Horizon Bancorp Inc (HBNC) Shares Sold by Rothschild & Co. Asset Management US Inc.

Rothschild & Co. Asset Management US Inc. lowered its position in Horizon Bancorp Inc (NASDAQ:HBNC) by 0.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 141,217 shares of the financial services provider’s stock after selling 705 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Horizon Bancorp were worth $2,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Great West Life Assurance Co. Can lifted its holdings in Horizon Bancorp by 123.1% during the first quarter. Great West Life Assurance Co. Can now owns 5,794 shares of the financial services provider’s stock worth $93,000 after buying an additional 3,197 shares during the period. Tradition Capital Management LLC lifted its holdings in Horizon Bancorp by 44.2% during the first quarter. Tradition Capital Management LLC now owns 143,954 shares of the financial services provider’s stock worth $2,316,000 after buying an additional 44,118 shares during the period. California Public Employees Retirement System lifted its holdings in Horizon Bancorp by 49.6% during the first quarter. California Public Employees Retirement System now owns 88,314 shares of the financial services provider’s stock worth $1,421,000 after buying an additional 29,263 shares during the period. Rhumbline Advisers lifted its holdings in Horizon Bancorp by 1.3% during the first quarter. Rhumbline Advisers now owns 54,380 shares of the financial services provider’s stock worth $875,000 after buying an additional 701 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Horizon Bancorp during the first quarter worth $130,000. 46.10% of the stock is owned by institutional investors.

Shares of HBNC opened at $16.07 on Monday. Horizon Bancorp Inc has a 12 month low of $14.79 and a 12 month high of $22.13. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.84. The firm has a market cap of $724.00 million, a PE ratio of 12.65 and a beta of 0.99.

Horizon Bancorp (NASDAQ:HBNC) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Horizon Bancorp had a return on equity of 10.18% and a net margin of 24.71%. The firm had revenue of $42.99 million during the quarter, compared to analyst estimates of $41.93 million. Analysts forecast that Horizon Bancorp Inc will post 1.54 earnings per share for the current year.

A number of research firms have weighed in on HBNC. BidaskClub upgraded Horizon Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Zacks Investment Research upgraded Horizon Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, ValuEngine lowered Horizon Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Horizon Bancorp currently has an average rating of “Hold” and an average price target of $21.00.

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Horizon Bancorp Profile

Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers demand and time deposits. Its loan portfolio comprises commercial, residential real estate, mortgage warehouse, and consumer loans. The company also provides corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products.

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

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