Trainer Retirement System of Texas bought a brand new stake in shares of Horizon Bancorp, Inc. (NASDAQ:HBNC – Get Rating) through the third quarter, based on its most up-to-date Type 13F submitting with the Securities & Trade Fee. The fund bought 37,856 shares of the monetary companies supplier’s inventory, valued at roughly $680,000. Trainer Retirement System of Texas owned 0.09% of Horizon Bancorp on the finish of the latest quarter.
A number of different giant buyers have additionally lately purchased and offered shares of HBNC. Wipfli Monetary Advisors LLC acquired a brand new place in Horizon Bancorp within the third quarter price about $26,000. Point72 Hong Kong Ltd acquired a brand new place in Horizon Bancorp within the 1st quarter price about $31,000. Quadrant Capital Group LLC elevated its place in Horizon Bancorp by 49.3% within the 2nd quarter. Quadrant Capital Group LLC now owns 1,994 shares of the monetary companies supplier’s inventory price $35,000 after buying a further 658 shares over the last quarter. Enterprise Visionary Companions LLC acquired a brand new place in Horizon Bancorp within the 2nd quarter price about $36,000. Lastly, Captrust Monetary Advisors elevated its place in Horizon Bancorp by 53.9% within the 1st quarter. Captrust Monetary Advisors now owns 3,399 shares of the monetary companies supplier’s inventory price $63,000 after buying a further 1,191 shares over the last quarter. 56.13% of the inventory is owned by institutional buyers and hedge funds.
Horizon Bancorp Buying and selling Up 0.5 %
Shares of HBNC opened at $16.32 on Friday. Horizon Bancorp, Inc. has a 1 yr low of $14.45 and a 1 yr excessive of $21.33. The corporate has a present ratio of 0.70, a fast ratio of 0.70 and a debt-to-equity ratio of 1.80. The inventory has a 50 day easy transferring common of $15.37 and a 200-day easy transferring common of $17.28. The inventory has a market cap of $717.10 million, a PE ratio of seven.63 and a beta of 0.93.
Horizon Bancorp Publicizes Dividend
The enterprise additionally lately introduced a quarterly dividend, which was paid on Friday, January twentieth. Stockholders of file on Friday, January sixth had been issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, January fifth. This represents a $0.64 dividend on an annualized foundation and a dividend yield of three.92%. Horizon Bancorp’s payout ratio is presently 29.91%.
Analyst Rankings Adjustments
A number of analysis analysts have weighed in on the corporate. Keefe, Bruyette & Woods lowered Horizon Bancorp from an “outperform” ranking to a “market carry out” ranking and dropped their goal value for the inventory from $23.00 to $18.00 in a analysis report on Thursday, October twenty seventh. Stephens decreased their goal value on Horizon Bancorp from $25.50 to $18.00 and set an “obese” ranking for the corporate in a analysis notice on Monday, October thirty first. Raymond James lower their value goal on Horizon Bancorp from $19.00 to $18.00 and set an “outperform” ranking for the corporate in a report on Friday, January twenty seventh. StockNews.com lower Horizon Bancorp from a “purchase” ranking to a “maintain” ranking in a report on Friday, October twenty eighth. Lastly, Piper Sandler lower their value goal on Horizon Bancorp to $18.00 in a report on Tuesday, November 1st.
Horizon Bancorp Firm Profile
Horizon Bancorp, Inc (Indiana) is a financial institution holding firm, which engages within the provision of economic and retail banking companies. It affords private banking, enterprise banking, funding and belief, and mortgage companies. The corporate was based in 1873 and is headquartered in Michigan Metropolis, IN.
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