Somewhat Positive News Coverage Somewhat Unlikely to Affect Horizon Bancorp (HBNC) Share Price
News coverage about Horizon Bancorp (NASDAQ:HBNC) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Horizon Bancorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.6786305549584 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Horizon Bancorp (HBNC) Upgraded at ValuEngine (americanbankingnews.com)
- $0.47 EPS Expected for Horizon Bancorp (HBNC) This Quarter (americanbankingnews.com)
- Recent Analysis Shows Horizon Bancorp, Hyster-Yale Materials Handling, Lydall, AmerisourceBergen, Netflix, and Visa Market Influences — Renewed Outlook, Key Drivers of Growth (finance.yahoo.com)
- FIG Partners Weighs in on Horizon Bancorp’s Q1 2018 Earnings (HBNC) (americanbankingnews.com)
- Research Analysts Issue Forecasts for Horizon Bancorp’s Q1 2019 Earnings (HBNC) (americanbankingnews.com)
A number of equities research analysts have recently weighed in on HBNC shares. Zacks Investment Research lowered Horizon Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $35.00 target price on shares of Horizon Bancorp in a research report on Monday, January 29th. BidaskClub lowered Horizon Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. ValuEngine upgraded Horizon Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $29.50 target price on shares of Horizon Bancorp in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Horizon Bancorp currently has an average rating of “Buy” and a consensus price target of $30.88.
Horizon Bancorp (NASDAQ:HBNC) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.06). The firm had revenue of $40.80 million during the quarter, compared to analysts’ expectations of $40.73 million. Horizon Bancorp had a net margin of 20.49% and a return on equity of 9.85%. equities analysts expect that Horizon Bancorp will post 2.16 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 5th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. Horizon Bancorp’s dividend payout ratio is currently 36.11%.
In other Horizon Bancorp news, CEO Craig M. Dwight sold 19,440 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $27.19, for a total value of $528,573.60. Following the sale, the chief executive officer now owns 154,223 shares in the company, valued at approximately $4,193,323.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark E. Secor sold 7,103 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $27.30, for a total value of $193,911.90. Following the completion of the sale, the chief financial officer now owns 10,183 shares in the company, valued at approximately $277,995.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,481 shares of company stock worth $1,564,423. 5.40% of the stock is owned by insiders.
About Horizon Bancorp
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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