Horizon Bancorp (IN) (NASDAQ:HBNC) insider James D. Neff sold 6,643 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $26.05, for a total transaction of $173,050.15. Following the completion of the transaction, the insider now directly owns 147,176 shares in the company, valued at $3,833,934.80. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Horizon Bancorp (NASDAQ:HBNC) traded down 0.50% during mid-day trading on Friday, hitting $26.04. 30,792 shares of the stock traded hands. The stock’s 50 day moving average is $26.16 and its 200-day moving average is $26.09. The company has a market cap of $577.46 million, a price-to-earnings ratio of 19.59 and a beta of 0.98. Horizon Bancorp has a 12 month low of $17.70 and a 12 month high of $28.63.

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

Several institutional investors have recently made changes to their positions in the stock. American International Group Inc. increased its position in shares of 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. Stephens Inc. AR purchased a new position in shares of Horizon Bancorp (IN) during the first quarter valued at about $1,000,000. Renaissance Technologies LLC increased its position in shares of Horizon Bancorp (IN) by 20.8% in the first quarter. Renaissance Technologies LLC now owns 290,070 shares of the financial services provider’s stock valued at $7,606,000 after buying an additional 49,900 shares during the last quarter. Thomson Horstmann & Bryant Inc. increased its position in shares of Horizon Bancorp (IN) by 9.6% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 41,602 shares of the financial services provider’s stock valued at $1,096,000 after buying an additional 3,640 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Horizon Bancorp (IN) by 27.3% in the first quarter. Stifel Financial Corp now owns 18,040 shares of the financial services provider’s stock valued at $473,000 after buying an additional 3,865 shares during the last quarter. 47.43% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Horizon Bancorp (IN) (NASDAQ:HBNC)

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