Heartland Banccorp (OTCMKTS:HLAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors 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 midday trading on Thursday. 13,249 shares of the stock were exchanged, compared to its average volume of 1,292. The business’s 50 day moving average is $81.69 and its 200-day moving average is $81.50. The stock has a market capitalization of $165.45 million, a P/E ratio of 12.29 and a beta of 0.39. Heartland Banccorp has a 52 week low of $78.00 and a 52 week high of $95.50.

Heartland Banccorp (OTCMKTS:HLAN) last posted its quarterly earnings data on Tuesday, July 16th. The bank reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $11.84 million for the quarter, compared to analyst estimates of $11.85 million. As a group, sell-side analysts expect that Heartland Banccorp will post 6.35 EPS for the current year.

Heartland Banccorp Company Profile

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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