One Capital Management LLC Sells 1,148 Shares of Horizon Bancorp, Inc. (NASDAQ:HBNC)

One Capital Management LLC reduced its stake in Horizon Bancorp, Inc. (NASDAQ:HBNC) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,919 shares of the financial services provider’s stock after selling 1,148 shares during the quarter. One Capital Management LLC’s holdings in Horizon Bancorp were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC increased its stake in Horizon Bancorp by 1,656.2% during the 2nd quarter. CWM LLC now owns 3,249 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 3,064 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Horizon Bancorp during the first quarter valued at approximately $80,000. Elser Financial Planning Inc purchased a new position in Horizon Bancorp in the 2nd quarter worth approximately $137,000. EMC Capital Management lifted its position in Horizon Bancorp by 11.0% in the 1st quarter. EMC Capital Management now owns 10,773 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 1,064 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Horizon Bancorp by 16.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,347 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,749 shares during the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.

Horizon Bancorp Stock Up 0.2 %

Horizon Bancorp stock opened at $16.09 on Thursday. Horizon Bancorp, Inc. has a one year low of $9.22 and a one year high of $16.64. The stock has a fifty day moving average of $15.19 and a 200 day moving average of $13.19. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $709.83 million, a PE ratio of 29.80 and a beta of 1.04.

Horizon Bancorp (NASDAQ:HBNC) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. Horizon Bancorp had a net margin of 5.50% and a return on equity of 8.17%. The company had revenue of $97.47 million during the quarter, compared to analyst estimates of $55.03 million. During the same period in the previous year, the business posted $0.41 earnings per share. As a group, sell-side analysts predict that Horizon Bancorp, Inc. will post 1.38 EPS for the current year.

Analyst Upgrades and Downgrades

HBNC has been the subject of several recent analyst reports. StockNews.com cut Horizon Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, September 7th. Keefe, Bruyette & Woods raised their price target on shares of Horizon Bancorp from $14.00 to $16.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Finally, Piper Sandler lifted their price target on shares of Horizon Bancorp from $13.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th.

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.