Horizon Bancorp (NASDAQ:HBNC) declared a quarterly dividend on Tuesday, December 19th, NASDAQ reports. Stockholders of record on Friday, January 5th will be paid a dividend of 0.13 per share by the financial services provider on Friday, January 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, January 4th.
Horizon Bancorp (NASDAQ HBNC) opened at $28.32 on Friday. Horizon Bancorp has a 52 week low of $24.20 and a 52 week high of $29.25. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26. The company has a market cap of $721.65, a price-to-earnings ratio of 18.27 and a beta of 0.98.
Horizon Bancorp (NASDAQ:HBNC) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). The company had revenue of $35.90 million for the quarter, compared to the consensus estimate of $37.81 million. Horizon Bancorp had a net margin of 20.03% and a return on equity of 9.58%. equities research analysts predict that Horizon Bancorp will post 1.61 earnings per share for the current fiscal year.
In other Horizon Bancorp news, CEO Craig M. Dwight sold 15,365 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $27.42, for a total transaction of $421,308.30. Following the transaction, the chief executive officer now owns 150,625 shares of the company’s stock, valued at approximately $4,130,137.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Craig M. Dwight sold 19,440 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $27.19, for a total transaction of $528,573.60. Following the transaction, the chief executive officer now directly owns 154,223 shares in the company, valued at approximately $4,193,323.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,046 shares of company stock worth $2,072,323. Corporate insiders own 5.40% of the company’s stock.
HBNC has been the topic of a number of research reports. Zacks Investment Research cut shares of Horizon Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Piper Jaffray Companies set a $32.00 price objective on shares of Horizon Bancorp and gave the stock a “buy” rating in a report on Friday, October 6th. BidaskClub raised shares of Horizon Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $29.50 price objective on shares of Horizon Bancorp in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.13.
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Horizon Bancorp Company Profile
Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities and Horizon Risk Management, Inc The Company operates through commercial banking segment.
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