Somewhat Positive Press Coverage Somewhat Unlikely to Impact Horizon Bancorp (HBNC) Share Price
News headlines about Horizon Bancorp (NASDAQ:HBNC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Horizon Bancorp earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.874326271745 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Horizon Bancorp (Indiana) :HBNC-US: Earnings Analysis: Q3, 2017 By the Numbers : December 12, 2017 (finance.yahoo.com)
- Should You Be Content With Horizon Bancorp’s (undefined:HBNC) 8% Earnings Growth? (finance.yahoo.com)
- BidaskClub Upgrades Horizon Bancorp (HBNC) to “Hold” (americanbankingnews.com)
- Financial Comparison: Texas Capital Bancshares (TCBI) & Horizon Bancorp (HBNC) (americanbankingnews.com)
Horizon Bancorp (NASDAQ HBNC) opened at $27.19 on Wednesday. The stock has a market capitalization of $684.20, a price-to-earnings ratio of 17.32 and a beta of 0.98. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26. Horizon Bancorp has a 1-year low of $24.20 and a 1-year high of $29.25.
Horizon Bancorp (NASDAQ:HBNC) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The business had revenue of $35.90 million for the quarter, compared to the consensus estimate of $37.81 million. Horizon Bancorp had a net margin of 20.03% and a return on equity of 9.58%. analysts predict that Horizon Bancorp will post 1.64 EPS for the current year.
Several research firms have commented on HBNC. BidaskClub raised Horizon Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research downgraded Horizon Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Finally, Piper Jaffray Companies set a $32.00 target price on Horizon Bancorp and gave the stock a “buy” rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Horizon Bancorp presently has a consensus rating of “Buy” and a consensus price target of $30.67.
In other Horizon Bancorp news, CEO Craig M. Dwight sold 15,365 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $27.42, for a total value of $421,308.30. Following the completion of the sale, the chief executive officer now owns 150,625 shares in the company, valued at $4,130,137.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Craig M. Dwight sold 19,440 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $27.19, for a total value of $528,573.60. Following the completion of the sale, the chief executive officer now owns 154,223 shares of the company’s stock, valued at approximately $4,193,323.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,046 shares of company stock valued at $1,799,423. 5.40% of the stock is owned by company insiders.
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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