News articles about Horizon Bancorp (NASDAQ:HBNC) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Horizon Bancorp earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 44.8854167065283 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Horizon Bancorp (NASDAQ HBNC) opened at $28.16 on Wednesday. Horizon Bancorp has a one year low of $24.20 and a one year high of $29.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.26. The stock has a market cap of $721.66, a P/E ratio of 20.26 and a beta of 0.98.
Horizon Bancorp (NASDAQ:HBNC) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Horizon Bancorp had a net margin of 20.03% and a return on equity of 9.58%. The firm had revenue of $35.90 million during the quarter, compared to the consensus estimate of $37.81 million. sell-side analysts forecast that Horizon Bancorp will post 1.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, January 4th. Horizon Bancorp’s dividend payout ratio (DPR) is currently 37.41%.
HBNC has been the subject of a number of analyst reports. BidaskClub cut shares of Horizon Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Zacks Investment Research cut shares of Horizon Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Piper Jaffray Companies set a $32.00 price target on shares of Horizon Bancorp and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Sandler O’Neill restated a “hold” rating and set a $29.50 price target on shares of Horizon Bancorp in a research note on Wednesday, January 3rd. One investment 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. Horizon Bancorp has an average rating of “Buy” and an average price target of $30.13.
In other news, Director Michele M. Thompson sold 10,000 shares of Horizon Bancorp stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $27.29, for a total value of $272,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig M. Dwight sold 15,365 shares of Horizon Bancorp stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $27.42, for a total transaction of $421,308.30. Following the completion of the transaction, the chief executive officer now owns 150,625 shares of the company’s stock, valued at approximately $4,130,137.50. The disclosure for this sale can be found here. Insiders sold 76,046 shares of company stock valued at $2,072,323 in the last quarter. 5.40% of the stock is currently owned by corporate insiders.
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About Horizon Bancorp
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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