Added to YB: 2025-01-02
Pitch date: 2025-01-01
HLAN [bullish]
Heartland BancCorp
+6.24%
current return
Author Info
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Company Info
Heartland BancCorp operates as the bank holding company for Heartland Bank that provides various banking and financial services to individual and corporate customers.
Market Cap
$318.2M
Pitch Price
$150.60
Price Target
217.00 (+36%)
Dividend
1.93%
EV/EBITDA
N/A
P/E
16.14
EV/Sales
N/A
Sector
Banks
Category
special_situation
Show full summary:
HLAN: Arbitrage Opportunity with German American Bank Acquisition
HLAN: High conviction merger arb with 20-38% IRR. Heartland acquired by German American Bank. Each HLAN share converts to 3.9 GABC. Buy 1 HLAN, short 3.9 GABC to lock in spread. Expected close in 4-5 weeks. Annualized return 20-38%.
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