Horizon Bancorp Inc (NASDAQ:HBNC) President James D. Neff bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was acquired at an average cost of $16.25 per share, for a total transaction of $48,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Horizon Bancorp stock traded up $0.01 during trading hours on Friday, hitting $16.41. 115,470 shares of the stock traded hands, compared to its average volume of 65,368. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $629.23 million, a price-to-earnings ratio of 16.09 and a beta of 1.11. Horizon Bancorp Inc has a one year low of $16.06 and a one year high of $22.13.
Horizon Bancorp (NASDAQ:HBNC) last posted its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.06). The firm had revenue of $42.46 million for the quarter, compared to the consensus estimate of $43.43 million. Horizon Bancorp had a net margin of 24.49% and a return on equity of 10.28%. On average, analysts predict that Horizon Bancorp Inc will post 1.4 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in Horizon Bancorp during the 2nd quarter valued at approximately $187,000. Russell Investments Group Ltd. boosted its position in Horizon Bancorp by 50.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,833 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 3,278 shares in the last quarter. AMI Investment Management Inc. bought a new stake in Horizon Bancorp during the 2nd quarter valued at approximately $223,000. Metropolitan Life Insurance Co. NY boosted its position in Horizon Bancorp by 50.0% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 11,660 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 3,887 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Horizon Bancorp by 50.0% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 11,895 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 3,965 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.
About Horizon Bancorp
Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. Its loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; and real estate, mortgage warehouse, and consumer loans.
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