Horizon Bancorp, Inc. (NASDAQ:HBNC) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in Horizon Bancorp, Inc. (NASDAQ:HBNC - Free Report) by 31.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,971 shares of the financial services provider's stock after selling 30,700 shares during the quarter. Thrivent Financial for Lutherans owned about 0.15% of Horizon Bancorp worth $1,063,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HBNC. Jones Financial Companies Lllp grew its holdings in shares of Horizon Bancorp by 362.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,573 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 1,233 shares during the period. Quarry LP boosted its holdings in Horizon Bancorp by 508.1% in the 3rd quarter. Quarry LP now owns 2,098 shares of the financial services provider's stock valued at $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 4th quarter valued at approximately $39,000. POM Investment Strategies LLC acquired a new stake in shares of Horizon Bancorp during the 4th quarter worth approximately $92,000. Finally, AMG National Trust Bank purchased a new stake in shares of Horizon Bancorp during the 4th quarter valued at approximately $161,000. 64.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HBNC. Piper Sandler lowered their price objective 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. Keefe, Bruyette & Woods boosted their price objective on shares of Horizon Bancorp from $17.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th.

Remove Ads

Horizon Bancorp Trading Down 9.2 %

NASDAQ:HBNC traded down $1.40 during trading hours on Thursday, reaching $13.86. 292,888 shares of the stock were exchanged, compared to its average volume of 163,929. Horizon Bancorp, Inc. has a twelve month low of $11.18 and a twelve month high of $19.18. The business has a 50-day moving average of $16.36 and a two-hundred day moving average of $16.43. The company has a market capitalization of $610.05 million, a price-to-earnings ratio of 17.33 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.

Horizon Bancorp (NASDAQ:HBNC - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.03). Horizon Bancorp had a net margin of 9.86% and a return on equity of 8.48%. On average, equities analysts predict that Horizon Bancorp, Inc. will post 1.78 EPS for the current year.

Horizon Bancorp Announces Dividend

The firm 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 4.62%. Horizon Bancorp's dividend payout ratio (DPR) is presently 80.00%.

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.