Horizon Bancorp (IN) (NASDAQ:HBNC) Receiving Somewhat Favorable Media Coverage, Report Shows

News headlines about Horizon Bancorp (IN) (NASDAQ:HBNC) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Horizon Bancorp (IN) earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.3383027386772 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Horizon Bancorp (HBNC) opened at 25.53 on Friday. The stock has a market capitalization of $566.15 million, a price-to-earnings ratio of 19.21 and a beta of 0.98. Horizon Bancorp has a 52-week low of $17.70 and a 52-week high of $28.63. The stock has a 50 day moving average price of $26.34 and a 200-day moving average price of $26.09.

The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a $0.13 dividend. This is a boost from Horizon Bancorp (IN)’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, July 5th. Horizon Bancorp (IN)’s payout ratio is presently 39.10%.

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $29.00 target price on shares of Horizon Bancorp (IN) in a report on Wednesday, April 26th. Zacks Investment Research upgraded Horizon Bancorp (IN) from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. ValuEngine upgraded Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $32.00 price target on Horizon Bancorp (IN) and gave the company a “buy” rating in a research report on Saturday, July 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $29.50.

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In other Horizon Bancorp (IN) news, insider James D. Neff sold 4,799 shares of Horizon Bancorp (IN) stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $26.75, for a total value of $128,373.25. Following the completion of the sale, the insider now directly owns 147,176 shares of the company’s stock, valued at approximately $3,936,958. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.40% of the stock is currently owned by insiders.

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.

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