Horizon Bancorp (IN) (NASDAQ:HBNC) – Analysts at FIG Partners issued their FY2017 earnings per share estimates for Horizon Bancorp (IN) in a report released on Monday. FIG Partners analyst B. Martin expects that the financial services provider will earn $1.59 per share for the year. FIG Partners also issued estimates for Horizon Bancorp (IN)’s Q4 2018 earnings at $0.52 EPS.

HBNC has been the subject of a number of other reports. Zacks Investment Research cut Horizon Bancorp (IN) from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Piper Jaffray Companies set a $32.00 price target on Horizon Bancorp (IN) and gave the company a “buy” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Horizon Bancorp (IN) presently has a consensus rating of “Buy” and an average price target of $29.75.

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Horizon Bancorp (NASDAQ:HBNC) opened at 27.52 on Wednesday. Horizon Bancorp has a 1-year low of $18.33 and a 1-year high of $29.25. The company has a market cap of $610.28 million, a PE ratio of 20.71 and a beta of 1.00. The stock has a 50 day moving average price of $28.09 and a 200 day moving average price of $26.64.

Horizon Bancorp (IN) (NASDAQ:HBNC) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). Horizon Bancorp (IN) had a return on equity of 9.88% and a net margin of 20.03%. The business had revenue of $35.90 million during the quarter, compared to the consensus estimate of $37.81 million.

A number of hedge funds have recently added to or reduced their stakes in HBNC. Thrivent Financial For Lutherans acquired a new stake in Horizon Bancorp (IN) during the 2nd quarter valued at $3,951,000. State Street Corp increased its stake in shares of Horizon Bancorp (IN) by 28.1% in the 2nd 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 during the period. Vanguard Group Inc. increased its stake in shares of Horizon Bancorp (IN) by 7.8% in the 2nd 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 during the period. Dimensional Fund Advisors LP increased its stake in shares of Horizon Bancorp (IN) by 13.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 571,857 shares of the financial services provider’s stock valued at $14,994,000 after buying an additional 65,573 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Horizon Bancorp (IN) by 20.8% in the 1st 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 during the period. 40.74% of the stock is owned by hedge funds and other institutional investors.

In related news, insider James D. Neff sold 1,800 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $26.25, for a total transaction of $47,250.00. Following the completion of the sale, the insider now directly owns 147,176 shares of the company’s stock, valued at approximately $3,863,370. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas H. Edwards sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $26.00, for a total value of $78,000.00. Following the sale, the insider now directly owns 1,689 shares of the company’s stock, valued at $43,914. The disclosure for this sale can be found here. Insiders have sold a total of 27,254 shares of company stock valued at $713,536 over the last ninety days. Insiders own 5.40% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.52 dividend on an annualized basis and a yield of 1.89%. Horizon Bancorp (IN)’s dividend payout ratio is 37.41%.

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.

Earnings History and Estimates for Horizon Bancorp (IN) (NASDAQ:HBNC)

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