Equities analysts expect Horizon Bancorp (IN) (NASDAQ:HBNC) to post earnings per share of $0.47 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Horizon Bancorp (IN)’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.46. Horizon Bancorp (IN) reported earnings per share of $0.34 in the same quarter last year, which would suggest a positive year-over-year growth rate of 38.2%. The company is expected to announce its next earnings results on Tuesday, April 24th.

On average, analysts expect that Horizon Bancorp (IN) will report full-year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.09 to $2.18. For the next year, analysts forecast that the company will report earnings of $2.33 per share, with EPS estimates ranging from $2.25 to $2.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Horizon Bancorp (IN).

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Horizon Bancorp (IN) (NASDAQ:HBNC) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Horizon Bancorp (IN) had a return on equity of 9.28% and a net margin of 20.49%. The firm had revenue of $40.80 million during the quarter, compared to analyst estimates of $40.73 million.

A number of equities research analysts have recently commented on HBNC shares. Zacks Investment Research upgraded Horizon Bancorp (IN) from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a research report on Friday, December 29th. Sandler O’Neill reiterated a “hold” rating and set a $29.50 price objective on shares of Horizon Bancorp (IN) in a research report on Wednesday, January 3rd. BidaskClub downgraded Horizon Bancorp (IN) from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Piper Jaffray reiterated a “buy” rating and set a $35.00 price objective on shares of Horizon Bancorp (IN) in a research report on Monday, January 29th. Finally, ValuEngine upgraded Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $31.88.

In other Horizon Bancorp (IN) news, insider Dennis Kuhn sold 7,500 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the sale, the insider now directly owns 7,500 shares of the company’s stock, valued at approximately $225,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.60% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the business. SWS Partners acquired a new stake in Horizon Bancorp (IN) during the 4th quarter valued at $1,895,000. MetLife Investment Advisors LLC acquired a new stake in Horizon Bancorp (IN) during the 4th quarter valued at $270,000. Millennium Management LLC raised its stake in Horizon Bancorp (IN) by 216.8% during the 4th quarter. Millennium Management LLC now owns 25,632 shares of the financial services provider’s stock valued at $713,000 after purchasing an additional 17,541 shares during the period. TIAA CREF Investment Management LLC raised its stake in Horizon Bancorp (IN) by 12.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 88,740 shares of the financial services provider’s stock valued at $2,467,000 after purchasing an additional 10,101 shares during the period. Finally, California State Teachers Retirement System raised its stake in Horizon Bancorp (IN) by 7.0% during the 4th quarter. California State Teachers Retirement System now owns 36,464 shares of the financial services provider’s stock valued at $1,014,000 after purchasing an additional 2,400 shares during the period. 48.72% of the stock is currently owned by institutional investors.

Shares of NASDAQ:HBNC opened at $29.43 on Wednesday. Horizon Bancorp has a one year low of $24.54 and a one year high of $31.14. The firm has a market cap of $755.83, a PE ratio of 18.83 and a beta of 1.05. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.01 and a quick ratio of 1.01.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, April 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, April 5th. This is an increase from Horizon Bancorp (IN)’s previous quarterly dividend of $0.13. Horizon Bancorp (IN)’s dividend payout ratio is 39.22%.

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Horizon Bancorp (IN) Company Profile

Horizon Bancorp operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. Its loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; and real estate, mortgage warehouse, and consumer loans.

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Earnings History and Estimates for Horizon Bancorp (IN) (NASDAQ:HBNC)

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