2 weeks Ago By ABMN Staff
Horizon Bancorp ( NASDAQ:HBNC – Get Free Report ) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday. HBNC has been the topic of a number of other research reports.
Piper Sandler boosted their target price on shares of Horizon Bancorp from $13.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, July 29th.
Keefe, Bruyette & Woods raised their target price on Horizon Bancorp from $14.00 to $16.00 and gave the company a “market perform” rating in a research note on Monday, July 29th.
Read Our Latest Stock Analysis on Horizon Bancorp Horizon Bancorp Trading Up 1.1 % Horizon Bancorp ( NASDAQ:HBNC – Get Free Report ) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $0.
32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01.
The company had revenue of $97.47 million for the quarter, compared to analyst estimates of $55.03 million.
Horizon Bancorp had a return on equity of 8.21% and a net margin of 5.50%.
During the same quarter in the prior year, the company earned $0.41 EPS. On average, equities research analysts forecast that Horizon Bancorp will post 1.
36 earnings per share for the current year. Institutional Inflows and Outflows Hedge funds have recently made changes to their positions in the business. Sapient Capital LLC purchased a new stake in Horizon Bancorp in the 4th quarter valued at $29,765,000.
Dimensional Fund Advisors LP grew its stake in shares of Horizon Bancorp by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,276,566 shares of the financial services provider’s stock worth $28,160,000 after acquiring an additional 135,217 shares in the last quarter.
PL Capital Advisors LLC raised its holdings in shares of Horizon Bancorp by 6.8% in the first quarter. PL Capital Advisors LLC now owns 1,623,174 shares of the financial services provider’s stock valued at $20,825,000 after purchasing an additional 103,084 shares during the last quarter.
Blue Trust Inc. lifted its position in shares of Horizon Bancorp by 88,223.7% during the first quarter.
Blue Trust Inc. now owns 67,126 shares of the financial services provider’s stock valued at $861,000 after purchasing an additional 67,050 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Horizon Bancorp by 11.
9% during the second quarter. AQR Capital Management LLC now owns 478,205 shares of the financial services provider’s stock worth $5,915,000 after purchasing an additional 50,666 shares during the last quarter. 64.
51% of the stock is currently owned by institutional investors and hedge funds. About Horizon Bancorp ( Get 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.
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