1 day Ago By ABMN Staff
ExodusPoint Capital Management LP trimmed its position in shares of Horizon Bancorp, Inc. ( NASDAQ:HBNC – Free Report ) by 69.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 18,593 shares of the financial services provider’s stock after selling 42,944 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Horizon Bancorp were worth $300,000 at the end of the most recent reporting period. Other institutional investors and hedge funds also recently made changes to their positions in the company.
Trexquant Investment LP lifted its holdings in Horizon Bancorp by 34.6% during the fourth quarter. Trexquant Investment LP now owns 63,425 shares of the financial services provider’s stock worth $1,022,000 after acquiring an additional 16,299 shares in the last quarter.
JPMorgan Chase & Co. lifted its holdings in shares of Horizon Bancorp by 99.4% during the 4th quarter.
JPMorgan Chase & Co. now owns 212,568 shares of the financial services provider’s stock valued at $3,424,000 after purchasing an additional 105,959 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Horizon Bancorp in the 4th quarter valued at approximately $1,826,000.
Vanguard Group Inc. increased its stake in Horizon Bancorp by 3.9% during the 4th quarter.
Vanguard Group Inc. now owns 2,452,279 shares of the financial services provider’s stock worth $39,506,000 after purchasing an additional 91,476 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Horizon Bancorp during the 4th quarter worth approximately $143,000.
Institutional investors and hedge funds own 64.51% of the company’s stock. Horizon Bancorp Trading Down 0.
7 % NASDAQ HBNC opened at $12.92 on Monday. The stock has a market capitalization of $568.
67 million, a price-to-earnings ratio of 16.15 and a beta of 0.87.
Horizon Bancorp, Inc. has a 52 week low of $11.18 and a 52 week high of $19.
18. The stock’s 50 day moving average price is $15.75 and its two-hundred day moving average price is $16.
28. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.
88 and a current ratio of 0.88. Horizon Bancorp Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th.
Investors of record on Friday, April 4th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, April 4th.
This represents a $0.64 annualized dividend and a yield of 4.95%.
Horizon Bancorp’s payout ratio is presently 80.00%. Wall Street Analysts Forecast Growth Separately, Piper Sandler reduced their price target on shares of Horizon Bancorp from $20.
00 to $19.00 and set a “neutral” rating for the company in a report on Monday, January 27th. View Our Latest Stock Report on Horizon Bancorp About Horizon Bancorp ( Free Report ) Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services.
The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits. Read More Want to see what other hedge funds are holding HBNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Horizon Bancorp, Inc.
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