News headlines about Horizon Bancorp (IN) (NASDAQ:HBNC) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Horizon Bancorp (IN) earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.1575793782932 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have effected Accern’s analysis:

A number of research analysts recently issued reports on HBNC shares. Piper Jaffray Companies set a $32.00 target price on shares of Horizon Bancorp (IN) and gave the company a “buy” rating in a research report on Saturday, July 29th. Zacks Investment Research downgraded shares of Horizon Bancorp (IN) from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Horizon Bancorp (IN) has a consensus rating of “Buy” and an average target price of $29.50.

Horizon Bancorp (NASDAQ HBNC) traded up 0.61% on Friday, reaching $28.22. 52,917 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $26.71 and a 200-day moving average price of $26.25. The company has a market capitalization of $625.81 million, a P/E ratio of 21.23 and a beta of 1.00. Horizon Bancorp has a 1-year low of $17.70 and a 1-year high of $29.25.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, October 5th. Horizon Bancorp (IN)’s dividend payout ratio (DPR) is presently 39.10%.

In other news, insider James D. Neff sold 4,799 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $26.75, for a total value of $128,373.25. Following the completion of the sale, the insider now owns 147,176 shares in the company, valued at approximately $3,936,958. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas H. Edwards sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. Following the completion of the sale, the insider now owns 1,689 shares of the company’s stock, valued at approximately $43,914. The disclosure for this sale can be found here. Insiders sold a total of 27,254 shares of company stock valued at $713,536 in the last 90 days. Company insiders own 5.40% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Horizon Bancorp (IN) (HBNC) Getting Somewhat Favorable Press Coverage, Report Shows” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at

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.

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

Receive News & Stock Ratings for Horizon Bancorp (IN) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Bancorp (IN) and related stocks with our FREE daily email newsletter.