Indiana Trust & Investment Management Co Has $896,000 Stock Holdings in Horizon Bancorp, Inc. (NASDAQ:HBNC)

Indiana Trust & Investment Management Co cut its holdings in Horizon Bancorp, Inc. (NASDAQ:HBNC - Free Report) by 27.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,638 shares of the financial services provider's stock after selling 21,000 shares during the quarter. Indiana Trust & Investment Management Co owned approximately 0.13% of Horizon Bancorp worth $896,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Foundry Partners LLC lifted its stake in shares of Horizon Bancorp by 46.0% in the 3rd quarter. Foundry Partners LLC now owns 181,600 shares of the financial services provider's stock worth $2,824,000 after purchasing an additional 57,240 shares during the period. Geode Capital Management LLC grew its holdings in shares of Horizon Bancorp by 5.2% in the third quarter. Geode Capital Management LLC now owns 1,053,625 shares of the financial services provider's stock valued at $16,387,000 after purchasing an additional 52,423 shares in the last quarter. Barclays PLC grew its holdings in shares of Horizon Bancorp by 62.7% in the third quarter. Barclays PLC now owns 109,553 shares of the financial services provider's stock valued at $1,704,000 after purchasing an additional 42,218 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Horizon Bancorp by 37.4% during the third quarter. JPMorgan Chase & Co. now owns 106,609 shares of the financial services provider's stock worth $1,658,000 after buying an additional 28,999 shares during the period. Finally, Inspire Investing LLC bought a new stake in shares of Horizon Bancorp during the third quarter worth $414,000. 64.51% of the stock is owned by hedge funds and other institutional investors.

Horizon Bancorp Trading Down 0.8 %

Shares of NASDAQ HBNC traded down $0.13 during trading on Friday, hitting $17.20. 80,708 shares of the company were exchanged, compared to its average volume of 162,399. The firm has a market capitalization of $751.98 million, a PE ratio of 21.50 and a beta of 1.07. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.88 and a current ratio of 0.88. The company has a fifty day moving average price of $16.55 and a 200-day moving average price of $16.23. Horizon Bancorp, Inc. has a 12-month low of $11.18 and a 12-month high of $19.18.

Horizon Bancorp (NASDAQ:HBNC - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). Horizon Bancorp had a return on equity of 8.48% and a net margin of 9.86%. As a group, equities research analysts expect that Horizon Bancorp, Inc. will post 1.78 EPS for the current year.

Horizon Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.64 annualized dividend and a dividend yield of 3.72%. Horizon Bancorp's dividend payout ratio is currently 80.00%.

Wall Street Analysts Forecast Growth

HBNC has been the topic of several recent research reports. Piper Sandler lowered their price objective on Horizon Bancorp from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods increased their target price on Horizon Bancorp from $17.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded Horizon Bancorp from a "sell" rating to a "hold" rating in a report on Friday, November 1st.

Horizon Bancorp Company Profile

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.