Horizon Bancorp (IN) (NASDAQ:HBNC) CFO Mark E. Secor sold 12,135 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $27.11, for a total transaction of $328,979.85. Following the transaction, the chief financial officer now directly owns 4,648 shares of the company’s stock, valued at approximately $126,007.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Horizon Bancorp (NASDAQ:HBNC) traded down $0.06 on Friday, hitting $27.44. 106,316 shares of the company traded hands, compared to its average volume of 64,652. The company has a market capitalization of $699.24, a P/E ratio of 17.74 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.26. Horizon Bancorp has a 12 month low of $24.17 and a 12 month high of $29.25.

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

A number of equities analysts have weighed in on HBNC shares. Zacks Investment Research downgraded shares of Horizon Bancorp (IN) from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. 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 Friday, October 6th. 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 a consensus price target of $29.75.

Several institutional investors and hedge funds have recently made changes to their positions in HBNC. Thrivent Financial For Lutherans bought a new stake in shares of Horizon Bancorp (IN) during the second quarter valued at approximately $3,951,000. Comerica Bank increased its position in shares of Horizon Bancorp (IN) by 576.9% during the third quarter. Comerica Bank now owns 156,531 shares of the financial services provider’s stock valued at $4,267,000 after acquiring an additional 133,406 shares in the last quarter. Rothschild Asset Management Inc. bought a new stake in shares of Horizon Bancorp (IN) during the third quarter valued at approximately $2,921,000. State Street Corp increased its position in shares of Horizon Bancorp (IN) by 28.1% during the second quarter. State Street Corp now owns 419,067 shares of the financial services provider’s stock valued at $11,043,000 after acquiring an additional 91,901 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Horizon Bancorp (IN) by 7.8% during the second quarter. Vanguard Group Inc. now owns 923,226 shares of the financial services provider’s stock valued at $24,326,000 after acquiring an additional 66,713 shares in the last quarter. 44.68% of the stock is owned by institutional investors.

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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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