PharVision Advisers LLC Buys Shares of 14,610 Horizon Bancorp, Inc. (NASDAQ:HBNC)

PharVision Advisers LLC bought a new stake in Horizon Bancorp, Inc. (NASDAQ:HBNC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 14,610 shares of the financial services provider’s stock, valued at approximately $235,000.

Several other institutional investors also recently bought and sold shares of HBNC. Jones Financial Companies Lllp grew its position in Horizon Bancorp by 362.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,573 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,233 shares in the last quarter. R Squared Ltd acquired a new position in shares of Horizon Bancorp during the fourth quarter worth about $39,000. Aquatic Capital Management LLC acquired a new position in shares of Horizon Bancorp during the fourth quarter worth about $51,000. Quarry LP grew its position in shares of Horizon Bancorp by 64.4% during the fourth quarter. Quarry LP now owns 3,450 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,352 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Horizon Bancorp during the fourth quarter worth about $82,000. 64.51% of the stock is owned by institutional investors and hedge funds.

Horizon Bancorp Stock Performance

Shares of HBNC opened at $14.79 on Friday. The stock has a 50 day moving average price of $14.66 and a 200 day moving average price of $16.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $650.98 million, a price-to-earnings ratio of 18.49 and a beta of 0.82. Horizon Bancorp, Inc. has a 52-week low of $11.46 and a 52-week high of $19.18.

Horizon Bancorp (NASDAQ:HBNC) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $69.17 million during the quarter, compared to the consensus estimate of $64.52 million. Horizon Bancorp had a return on equity of 8.48% and a net margin of 9.86%. Research analysts predict that Horizon Bancorp, Inc. will post 1.78 EPS for the current fiscal year.

Horizon Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date was Friday, April 4th. Horizon Bancorp’s dividend payout ratio (DPR) is 62.75%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HBNC shares. Piper Sandler lowered their price objective on Horizon Bancorp from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price objective on Horizon Bancorp from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Friday, April 25th.

Horizon Bancorp Company Profile

Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits.