Horizon Bancorp (HBNC) Given Coverage Optimism Score of 0.33
Press coverage about Horizon Bancorp (NASDAQ:HBNC) has trended positive this week, Alpha One Sentiment reports. The research firm, a service of Accern, identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public 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 0.33 on Alpha One’s scale. Alpha One also gave media coverage about the financial services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
HBNC has been the topic of a number of analyst reports. Zacks Investment Research upgraded Horizon Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, March 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $29.00 price objective on shares of Horizon Bancorp in a research note on Wednesday, April 26th.
Horizon Bancorp (NASDAQ:HBNC) traded up 0.92% during midday trading on Thursday, reaching $25.28. The company had a trading volume of 29,106 shares. The firm has a market capitalization of $560.61 million, a price-to-earnings ratio of 20.00 and a beta of 0.79. The stock’s 50 day moving average is $26.16 and its 200 day moving average is $26.12. Horizon Bancorp has a 12-month low of $15.83 and a 12-month high of $28.63.
Horizon Bancorp (NASDAQ:HBNC) last posted its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.07. Horizon Bancorp had a return on equity of 9.86% and a net margin of 16.55%. The business had revenue of $33.13 million during the quarter, compared to analysts’ expectations of $34.97 million. Equities research analysts expect that Horizon Bancorp will post $1.73 earnings per share for the current year.
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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