year maximum of $95.00.

Heartland BancCorp (OTCMKTS:HLAN – Get Rating) last reported quarterly earnings data on Tuesday, July 19. The bank reported earnings per share (EPS) of $1.94 for the quarter, meeting analyst consensus estimates of $1.94. The company had revenue of $16.17 million in the quarter, versus a consensus estimate of $16.00 million. Sell-side analysts expect Heartland BancCorp to post earnings per share of 8.16 for the current year.

Heartland BancCorp Announces Dividend

The company also recently declared a dividend, which was paid on Sunday, July 10. Shareholders of record on Friday, June 24 received a dividend of $0.69 per share. The ex-dividend date was Thursday, June 23. This represents a dividend yield of 3.05%. Heartland BancCorp’s dividend payout ratio is currently 31.54%.

Changes to analyst ratings

Separately, DA Davidson reiterated a “buy” rating on Heartland BancCorp shares in a Wednesday, July 27 report.

About Heartland BancCorp

(Get an evaluation)

Heartland BancCorp operates as a bank holding company for Heartland Bank which provides various banking and financial services to individuals and businesses. The company offers personal and business checking and savings accounts. It also offers various lending solutions including home mortgages; personal loans, such as home loans and unsecured personal loans, as well as loans for automobiles, boats, motorcycles, motor sports vehicles, recreational vehicles and trailers; commercial and residential real estate loans, construction loans, small business administration loans and working capital lines of credit and equipment financing; equity loans; financial solutions for various markets; and lending solutions for agribusiness.

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