Epoch Investment Partners Inc. trimmed its position in Horizon Bancorp Inc (NASDAQ:HBNC) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,091,107 shares of the financial services provider’s stock after selling 16,520 shares during the period. Epoch Investment Partners Inc. owned about 2.84% of Horizon Bancorp worth $21,550,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in HBNC. SG Americas Securities LLC purchased a new position in Horizon Bancorp in the 2nd quarter valued at about $187,000. Russell Investments Group Ltd. lifted its holdings in shares of Horizon Bancorp by 50.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,833 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 3,278 shares during the period. AMI Investment Management Inc. purchased a new position in shares of Horizon Bancorp during the 2nd quarter worth about $223,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Horizon Bancorp by 50.0% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 11,660 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 3,887 shares during the period. Finally, Chevy Chase Trust Holdings Inc. lifted its holdings in shares of Horizon Bancorp by 50.0% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 11,895 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 3,965 shares during the period. Institutional investors own 53.17% of the company’s stock.
Several research analysts have recently weighed in on HBNC shares. BidaskClub lowered shares of Horizon Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, August 30th. ValuEngine lowered shares of Horizon Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Raymond James cut their price objective on shares of Horizon Bancorp from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. Finally, Zacks Investment Research lowered shares of Horizon Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Horizon Bancorp currently has an average rating of “Hold” and a consensus price target of $22.00.
In other Horizon Bancorp news, President James D. Neff bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average price of $16.25 per share, with a total value of $48,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.60% of the stock is currently owned by corporate insiders.
Shares of HBNC stock opened at $16.41 on Friday. The stock has a market cap of $629.23 million, a PE ratio of 13.12 and a beta of 1.11. Horizon Bancorp Inc has a 1-year low of $16.06 and a 1-year high of $22.13. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.97 and a current ratio of 0.97.
Horizon Bancorp (NASDAQ:HBNC) last announced its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.06). The company had revenue of $42.46 million for the quarter, compared to analysts’ expectations of $43.43 million. Horizon Bancorp had a return on equity of 10.28% and a net margin of 24.49%. Analysts forecast that Horizon Bancorp Inc will post 1.4 earnings per share for the current fiscal year.
Horizon Bancorp Profile
Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. Its loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; and real estate, mortgage warehouse, and consumer loans.
Read More: Futures Contract
Want to see what other hedge funds are holding HBNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Horizon Bancorp Inc (NASDAQ:HBNC).
Receive News & Ratings for Horizon Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.