Equities analysts forecast that Horizon Bancorp (IN) (NASDAQ:HBNC) will post $0.44 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Horizon Bancorp (IN)’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.45. Horizon Bancorp (IN) reported earnings of $0.38 per share in the same quarter last year, which suggests a positive year over year growth rate of 15.8%. The company is expected to issue its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that Horizon Bancorp (IN) will report full-year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.63 to $1.70. For the next fiscal year, analysts expect that the business will report earnings of $2.01 per share, with EPS estimates ranging from $1.98 to $2.04. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Horizon Bancorp (IN).

A number of brokerages have commented on HBNC. Zacks Investment Research upgraded shares of Horizon Bancorp (IN) from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Monday, July 3rd. ValuEngine upgraded shares of Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $32.00 price objective on shares of Horizon Bancorp (IN) and gave the stock a “buy” rating in a research report on Saturday, July 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $29.50.

In other Horizon Bancorp (IN) news, insider James D. Neff sold 4,799 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $26.75, for a total transaction of $128,373.25. Following the completion of the transaction, the insider now owns 147,176 shares in the company, valued at approximately $3,936,958. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James D. Neff sold 1,800 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $26.25, for a total transaction of $47,250.00. Following the transaction, the insider now owns 147,176 shares of the company’s stock, valued at approximately $3,863,370. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,254 shares of company stock valued at $635,536. 5.40% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in HBNC. Thrivent Financial For Lutherans purchased a new position in Horizon Bancorp (IN) during the 2nd quarter worth $3,951,000. State Street Corp raised its position in Horizon Bancorp (IN) by 28.1% during the 2nd quarter. State Street Corp now owns 419,067 shares of the financial services provider’s stock worth $11,043,000 after buying an additional 91,901 shares during the last quarter. Vanguard Group Inc. raised its position in Horizon Bancorp (IN) by 7.8% during the 2nd quarter. Vanguard Group Inc. now owns 923,226 shares of the financial services provider’s stock worth $24,326,000 after buying an additional 66,713 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Horizon Bancorp (IN) by 13.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 571,857 shares of the financial services provider’s stock worth $14,994,000 after purchasing an additional 65,573 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Horizon Bancorp (IN) by 20.8% during the 1st quarter. Renaissance Technologies LLC now owns 290,070 shares of the financial services provider’s stock worth $7,606,000 after purchasing an additional 49,900 shares during the period. Institutional investors own 45.13% of the company’s stock.

Shares of Horizon Bancorp (NASDAQ HBNC) opened at 25.46 on Monday. Horizon Bancorp has a 52-week low of $17.70 and a 52-week high of $28.63. The company’s 50-day moving average is $25.99 and its 200 day moving average is $26.07. The firm has a market cap of $564.60 million, a price-to-earnings ratio of 19.16 and a beta of 0.99.

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About Horizon Bancorp (IN)

Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities and Horizon Risk Management, Inc The Company operates through commercial banking segment.

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Earnings History and Estimates for Horizon Bancorp (IN) (NASDAQ:HBNC)

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