Equities research analysts expect Horizon Bancorp (IN) (NASDAQ:HBNC) to announce earnings per share (EPS) of $0.44 for the current quarter, Zacks reports. Two analysts have made estimates for Horizon Bancorp (IN)’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.44. Horizon Bancorp (IN) posted earnings per share of $0.25 during the same quarter last year, which suggests a positive year over year growth rate of 76%. The business is scheduled to announce its next earnings results on Wednesday, January 24th.

On average, analysts expect that Horizon Bancorp (IN) will report full-year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.70. For the next year, analysts anticipate that the business will post earnings of $1.97 per share, with EPS estimates ranging from $1.90 to $2.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Horizon Bancorp (IN).

Horizon Bancorp (IN) (NASDAQ:HBNC) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). The company had revenue of $35.90 million during the quarter, compared to analyst estimates of $37.81 million. Horizon Bancorp (IN) had a return on equity of 9.88% and a net margin of 20.03%.

HBNC has been the subject of a number of recent analyst reports. 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 note on Saturday, July 29th. Zacks Investment Research lowered shares of Horizon Bancorp (IN) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $29.75.

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In related news, insider James D. Neff sold 1,800 shares of Horizon Bancorp (IN) stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $26.25, for a total value of $47,250.00. Following the completion of the sale, the insider now directly owns 147,176 shares in the company, valued at $3,863,370. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas H. Edwards sold 3,000 shares of Horizon Bancorp (IN) stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the sale, the insider now owns 1,689 shares of the company’s stock, valued at $43,914. The disclosure for this sale can be found here. Insiders have sold 37,820 shares of company stock valued at $1,006,471 over the last three months. Insiders own 5.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Sabal Trust CO raised its holdings in Horizon Bancorp (IN) by 0.4% in the second quarter. Sabal Trust CO now owns 16,540 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 69 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Horizon Bancorp (IN) by 0.4% in the second quarter. Wells Fargo & Company MN now owns 49,624 shares of the financial services provider’s stock worth $1,307,000 after purchasing an additional 189 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Horizon Bancorp (IN) by 3.3% in the second quarter. Nationwide Fund Advisors now owns 14,031 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 449 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Horizon Bancorp (IN) by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,214 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 519 shares in the last quarter. Finally, Credit Suisse AG raised its holdings in Horizon Bancorp (IN) by 5.0% in the first quarter. Credit Suisse AG now owns 12,139 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 573 shares in the last quarter. Hedge funds and other institutional investors own 40.81% of the company’s stock.

Horizon Bancorp (NASDAQ:HBNC) traded down $0.05 during mid-day trading on Tuesday, reaching $27.06. The company’s stock had a trading volume of 38,777 shares, compared to its average volume of 80,676. The stock has a market capitalization of $659.56, a P/E ratio of 17.49 and a beta of 0.98. Horizon Bancorp has a 1 year low of $18.33 and a 1 year high of $29.25. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.96 and a current ratio of 0.97.

The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, October 5th. Horizon Bancorp (IN)’s dividend payout ratio is currently 37.41%.

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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Earnings History and Estimates for Horizon Bancorp (IN) (NASDAQ:HBNC)

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