WINTON GROUP Ltd lifted its position in Horizon Bancorp Inc (NASDAQ:HBNC) by 35.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,284 shares of the financial services provider’s stock after buying an additional 5,090 shares during the quarter. WINTON GROUP Ltd’s holdings in Horizon Bancorp were worth $315,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in HBNC. Rhumbline Advisers increased its position in shares of Horizon Bancorp by 1.3% in the first quarter. Rhumbline Advisers now owns 54,380 shares of the financial services provider’s stock worth $875,000 after purchasing an additional 701 shares during the last quarter. Legal & General Group Plc increased its position in shares of Horizon Bancorp by 18.8% in the fourth quarter. Legal & General Group Plc now owns 6,955 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 1,100 shares during the last quarter. Northern Trust Corp increased its position in shares of Horizon Bancorp by 0.3% in the fourth quarter. Northern Trust Corp now owns 452,456 shares of the financial services provider’s stock worth $7,141,000 after purchasing an additional 1,272 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Horizon Bancorp in the first quarter worth approximately $26,000. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Horizon Bancorp by 18.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,188 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 3,950 shares during the last quarter. 48.52% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Horizon Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded shares of Horizon Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.00.
NASDAQ HBNC traded down $0.18 on Friday, reaching $16.90. 63,333 shares of the company’s stock traded hands, compared to its average volume of 84,697. Horizon Bancorp Inc has a 12 month low of $14.79 and a 12 month high of $21.48. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average price of $16.36. The firm has a market cap of $784.82 million, a PE ratio of 12.62 and a beta of 0.95.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a dividend of $0.12 per share. This is a boost from Horizon Bancorp’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Wednesday, July 3rd. Horizon Bancorp’s dividend payout ratio (DPR) is presently 37.80%.
Horizon Bancorp Company Profile
Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers demand and time deposits. Its loan portfolio comprises commercial, residential real estate, mortgage warehouse, and consumer loans. The company also provides corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products.
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