Horizon Bancorp (IN) (HBNC) Insider Thomas H. Edwards Sells 3,000 Shares

Horizon Bancorp (IN) (NASDAQ:HBNC) insider Thomas H. Edwards sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the transaction, the insider now directly owns 1,689 shares in the company, valued at $43,914. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Horizon Bancorp (HBNC) opened at 26.32 on Wednesday. The firm has a market cap of $583.67 million, a P/E ratio of 19.80 and a beta of 0.99. The firm’s 50-day moving average price is $25.98 and its 200 day moving average price is $26.05. Horizon Bancorp has a 12-month low of $17.70 and a 12-month high of $28.63.

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A number of institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in Horizon Bancorp (IN) by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 1,101,483 shares of the financial services provider’s stock valued at $29,024,000 after buying an additional 29,557 shares in the last quarter. Vanguard Group Inc. boosted its position in Horizon Bancorp (IN) by 7.8% in the second quarter. Vanguard Group Inc. now owns 923,226 shares of the financial services provider’s stock valued at $24,326,000 after buying an additional 66,713 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Horizon Bancorp (IN) by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 613,289 shares of the financial services provider’s stock valued at $16,160,000 after buying an additional 41,432 shares in the last quarter. State Street Corp boosted its position in Horizon Bancorp (IN) by 28.1% in the second quarter. State Street Corp now owns 419,067 shares of the financial services provider’s stock valued at $11,043,000 after buying an additional 91,901 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Horizon Bancorp (IN) by 20.8% in the first quarter. Renaissance Technologies LLC now owns 290,070 shares of the financial services provider’s stock valued at $7,606,000 after buying an additional 49,900 shares in the last quarter. Hedge funds and other institutional investors own 45.13% of the company’s stock.

HBNC has been the topic of several recent analyst reports. Zacks Investment Research raised Horizon Bancorp (IN) from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. ValuEngine raised Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $32.00 target price on Horizon Bancorp (IN) and gave the stock a “buy” rating in a 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’s stock. Horizon Bancorp (IN) presently has a consensus rating of “Buy” and an average price target of $29.50.

Horizon Bancorp (IN) Company Profile

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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