Thomson Horstmann & Bryant Inc. Has $1.30 Million Stake in Horizon Bancorp (HBNC)

Thomson Horstmann & Bryant Inc. lifted its holdings in shares of Horizon Bancorp (NASDAQ:HBNC) by 16.2% during the 4th quarter, Holdings Channel reports. The firm owned 46,847 shares of the financial services provider’s stock after buying an additional 6,527 shares during the period. Thomson Horstmann & Bryant Inc.’s holdings in Horizon Bancorp were worth $1,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of Horizon Bancorp by 14.2% during the 2nd quarter. Legal & General Group Plc now owns 5,331 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 662 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Horizon Bancorp during the 2nd quarter worth $205,000. Goldman Sachs Group Inc. increased its stake in shares of Horizon Bancorp by 20.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 9,914 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 1,700 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Horizon Bancorp by 6.2% during the 2nd quarter. American Century Companies Inc. now owns 11,664 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 678 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Horizon Bancorp by 70.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,938 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 5,768 shares during the last quarter. Institutional investors own 44.67% of the company’s stock.

Horizon Bancorp (HBNC) opened at $28.28 on Friday. Horizon Bancorp has a 12 month low of $24.20 and a 12 month high of $29.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.26. The stock has a market cap of $689.04, a price-to-earnings ratio of 20.35 and a beta of 0.98.

Horizon Bancorp (NASDAQ:HBNC) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Horizon Bancorp had a net margin of 22.76% and a return on equity of 8.75%. The firm had revenue of $35.90 million during the quarter, compared to analyst estimates of $37.81 million. equities analysts anticipate that Horizon Bancorp will post 1.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be paid a $0.13 dividend. The ex-dividend date is Thursday, January 4th. This represents a $0.52 dividend on an annualized basis and a yield of 1.84%. Horizon Bancorp’s payout ratio is presently 37.41%.

A number of research analysts recently issued reports on HBNC shares. Sandler O’Neill reiterated a “hold” rating and issued a $29.50 target price on shares of Horizon Bancorp in a research note on Wednesday, January 3rd. BidaskClub lowered shares of Horizon Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. Zacks Investment Research upgraded shares of Horizon Bancorp from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Wednesday. Finally, Piper Jaffray Companies set a $32.00 target price on shares of Horizon Bancorp and gave the company a “buy” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $30.13.

In related news, Director Michele M. Thompson sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $27.29, for a total value of $272,900.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Craig M. Dwight sold 15,365 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $27.42, for a total transaction of $421,308.30. Following the completion of the transaction, the chief executive officer now owns 150,625 shares in the company, valued at $4,130,137.50. The disclosure for this sale can be found here. Insiders sold a total of 76,046 shares of company stock worth $2,072,323 over the last quarter. 5.40% of the stock is currently owned by company insiders.

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Horizon Bancorp 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.

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Institutional Ownership by Quarter for Horizon Bancorp (NASDAQ:HBNC)

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