Tudor Investment Corp ET AL raised its stake in Horizon Bancorp, Inc. (NASDAQ:HBNC - Free Report) by 32.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,945 shares of the financial services provider's stock after acquiring an additional 31,796 shares during the quarter. Tudor Investment Corp ET AL owned about 0.30% of Horizon Bancorp worth $2,110,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. PL Capital Advisors LLC increased its stake in shares of 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 valued at $384,931,000 after buying an additional 22,420,759 shares during the period. Dimensional Fund Advisors LP lifted its position in Horizon Bancorp by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,464,189 shares of the financial services provider's stock valued at $39,698,000 after purchasing an additional 81,943 shares during the period. Vanguard Group Inc. boosted its stake in shares of Horizon Bancorp by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 2,452,279 shares of the financial services provider's stock valued at $39,506,000 after purchasing an additional 91,476 shares during the last quarter. LSV Asset Management grew its position 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. Finally, American Century Companies Inc. raised its stake in shares of Horizon Bancorp by 0.9% during the fourth quarter. American Century Companies Inc. now owns 568,469 shares of the financial services provider's stock worth $9,158,000 after buying an additional 5,129 shares during the last quarter. 64.51% of the stock is owned by institutional investors.
Horizon Bancorp Stock Down 1.2 %
Shares of NASDAQ:HBNC traded down $0.19 during midday trading on Friday, reaching $15.13. The company had a trading volume of 30,118 shares, compared to its average volume of 166,074. Horizon Bancorp, Inc. has a 1-year low of $11.46 and a 1-year high of $19.18. The stock has a market cap of $665.95 million, a PE ratio of 18.91 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 business's 50 day moving average price is $14.69 and its 200 day moving average price is $16.16.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.14. Horizon Bancorp had a return on equity of 8.48% and a net margin of 9.86%. The company had revenue of $69.17 million for the quarter, compared to analysts' expectations of $64.52 million. Research analysts forecast that Horizon Bancorp, Inc. will post 1.78 EPS for the current fiscal year.
Horizon Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Friday, April 4th. Horizon Bancorp's dividend payout ratio (DPR) is presently 62.75%.
Analyst Ratings Changes
HBNC has been the subject of several recent research reports. Keefe, Bruyette & Woods dropped 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 report on Friday, April 25th. Piper Sandler reduced their target price on Horizon Bancorp from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, April 28th.
Read Our Latest Research Report on HBNC
Horizon Bancorp Profile
(
Free Report)
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.
Featured Articles
Before you consider Horizon Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Horizon Bancorp wasn't on the list.
While Horizon Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
