Horizon Bancorp, Inc. (NASDAQ:HBNC) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Horizon Bancorp, Inc. (NASDAQ:HBNC - Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,452,279 shares of the financial services provider's stock after buying an additional 91,476 shares during the quarter. Vanguard Group Inc. owned 5.61% of Horizon Bancorp worth $39,506,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Jones Financial Companies Lllp boosted its stake in shares of Horizon Bancorp by 362.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,573 shares of the financial services provider's stock valued at $25,000 after buying an additional 1,233 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Horizon Bancorp during the 4th quarter valued at approximately $39,000. POM Investment Strategies LLC bought a new position in Horizon Bancorp during the fourth quarter worth $92,000. Quantbot Technologies LP increased its stake in Horizon Bancorp by 4,298.5% during the fourth quarter. Quantbot Technologies LP now owns 8,753 shares of the financial services provider's stock valued at $141,000 after purchasing an additional 8,554 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Horizon Bancorp during the fourth quarter worth $143,000. 64.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price objective on shares of Horizon Bancorp from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th.

Horizon Bancorp Stock Performance

Shares of HBNC traded up $0.18 during midday trading on Thursday, hitting $13.54. 43,316 shares of the stock traded hands, compared to its average volume of 165,791. The firm has a market capitalization of $595.92 million, a PE ratio of 16.91 and a beta of 0.87. The business's 50 day moving average price is $15.50 and its two-hundred day moving average price is $16.23. Horizon Bancorp, Inc. has a 1-year low of $11.29 and a 1-year high of $19.18. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.88 and a current ratio of 0.88.

Horizon Bancorp (NASDAQ:HBNC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS 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%. Equities research analysts predict that Horizon Bancorp, Inc. will post 1.78 EPS for the current fiscal year.

Horizon Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.64 annualized dividend and a dividend yield of 4.73%. Horizon Bancorp's payout ratio is 80.00%.

About Horizon Bancorp

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.