Catalyst Capital Advisors LLC grew its holdings in Horizon Bancorp (IN) (NASDAQ:HBNC) by 100.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,800 shares of the financial services provider’s stock after purchasing an additional 13,400 shares during the quarter. Catalyst Capital Advisors LLC owned about 0.11% of Horizon Bancorp (IN) worth $782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HBNC. Legal & General Group Plc lifted its stake in Horizon Bancorp (IN) by 14.2% in the 2nd quarter. Legal & General Group Plc now owns 5,331 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 662 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Horizon Bancorp (IN) in the 2nd quarter valued at approximately $205,000. Goldman Sachs Group Inc. increased its holdings in Horizon Bancorp (IN) by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,214 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 519 shares during the last quarter. Virginia Retirement Systems ET AL increased its holdings in Horizon Bancorp (IN) by 29.2% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 11,500 shares of the financial services provider’s stock valued at $303,000 after purchasing an additional 2,600 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Horizon Bancorp (IN) by 6.2% in the 2nd quarter. American Century Companies Inc. now owns 11,664 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 678 shares during the last quarter. 43.20% of the stock is currently owned by institutional investors and hedge funds.

In other Horizon Bancorp (IN) news, insider Thomas H. Edwards sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $26.00, for a total transaction of $78,000.00. Following the transaction, the insider now directly owns 1,689 shares in the company, valued at $43,914. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James D. Neff sold 1,800 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $26.25, for a total transaction of $47,250.00. Following the transaction, the insider now owns 147,176 shares in the company, valued at $3,863,370. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,020 shares of company stock worth $1,093,063. Company insiders own 5.40% of the company’s stock.

Shares of Horizon Bancorp (NASDAQ HBNC) traded up $0.11 during trading on Wednesday, hitting $27.30. 87,700 shares of the stock were exchanged, compared to its average volume of 61,637. Horizon Bancorp has a twelve month low of $22.05 and a twelve month high of $29.25. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $692.87, a price-to-earnings ratio of 17.54 and a beta of 0.99.

Horizon Bancorp (IN) (NASDAQ:HBNC) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Horizon Bancorp (IN) had a return on equity of 9.58% and a net margin of 20.03%. The firm had revenue of $35.90 million for the quarter, compared to analyst estimates of $37.81 million. equities analysts forecast that Horizon Bancorp will post 1.64 EPS for the current fiscal year.

Several equities analysts have commented on the stock. Piper Jaffray Companies set a $32.00 price target on shares of Horizon Bancorp (IN) and gave the stock a “buy” rating in a research note on Saturday, July 29th. Zacks Investment Research downgraded 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 assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $29.75.

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

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