Segall Bryant & Hamill LLC Invests $1.83 Million in Horizon Bancorp, Inc. (NASDAQ:HBNC)

Segall Bryant & Hamill LLC bought a new stake in shares of Horizon Bancorp, Inc. (NASDAQ:HBNC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 113,373 shares of the financial services provider's stock, valued at approximately $1,826,000. Segall Bryant & Hamill LLC owned 0.26% of Horizon Bancorp at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in shares of Horizon Bancorp by 362.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,573 shares of the financial services provider's stock worth $25,000 after acquiring an additional 1,233 shares during the last quarter. Quarry LP increased its holdings in shares of Horizon Bancorp by 508.1% in the third quarter. Quarry LP now owns 2,098 shares of the financial services provider's stock worth $33,000 after purchasing an additional 1,753 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Horizon Bancorp in the fourth quarter worth about $39,000. POM Investment Strategies LLC bought a new position in Horizon Bancorp during the fourth quarter valued at approximately $92,000. Finally, Quantbot Technologies LP boosted its position in shares of Horizon Bancorp by 4,298.5% during the 4th quarter. Quantbot Technologies LP now owns 8,753 shares of the financial services provider's stock valued at $141,000 after acquiring an additional 8,554 shares during the last quarter. 64.51% of the stock is owned by hedge funds and other institutional investors.

Horizon Bancorp Trading Down 0.0 %

HBNC stock traded down $0.01 during trading on Wednesday, hitting $15.12. The company had a trading volume of 21,676 shares, compared to its average volume of 163,202. Horizon Bancorp, Inc. has a 52-week low of $11.18 and a 52-week high of $19.18. The company has a 50 day simple moving average of $16.37 and a 200-day simple moving average of $16.44. The firm has a market capitalization of $665.29 million, a P/E ratio of 18.90 and a beta of 1.05. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.83.

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

Horizon Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.64 dividend on an annualized basis and a yield of 4.23%. Horizon Bancorp's dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

A number of brokerages have commented on HBNC. Keefe, Bruyette & Woods lifted their price objective on shares of Horizon Bancorp from $17.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler dropped their price target on Horizon Bancorp from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Monday, January 27th.

Horizon Bancorp 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.