Thomas H. Edwards Sells 3,000 Shares of Horizon Bancorp (IN) (HBNC) Stock

Horizon Bancorp (IN) (NASDAQ:HBNC) insider Thomas H. Edwards sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the sale, the insider now directly owns 1,689 shares of the company’s stock, valued at approximately $43,914. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Horizon Bancorp (NASDAQ:HBNC) traded up 1.82% during midday trading on Tuesday, hitting $26.35. The company had a trading volume of 37,344 shares. The firm has a 50-day moving average price of $25.99 and a 200-day moving average price of $26.05. Horizon Bancorp has a 12 month low of $17.70 and a 12 month high of $28.63. The company has a market cap of $584.34 million, a price-to-earnings ratio of 19.83 and a beta of 0.99.

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HBNC has been the subject of several recent analyst reports. Zacks Investment Research raised Horizon Bancorp (IN) from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. ValuEngine raised Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $32.00 price target on Horizon Bancorp (IN) and gave the stock a “buy” rating in a report on Saturday, July 29th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.50.

A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in Horizon Bancorp (IN) by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,101,483 shares of the financial services provider’s stock worth $29,024,000 after buying an additional 29,557 shares during the last quarter. Vanguard Group Inc. grew its stake in Horizon Bancorp (IN) by 7.8% during the 2nd quarter. Vanguard Group Inc. now owns 923,226 shares of the financial services provider’s stock worth $24,326,000 after buying an additional 66,713 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Horizon Bancorp (IN) by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 613,289 shares of the financial services provider’s stock worth $16,160,000 after buying an additional 41,432 shares during the last quarter. State Street Corp grew its stake in Horizon Bancorp (IN) by 28.1% during the 2nd quarter. State Street Corp now owns 419,067 shares of the financial services provider’s stock worth $11,043,000 after buying an additional 91,901 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Horizon Bancorp (IN) by 20.8% during the 1st quarter. Renaissance Technologies LLC now owns 290,070 shares of the financial services provider’s stock worth $7,606,000 after buying an additional 49,900 shares during the last quarter. Hedge funds and other institutional investors own 45.13% of the company’s stock.

About Horizon Bancorp (IN)

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.

Insider Buying and Selling by Quarter for Horizon Bancorp (IN) (NASDAQ:HBNC)

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