OTCPK:HLAN

Stock Analysis Report

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Market Cap

US$183.6m

Last Updated

2021/07/29 23:43 UTC

Data Sources

Company Financials +

Executive Summary

Heartland BancCorp operates as the bank holding company for Heartland Bank that provides various banking and financial services to individual and corporate customers. More Details

Rewards

Trading at 39.8% below our estimate of its fair value

Earnings grew by 35.2% over the past year

Pays a reliable dividend of 2.73%

Risk Analysis

No risks detected for HLAN from our risk checks.


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Heartland BancCorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HLAN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: HLAN's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

0%

HLAN

2.1%

US Banks

0.8%

US Market


1 Year Return

35.3%

HLAN

60.1%

US Banks

37.5%

US Market

Return vs Industry: HLAN underperformed the US Banks industry which returned 54.9% over the past year.

Return vs Market: HLAN underperformed the US Market which returned 36.5% over the past year.


Shareholder returns

HLANIndustryMarket
7 Day0%2.1%0.8%
30 Day-0.5%-1.7%1.0%
90 Day-2.1%-3.2%3.8%
1 Year39.3%35.3%64.7%60.1%39.7%37.5%
3 Year7.6%-1.1%19.2%8.8%64.4%54.1%
5 Year85.2%62.8%97.5%72.8%124.9%100.0%

Long-Term Price Volatility Vs. Market

How volatile is Heartland BancCorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Heartland BancCorp undervalued compared to its fair value and its price relative to the market?

39.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HLAN ($92) is trading below our estimate of fair value ($152.73)

Significantly Below Fair Value: HLAN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HLAN is good value based on its PE Ratio (10.4x) compared to the US Banks industry average (10.9x).

PE vs Market: HLAN is good value based on its PE Ratio (10.4x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: HLAN is poor value based on its PEG Ratio (23.1x)


Price to Book Ratio

PB vs Industry: HLAN is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).


Future Growth

How is Heartland BancCorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

0.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HLAN's forecast earnings growth (0.5% per year) is below the savings rate (2%).

Earnings vs Market: HLAN's earnings (0.5% per year) are forecast to grow slower than the US market (15% per year).

High Growth Earnings: HLAN's earnings are forecast to grow, but not significantly.

Revenue vs Market: HLAN's revenue (5.3% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: HLAN's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HLAN's Return on Equity is forecast to be low in 3 years time (10.5%).


Past Performance

How has Heartland BancCorp performed over the past 5 years?

15.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HLAN has high quality earnings.

Growing Profit Margin: HLAN's current net profit margins (29.5%) are higher than last year (26.8%).


Past Earnings Growth Analysis

Earnings Trend: HLAN's earnings have grown by 15.1% per year over the past 5 years.

Accelerating Growth: HLAN's earnings growth over the past year (35.2%) exceeds its 5-year average (15.1% per year).

Earnings vs Industry: HLAN earnings growth over the past year (35.2%) exceeded the Banks industry 32.1%.


Return on Equity

High ROE: HLAN's Return on Equity (12%) is considered low.


Financial Health

How is Heartland BancCorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: HLAN's Assets to Equity ratio (10.3x) is moderate.

Allowance for Bad Loans: HLAN has a sufficient allowance for bad loans (433%).

Low Risk Liabilities: 95% of HLAN's liabilities are made up of primarily low risk sources of funding.

Loan Level: HLAN has an appropriate level of Loans to Assets ratio (75%).

Low Risk Deposits: HLAN's Loans to Deposits ratio (87%) is appropriate.

Level of Bad Loans: HLAN has an appropriate level of bad loans (0.3%).


Dividend

What is Heartland BancCorp current dividend yield, its reliability and sustainability?

2.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HLAN's dividend (2.73%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: HLAN's dividend (2.73%) is low compared to the top 25% of dividend payers in the US market (3.52%).


Stability and Growth of Payments

Stable Dividend: HLAN's dividends per share have been stable in the past 10 years.

Growing Dividend: HLAN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.1%), HLAN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HLAN's dividends in 3 years are forecast to be well covered by earnings (31% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure


CEO

Gregory McComb

12.5yrs

Tenure

Mr. Gregory Scott McComb has been the Chairman of Heartland BancCorp., since 2011 and serves as its Chief Executive Officer since 2009. He serves as President of Heartland BancCorp. Mr. McComb serves as th...


Leadership Team

Experienced Management: HLAN's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: HLAN's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Heartland BancCorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Heartland BancCorp
  • Ticker: HLAN
  • Exchange: OTCPK
  • Founded: 1911
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$183.623m
  • Shares outstanding: 2.00m
  • Website: https://www.heartland.bank

Number of Employees


Location

  • Heartland BancCorp
  • 430 North Hamilton Road
  • Whitehall
  • Ohio
  • 43213
  • United States

Listings


Biography

Heartland BancCorp operates as the bank holding company for Heartland Bank that provides various banking and financial services to individual and corporate customers. The company offers personal and busine...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/29 23:43
End of Day Share Price2021/07/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.