Heartland BancCorp (OTCMKTS:HLAN) Short Interest Down 50.0% in April
Heartland BancCorp (OTCMKTS: HLAN – Get Rating) benefited from a significant drop in short interest during the month of April. As of April 30, there was short interest totaling 100 shares, down 50.0% from April 15’s total of 200 shares. Based on an average trading volume of 500 shares, the day-to-cover ratio is currently 0.2 days.
A number of analysts have commented on HLAN shares. DA Davidson reiterated a “buy” rating on Heartland BancCorp stock in a Wednesday, Jan. 26 research note. Zacks Investment Research upgraded shares of Heartland BancCorp from a “hold” rating to a “buy” rating and set a target price of $103.00 for the company in a Wednesday, March 30 research note.
Shares of OTCMKTS HLAN traded at $3.90 at midday on Friday, hitting $93.90. 137 shares of the company were traded, against an average volume of 303. The company’s 50-day simple moving average is $91.74 and its 200-day simple moving average is $91.76. Heartland BancCorp has a 12-month low of $87.00 and a 12-month high of $95.00.
Heartland BancCorp (OTCMKTS:HLAN – Get Rating) last reported results on Tuesday, April 19. The bank reported earnings per share (EPS) of $1.99 for the quarter, beating analyst consensus estimates of $1.84 by $0.15. As a group, analysts predict Heartland BancCorp will post 7.81 EPS for the current fiscal year.
The company also recently declared a dividend, which was paid on Sunday, April 10. Investors of record on Friday, March 25 received a dividend of $0.69 per share. This represents a return of 3.07%. This is a positive change from Heartland BancCorp’s previous dividend of $0.63. The ex-dividend date was Thursday, March 24. Heartland BancCorp’s dividend payout ratio (DPR) is currently 31.12%.
About Heartland BancCorp (Get a rating)
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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