Bank of America Corp DE increased its position in shares of Horizon Bancorp (IN) (NASDAQ:HBNC) by 53.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,321 shares of the financial services provider’s stock after buying an additional 4,317 shares during the period. Bank of America Corp DE owned 0.06% of Horizon Bancorp (IN) worth $323,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in HBNC. Virginia Retirement Systems ET AL acquired a new position in Horizon Bancorp (IN) during the first quarter valued at $233,000. Trexquant Investment LP acquired a new position in Horizon Bancorp (IN) during the first quarter valued at $255,000. Menta Capital LLC acquired a new position in Horizon Bancorp (IN) during the first quarter valued at $283,000. American Century Companies Inc. acquired a new position in Horizon Bancorp (IN) during the first quarter valued at $288,000. Finally, American International Group Inc. raised its position in Horizon Bancorp (IN) by 21.3% in the first quarter. American International Group Inc. now owns 11,747 shares of the financial services provider’s stock valued at $308,000 after buying an additional 2,065 shares during the last quarter. Institutional investors own 47.43% of the company’s stock.

Shares of Horizon Bancorp (NASDAQ:HBNC) traded up 0.5000% during trading on Wednesday, reaching $26.0697. 16,081 shares of the company’s stock were exchanged. Horizon Bancorp has a 52-week low of $17.70 and a 52-week high of $28.63. The company has a 50 day moving average of $26.21 and a 200 day moving average of $26.07. The firm has a market capitalization of $578.12 million, a P/E ratio of 19.6160 and a beta of 0.98.

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Several equities analysts recently weighed in on the stock. Piper Jaffray Companies set a $32.00 target price on shares of Horizon Bancorp (IN) and gave the company a “buy” rating in a report on Saturday, July 29th. Zacks Investment Research upgraded shares of Horizon Bancorp (IN) from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, July 3rd. Finally, ValuEngine upgraded shares of Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Horizon Bancorp (IN) currently has a consensus rating of “Buy” and a consensus target price of $29.50.

In related news, insider James D. Neff sold 1,800 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $26.25, for a total transaction of $47,250.00. Following the transaction, the insider now directly owns 147,176 shares in the company, valued at $3,863,370. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider James D. Neff sold 4,799 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $26.75, for a total transaction of $128,373.25. Following the completion of the transaction, the insider now owns 147,176 shares in the company, valued at $3,936,958. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.

About Horizon Bancorp (IN)

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

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