Stifel Financial Corp Sells 3,208 Shares of Horizon Bancorp (IN) (HBNC)

Stifel Financial Corp reduced its stake in Horizon Bancorp (IN) (NASDAQ:HBNC) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,832 shares of the financial services provider’s stock after selling 3,208 shares during the period. Stifel Financial Corp owned approximately 0.07% of Horizon Bancorp (IN) worth $392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HBNC. Legal & General Group Plc increased its holdings in Horizon Bancorp (IN) by 14.2% in the 2nd quarter. Legal & General Group Plc now owns 5,331 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 662 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Horizon Bancorp (IN) in the 2nd quarter valued at $205,000. Goldman Sachs Group Inc. increased its holdings in Horizon Bancorp (IN) by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,214 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 519 shares in the last quarter. Virginia Retirement Systems ET AL increased its holdings in Horizon Bancorp (IN) by 29.2% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 11,500 shares of the financial services provider’s stock valued at $303,000 after purchasing an additional 2,600 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Horizon Bancorp (IN) by 6.2% in the 2nd quarter. American Century Companies Inc. now owns 11,664 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 40.74% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/11/02/stifel-financial-corp-sells-3208-shares-of-horizon-bancorp-in-hbnc.html.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Horizon Bancorp (IN) from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Piper Jaffray Companies set a $32.00 price target on Horizon Bancorp (IN) and gave the company a “buy” rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Horizon Bancorp (IN) currently has a consensus rating of “Buy” and an average price target of $29.75.

In related news, insider James D. Neff sold 1,800 shares of Horizon Bancorp (IN) stock in a transaction on Friday, August 25th. The shares were sold at an average price of $26.25, for a total value of $47,250.00. Following the completion of the sale, the insider now owns 147,176 shares of the company’s stock, valued at approximately $3,863,370. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James D. Neff sold 11,012 shares of Horizon Bancorp (IN) stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $26.05, for a total transaction of $286,862.60. Following the completion of the sale, the insider now directly owns 147,176 shares of the company’s stock, valued at approximately $3,833,934.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,254 shares of company stock valued at $713,536. 5.40% of the stock is owned by company insiders.

Horizon Bancorp (IN) (NASDAQ:HBNC) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). Horizon Bancorp (IN) had a net margin of 20.03% and a return on equity of 9.88%. The business had revenue of $35.90 million during the quarter, compared to analyst estimates of $37.81 million.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, October 5th. Horizon Bancorp (IN)’s payout ratio is presently 37.41%.

Horizon Bancorp (IN) Company Profile

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.

Institutional Ownership by Quarter for Horizon Bancorp (IN) (NASDAQ:HBNC)

What are top analysts saying about Horizon Bancorp (IN)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Horizon Bancorp (IN) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit