Horizon Bancorp, Inc. (NASDAQ:HBNC) Holdings Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Horizon Bancorp, Inc. (NASDAQ:HBNC) by 75.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,680 shares of the financial services provider’s stock after acquiring an additional 5,009 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Horizon Bancorp were worth $167,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Horizon Bancorp by 59.6% in the 3rd quarter. SG Americas Securities LLC now owns 25,451 shares of the financial services provider’s stock valued at $272,000 after buying an additional 9,506 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Horizon Bancorp during the 3rd quarter worth about $169,000. Bank of New York Mellon Corp lifted its holdings in shares of Horizon Bancorp by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 284,040 shares of the financial services provider’s stock valued at $3,034,000 after buying an additional 3,712 shares during the last quarter. Strs Ohio increased its holdings in Horizon Bancorp by 3.0% in the third quarter. Strs Ohio now owns 54,200 shares of the financial services provider’s stock worth $578,000 after buying an additional 1,600 shares during the last quarter. Finally, PL Capital Advisors LLC raised its position in Horizon Bancorp by 4.3% during the third quarter. PL Capital Advisors LLC now owns 1,620,090 shares of the financial services provider’s stock valued at $17,303,000 after acquiring an additional 67,000 shares in the last quarter. 64.51% of the stock is currently owned by institutional investors and hedge funds.

Horizon Bancorp Stock Up 1.5 %

Shares of HBNC stock opened at $12.59 on Thursday. The stock has a 50 day moving average of $12.08 and a 200-day moving average of $12.21. The firm has a market cap of $555.34 million, a PE ratio of 23.31 and a beta of 1.04. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.16. Horizon Bancorp, Inc. has a 12 month low of $7.69 and a 12 month high of $14.71.

Horizon Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.64 annualized dividend and a dividend yield of 5.08%. Horizon Bancorp’s payout ratio is 118.52%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Horizon Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. Piper Sandler decreased their target price on Horizon Bancorp from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, April 29th.

About Horizon Bancorp

Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits.