Horizon Bancorp (IN) (NASDAQ:HBNC) CEO Craig M. Dwight sold 15,365 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $27.42, for a total transaction of $421,308.30. Following the completion of the sale, the chief executive officer now owns 150,625 shares in the company, valued at $4,130,137.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Horizon Bancorp (HBNC) traded down $0.13 during trading hours on Friday, hitting $27.11. 38,787 shares of the stock were exchanged, compared to its average volume of 71,140. The company has a market capitalization of $699.08 million, a P/E ratio of 17.68 and a beta of 0.99.

Horizon Bancorp (IN) (NASDAQ:HBNC) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The business had revenue of $35.90 million for the quarter, compared to the consensus estimate of $37.81 million. Horizon Bancorp (IN) had a return on equity of 9.88% and a net margin of 20.03%. equities research analysts predict that Horizon Bancorp will post 1.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, October 5th. Horizon Bancorp (IN)’s payout ratio is 37.41%.

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Several analysts have issued reports on HBNC shares. Zacks Investment Research lowered shares of Horizon Bancorp (IN) from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Piper Jaffray Companies set a $32.00 price target on shares of Horizon Bancorp (IN) and gave the stock a “buy” rating in a research report on Saturday, July 29th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $29.75.

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Horizon Bancorp (IN) by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,214 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 519 shares during the period. American International Group Inc. lifted its holdings in shares of Horizon Bancorp (IN) by 21.3% during the 1st quarter. American International Group Inc. now owns 11,747 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 2,065 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Horizon Bancorp (IN) by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 856,513 shares of the financial services provider’s stock worth $22,457,000 after acquiring an additional 21,429 shares during the period. Bank of America Corp DE lifted its holdings in shares of Horizon Bancorp (IN) by 53.9% during the 1st quarter. Bank of America Corp DE now owns 12,321 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 4,317 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings 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 acquiring an additional 49,900 shares during the period. 40.74% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Horizon Bancorp (IN) (NASDAQ:HBNC)

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