Horizon Bancorp (HBNC) Receiving Somewhat Positive Press Coverage, Analysis Finds
Media stories about Horizon Bancorp (NASDAQ:HBNC) have been trending somewhat positive recently, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Horizon Bancorp earned a media sentiment score of 0.10 on AlphaOne’s scale. AlphaOne also assigned press coverage about the financial services provider an impact score of 37 out of 100, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the near future.
Separately, Zacks Investment Research lowered shares of Horizon Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 14th.
Shares of Horizon Bancorp (NASDAQ:HBNC) traded down 0.08% during midday trading on Friday, reaching $26.21. 33,324 shares of the company traded hands. The stock has a market capitalization of $581.10 million, a P/E ratio of 22.03 and a beta of 0.79. The stock’s 50-day moving average is $25.72 and its 200-day moving average is $26.64. Horizon Bancorp has a 1-year low of $15.83 and a 1-year high of $28.63.
Horizon Bancorp (NASDAQ:HBNC) last posted its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. The firm earned $31.12 million during the quarter, compared to analysts’ expectations of $34.40 million. Horizon Bancorp had a return on equity of 9.86% and a net margin of 16.55%. Equities analysts predict that Horizon Bancorp will post $1.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Friday, April 7th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, April 5th. Horizon Bancorp’s dividend payout ratio is presently 36.97%.
In related news, Director Maurice F. Winkler III acquired 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The stock was purchased at an average price of $25.55 per share, for a total transaction of $204,400.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.70% of the company’s stock.
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About Horizon Bancorp
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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