News articles about Horizon Bancorp (NASDAQ:HBNC) have been trending somewhat positive on Friday, Alpha One reports. Alpha One, a subsidiary of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Horizon Bancorp earned a coverage optimism score of 0.10 on Alpha One’s scale. Alpha One also assigned headlines about the financial services provider an impact score of 37 out of 100, meaning that recent media coverage is unlikely to have an effect on the company’s share price in the near future.
Separately, Zacks Investment Research lowered Horizon Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 1st.
Horizon Bancorp (NASDAQ:HBNC) traded down 0.08% during trading on Friday, hitting $26.21. The stock had a trading volume of 33,324 shares. Horizon Bancorp has a 12-month low of $15.83 and a 12-month high of $28.63. The company has a market cap of $581.10 million, a P/E ratio of 22.03 and a beta of 0.79. The company has a 50 day moving average of $25.72 and a 200-day moving average of $26.64.
Horizon Bancorp (NASDAQ:HBNC) last released its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.06. The company earned $31.12 million during the quarter, compared to the consensus estimate of $34.40 million. Horizon Bancorp had a return on equity of 9.86% and a net margin of 16.55%. On average, equities analysts predict that Horizon Bancorp will post $1.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 21st. Stockholders of record on Friday, April 7th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $0.44 annualized dividend and a dividend yield of 1.68%. Horizon Bancorp’s dividend payout ratio (DPR) is presently 36.97%.
In other Horizon Bancorp news, Director Maurice F. Winkler III bought 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The stock was purchased at an average price of $25.55 per share, for a total transaction of $204,400.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.70% of the company’s stock.
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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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