GSA Capital Partners LLP Buys Shares of 50,188 Horizon Bancorp (IN) $HBNC

GSA Capital Partners LLP bought a new stake in Horizon Bancorp (IN) (NASDAQ:HBNC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 50,188 shares of the financial services provider’s stock, valued at approximately $851,000. GSA Capital Partners LLP owned approximately 0.10% of Horizon Bancorp (IN) as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Rafferty Asset Management LLC increased its stake in Horizon Bancorp (IN) by 3.9% in the second quarter. Rafferty Asset Management LLC now owns 24,844 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 941 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Horizon Bancorp (IN) by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,722 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 1,057 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Horizon Bancorp (IN) by 2.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 50,097 shares of the financial services provider’s stock valued at $850,000 after purchasing an additional 1,193 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Horizon Bancorp (IN) by 9.6% in the fourth quarter. Sanctuary Advisors LLC now owns 14,845 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Horizon Bancorp (IN) by 11.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,525 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 1,492 shares in the last quarter. Institutional investors own 64.51% of the company’s stock.

Analyst Ratings Changes

HBNC has been the subject of several recent analyst reports. Zacks Research raised shares of Horizon Bancorp (IN) from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Keefe, Bruyette & Woods increased their price objective on shares of Horizon Bancorp (IN) from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Wall Street Zen downgraded shares of Horizon Bancorp (IN) from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised shares of Horizon Bancorp (IN) from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Finally, Piper Sandler reissued a “neutral” rating and set a $21.00 price objective (down from $22.00) on shares of Horizon Bancorp (IN) in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.67.

Horizon Bancorp (IN) Stock Down 0.4%

Shares of HBNC stock opened at $18.34 on Friday. The firm has a fifty day moving average of $17.33 and a 200-day moving average of $17.27. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.22. Horizon Bancorp has a 12-month low of $14.34 and a 12-month high of $19.07. The company has a market capitalization of $941.39 million, a price-to-earnings ratio of -5.77 and a beta of 0.83.

Horizon Bancorp (IN) (NASDAQ:HBNC) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Horizon Bancorp (IN) had a negative net margin of 37.28% and a positive return on equity of 12.41%. The company had revenue of $73.48 million during the quarter, compared to the consensus estimate of $76.11 million. As a group, equities research analysts predict that Horizon Bancorp will post 2.1 earnings per share for the current fiscal year.

Horizon Bancorp (IN) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Friday, April 3rd were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, April 2nd. This represents a $0.64 annualized dividend and a yield of 3.5%. Horizon Bancorp (IN)’s dividend payout ratio is presently -20.13%.

About Horizon Bancorp (IN)

Horizon Bancorp (NASDAQ: HBNC) is a financial holding company headquartered in Columbus, Indiana, offering community banking and wealth management services through its subsidiary, Horizon Bank. As a locally focused institution, it provides a full range of retail and commercial banking products, including checking and savings accounts, consumer and mortgage lending, commercial real estate financing, and treasury management solutions.

In addition to traditional deposit and loan products, Horizon Bancorp’s services encompass investment advisory and trust administration, retirement planning, and insurance products.