XTX Topco Ltd Invests $307,000 in Horizon Bancorp, Inc. (NASDAQ:HBNC)

XTX Topco Ltd purchased a new position in shares of Horizon Bancorp, Inc. (NASDAQ:HBNC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 19,045 shares of the financial services provider's stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HBNC. Jones Financial Companies Lllp grew its stake in shares of Horizon Bancorp by 362.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,573 shares of the financial services provider's stock worth $25,000 after purchasing an additional 1,233 shares during the period. R Squared Ltd acquired a new position in shares of Horizon Bancorp during the 4th quarter worth $39,000. POM Investment Strategies LLC acquired a new position in shares of Horizon Bancorp during the 4th quarter worth $92,000. Quantbot Technologies LP grew its stake in Horizon Bancorp by 4,298.5% in the 4th quarter. Quantbot Technologies LP now owns 8,753 shares of the financial services provider's stock valued at $141,000 after acquiring an additional 8,554 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Horizon Bancorp in the 4th quarter valued at about $143,000. 64.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Piper Sandler lowered their price objective on shares of Horizon Bancorp from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday. Keefe, Bruyette & Woods lowered their price objective on shares of Horizon Bancorp from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th.

Horizon Bancorp Trading Down 1.1 %

NASDAQ:HBNC traded down $0.16 on Wednesday, reaching $14.68. The stock had a trading volume of 140,159 shares, compared to its average volume of 166,240. The company has a market cap of $646.14 million, a price-to-earnings ratio of 18.35 and a beta of 0.87. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.88 and a quick ratio of 0.88. The firm's fifty day moving average is $14.90 and its two-hundred day moving average is $16.18. Horizon Bancorp, Inc. has a 12-month low of $11.46 and a 12-month high of $19.18.

Horizon Bancorp (NASDAQ:HBNC - Get Free Report) last released its 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 company 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%. Equities analysts expect that Horizon Bancorp, Inc. will post 1.78 EPS for the current fiscal year.

Horizon Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.64 dividend on an annualized basis and a yield of 4.36%. Horizon Bancorp's dividend payout ratio (DPR) is 62.75%.

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.