Horizon Bancorp (Indiana) EVP Acquires $30,272 in Stock (HBNC)
Horizon Bancorp (Indiana) (NASDAQ:HBNC) EVP David G. Rose bought 1,388 shares of Horizon Bancorp (Indiana) stock in a transaction dated Friday, June 13th. The shares were purchased at an average price of $21.81 per share, with a total value of $30,272.28. Following the acquisition, the executive vice president now directly owns 2,365 shares of the company’s stock, valued at approximately $51,581. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Horizon Bancorp (NASDAQ:HBNC) opened at 21.48 on Thursday. Horizon Bancorp has a 1-year low of $19.38 and a 1-year high of $26.71. The stock has a 50-day moving average of $20.83 and a 200-day moving average of $22.1. The company has a market cap of $197.6 million and a price-to-earnings ratio of 10.96.
Horizon Bancorp (Indiana) (NASDAQ:HBNC) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.02. On average, analysts predict that Horizon Bancorp will post $1.94 earnings per share for the current fiscal year.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Horizon Bancorp (Indiana) from $23.00 to $24.00 in a research note on Friday, June 13th. Three research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $25.23.
Horizon Bancorp (NASDAQ:HBNC) is a bank holding company.
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