Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 83,693 Horizon Bancorp, Inc. (NASDAQ:HBNC)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Horizon Bancorp, Inc. (NASDAQ:HBNC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 83,693 shares of the financial services provider's stock, valued at approximately $1,348,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.19% of Horizon Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of HBNC. Jones Financial Companies Lllp lifted its position in shares of Horizon Bancorp by 362.6% in the fourth 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. Aquatic Capital Management LLC purchased a new stake in shares of Horizon Bancorp in the fourth quarter valued at $51,000. Quarry LP lifted its position in shares of Horizon Bancorp by 64.4% in the fourth quarter. Quarry LP now owns 3,450 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 1,352 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Horizon Bancorp in the fourth quarter valued at $82,000. Finally, POM Investment Strategies LLC purchased a new stake in shares of Horizon Bancorp in the fourth quarter valued at $92,000. Institutional investors and hedge funds own 64.51% of the company's stock.

Analyst Ratings Changes

HBNC has been the topic of several recent research reports. Piper Sandler reduced their price objective on Horizon Bancorp from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Wall Street Zen downgraded Horizon Bancorp from a "buy" rating to a "hold" rating in a report on Friday. Finally, Keefe, Bruyette & Woods dropped their target price on Horizon Bancorp from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Friday, April 25th.

Horizon Bancorp Stock Up 2.3%

Shares of NASDAQ:HBNC traded up $0.33 during mid-day trading on Friday, hitting $14.83. 165,512 shares of the company traded hands, compared to its average volume of 169,196. The firm has a market cap of $652.74 million, a P/E ratio of 18.54 and a beta of 0.85. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.88 and a current ratio of 0.88. Horizon Bancorp, Inc. has a 52-week low of $11.46 and a 52-week high of $19.18. The firm's 50 day simple moving average is $14.52 and its 200 day simple moving average is $15.88.

Horizon Bancorp (NASDAQ:HBNC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. The business had revenue of $69.17 million for 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%. On average, equities analysts anticipate that Horizon Bancorp, Inc. will post 1.78 EPS for the current year.

Horizon Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.64 annualized dividend and a dividend yield of 4.32%. Horizon Bancorp's payout ratio is 62.75%.

About Horizon Bancorp

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.