GSA Capital Partners LLP lowered its position in Horizon Bancorp (NASDAQ:HBNC) by 17.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,853 shares of the financial services provider’s stock after selling 2,261 shares during the period. GSA Capital Partners LLP’s holdings in Horizon Bancorp were worth $317,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Horizon Bancorp by 0.4% during the second quarter. Wells Fargo & Company MN now owns 49,624 shares of the financial services provider’s stock worth $1,307,000 after purchasing an additional 189 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Horizon Bancorp by 3.3% during the second quarter. Nationwide Fund Advisors now owns 14,031 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 449 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Horizon Bancorp by 14.2% during the second quarter. Legal & General Group Plc now owns 5,331 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 662 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Horizon Bancorp by 6.2% during the second quarter. American Century Companies Inc. now owns 11,664 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 678 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Horizon Bancorp by 9.0% during the second quarter. Voya Investment Management LLC now owns 14,419 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 1,191 shares in the last quarter. Institutional investors and hedge funds own 44.67% of the company’s stock.

Shares of Horizon Bancorp (HBNC) opened at $26.88 on Tuesday. Horizon Bancorp has a one year low of $24.20 and a one year high of $29.25. The stock has a market cap of $689.04, a PE ratio of 19.34 and a beta of 0.98. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.96 and a current ratio of 0.96.

Horizon Bancorp (NASDAQ:HBNC) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). Horizon Bancorp had a net margin of 20.03% and a return on equity of 9.58%. The business had revenue of $35.90 million for the quarter, compared to analysts’ expectations of $37.81 million. equities analysts expect that Horizon Bancorp will post 1.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.52 annualized dividend and a yield of 1.93%. Horizon Bancorp’s dividend payout ratio is presently 37.41%.

A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Horizon Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday. Sandler O’Neill reissued a “hold” rating and set a $29.50 target price on shares of Horizon Bancorp in a research note on Wednesday, January 3rd. BidaskClub cut shares of Horizon Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. Finally, Piper Jaffray Companies set a $32.00 target price on shares of Horizon Bancorp and gave the stock a “buy” rating in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.38.

In other Horizon Bancorp news, CEO Craig M. Dwight sold 3,200 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $27.06, for a total value of $86,592.00. Following the transaction, the chief executive officer now directly owns 150,625 shares in the company, valued at approximately $4,075,912.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig M. Dwight sold 15,365 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $27.42, for a total transaction of $421,308.30. Following the completion of the transaction, the chief executive officer now owns 150,625 shares in the company, valued at $4,130,137.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,046 shares of company stock valued at $2,072,323. 5.40% of the stock is owned by corporate insiders.

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Horizon Bancorp 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.

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Institutional Ownership by Quarter for Horizon Bancorp (NASDAQ:HBNC)

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