Dimensional Fund Advisors LP Purchases 81,943 Shares of Horizon Bancorp, Inc. (NASDAQ:HBNC)

Dimensional Fund Advisors LP lifted its position in Horizon Bancorp, Inc. (NASDAQ:HBNC - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,464,189 shares of the financial services provider's stock after buying an additional 81,943 shares during the quarter. Dimensional Fund Advisors LP owned about 5.64% of Horizon Bancorp worth $39,698,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HBNC. PL Capital Advisors LLC lifted its holdings in Horizon Bancorp by 1,521.9% in the 4th quarter. PL Capital Advisors LLC now owns 23,893,933 shares of the financial services provider's stock worth $384,931,000 after purchasing an additional 22,420,759 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Horizon Bancorp by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 2,452,279 shares of the financial services provider's stock worth $39,506,000 after buying an additional 91,476 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Horizon Bancorp by 11.7% during the 4th quarter. LSV Asset Management now owns 614,055 shares of the financial services provider's stock worth $9,892,000 after buying an additional 64,532 shares during the period. American Century Companies Inc. grew its stake in Horizon Bancorp by 0.9% in the 4th quarter. American Century Companies Inc. now owns 568,469 shares of the financial services provider's stock valued at $9,158,000 after buying an additional 5,129 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Horizon Bancorp by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 359,247 shares of the financial services provider's stock worth $5,787,000 after acquiring an additional 8,266 shares during the period. Institutional investors and hedge funds own 64.51% of the company's stock.

Horizon Bancorp Trading Down 1.2 %

NASDAQ:HBNC traded down $0.18 during trading hours on Friday, hitting $15.14. 64,899 shares of the stock were exchanged, compared to its average volume of 168,931. The company has a market capitalization of $666.39 million, a P/E ratio of 18.93 and a beta of 0.82. 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's 50 day moving average is $14.69 and its two-hundred day moving average is $16.16. Horizon Bancorp, Inc. has a twelve month low of $11.46 and a twelve month high of $19.18.

Horizon Bancorp (NASDAQ:HBNC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.54 earnings per share 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 analyst estimates of $64.52 million. Horizon Bancorp had a net margin of 9.86% and a return on equity of 8.48%. On average, sell-side analysts anticipate that Horizon Bancorp, Inc. will post 1.78 earnings per share for the current fiscal year.

Horizon Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, April 4th. Horizon Bancorp's dividend payout ratio (DPR) is presently 62.75%.

Analyst Ratings Changes

HBNC has been the subject of a number of research analyst reports. Piper Sandler cut their price target on Horizon Bancorp from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods cut their target price on shares of Horizon Bancorp from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Friday, April 25th.

Horizon Bancorp 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.