Horizon Bancorp (IN) (HBNC) Receiving Somewhat Favorable News Coverage, Accern Reports
Media headlines about Horizon Bancorp (IN) (NASDAQ:HBNC) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Horizon Bancorp (IN) earned a news impact score of 0.17 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.4010184704035 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Horizon Bancorp (HBNC) traded up 0.81% on Friday, reaching $27.43. 33,278 shares of the company’s stock were exchanged. Horizon Bancorp has a 1-year low of $17.70 and a 1-year high of $28.63. The firm has a market capitalization of $608.29 million, a price-to-earnings ratio of 20.64 and a beta of 0.99. The stock’s 50 day moving average price is $25.95 and its 200 day moving average price is $26.06.
A number of brokerages have recently issued reports on HBNC. Zacks Investment Research upgraded shares of Horizon Bancorp (IN) from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. ValuEngine raised shares of Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $32.00 price target on shares of Horizon Bancorp (IN) and gave the company a “buy” rating in a research report on Saturday, July 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $29.50.
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In other Horizon Bancorp (IN) news, insider James D. Neff sold 6,643 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $26.05, for a total transaction of $173,050.15. Following the transaction, the insider now owns 147,176 shares of the company’s stock, valued at approximately $3,833,934.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James D. Neff sold 11,012 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $26.05, for a total transaction of $286,862.60. Following the transaction, the insider now directly owns 147,176 shares in the company, valued at approximately $3,833,934.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,254 shares of company stock worth $713,536. Corporate insiders own 5.40% of the company’s stock.
Horizon Bancorp (IN) 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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