James D. Neff Sells 4,799 Shares of Horizon Bancorp (IN) (NASDAQ:HBNC) Stock

Horizon Bancorp (IN) (NASDAQ:HBNC) insider James D. Neff sold 4,799 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $26.75, for a total value of $128,373.25. Following the completion of the transaction, the insider now owns 147,176 shares of the company’s stock, valued at $3,936,958. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

COPYRIGHT VIOLATION NOTICE: “James D. Neff Sells 4,799 Shares of Horizon Bancorp (IN) (NASDAQ:HBNC) Stock” was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://transcriptdaily.com/2017/08/13/james-d-neff-sells-4799-shares-of-horizon-bancorp-in-nasdaqhbnc-stock.html.

Several hedge funds have recently made changes to their positions in HBNC. Catalyst Capital Advisors LLC bought a new stake in shares of Horizon Bancorp (IN) during the first quarter valued at about $454,000. Trexquant Investment LP bought a new stake in shares of Horizon Bancorp (IN) during the first quarter valued at about $255,000. Virginia Retirement Systems ET AL bought a new stake in shares of Horizon Bancorp (IN) during the first quarter valued at about $233,000. Bank of New York Mellon Corp boosted its stake in shares of Horizon Bancorp (IN) by 9.8% in the first quarter. Bank of New York Mellon Corp now owns 130,669 shares of the financial services provider’s stock valued at $3,427,000 after buying an additional 11,700 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Horizon Bancorp (IN) during the first quarter valued at about $288,000. 44.09% of the stock is owned by institutional investors.

HBNC has been the subject of several analyst reports. Piper Jaffray Companies set a $32.00 price objective on Horizon Bancorp (IN) and gave the stock a “buy” rating in a research report on Saturday, July 29th. Zacks Investment Research lowered Horizon Bancorp (IN) from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. ValuEngine upgraded Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $29.00 price target on shares of Horizon Bancorp (IN) in a research report on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Horizon Bancorp (IN) has a consensus rating of “Buy” and a consensus target price of $29.50.

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.

Receive News & Ratings for Horizon Bancorp (IN) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Bancorp (IN) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply