Horizon Bancorp Inc (NASDAQ:HBNC) Director Steven William Reed acquired 1,100 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average price of $17.01 per share, with a total value of $18,711.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of HBNC stock traded up $0.23 on Friday, hitting $16.99. The stock had a trading volume of 2,094 shares, compared to its average volume of 66,353. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $643.05 million, a P/E ratio of 16.67 and a beta of 1.13. Horizon Bancorp Inc has a one year low of $16.36 and a one year high of $22.13.
Horizon Bancorp (NASDAQ:HBNC) last released its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.06). The firm had revenue of $42.46 million during the quarter, compared to the consensus estimate of $43.43 million. Horizon Bancorp had a net margin of 24.49% and a return on equity of 10.28%. On average, analysts anticipate that Horizon Bancorp Inc will post 1.4 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Horizon Bancorp by 1.6% in the third quarter. BlackRock Inc. now owns 2,196,292 shares of the financial services provider’s stock worth $43,377,000 after purchasing an additional 34,061 shares in the last quarter. Advisory Research Inc. raised its holdings in Horizon Bancorp by 8.0% in the third quarter. Advisory Research Inc. now owns 1,681,565 shares of the financial services provider’s stock worth $33,211,000 after purchasing an additional 125,268 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Horizon Bancorp by 3.9% in the third quarter. The Manufacturers Life Insurance Company now owns 1,666,075 shares of the financial services provider’s stock worth $32,905,000 after purchasing an additional 62,845 shares in the last quarter. Vanguard Group Inc. raised its holdings in Horizon Bancorp by 1.2% in the third quarter. Vanguard Group Inc. now owns 1,649,159 shares of the financial services provider’s stock worth $32,571,000 after purchasing an additional 20,129 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Horizon Bancorp by 7.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,561,257 shares of the financial services provider’s stock worth $30,835,000 after purchasing an additional 101,765 shares in the last quarter. Institutional investors and hedge funds own 53.86% of the company’s stock.
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About Horizon Bancorp
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.
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