Horizon Bancorp (HBNC) Earning Somewhat Positive News Coverage, Report Finds

News articles about Horizon Bancorp (NASDAQ:HBNC) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. 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 daily sentiment score of 0.06 on Accern’s scale. Accern also gave news stories 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 impact on the company’s share price in the next several days.

Shares of Horizon Bancorp (HBNC) opened at $28.16 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26. Horizon Bancorp has a fifty-two week low of $24.20 and a fifty-two week high of $29.25. The company has a market cap of $721.66, a price-to-earnings ratio of 20.26 and a beta of 0.98.

Horizon Bancorp (NASDAQ:HBNC) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Horizon Bancorp had a return on equity of 9.58% and a net margin of 20.03%. The business had revenue of $35.90 million for the quarter, compared to analyst estimates of $37.81 million. equities analysts forecast that Horizon Bancorp will post 1.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, January 4th. Horizon Bancorp’s dividend payout ratio is presently 37.41%.

HBNC has been the subject of a number of research reports. Zacks Investment Research raised shares of Horizon Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Wednesday, January 10th. Piper Jaffray Companies set a $32.00 price target on shares of Horizon Bancorp and gave the company 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 set a $29.50 target price on shares of Horizon Bancorp in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.13.

In other news, Director Michele M. Thompson sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $27.29, for a total value of $272,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig M. Dwight sold 15,365 shares of the business’s stock in a transaction 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 directly 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 have sold a total of 76,046 shares of company stock valued at $2,072,323 in the last ninety days. Company insiders own 5.40% 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.

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

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