SG Americas Securities LLC Grows Stake in Horizon Bancorp, Inc. (NASDAQ:HBNC)

SG Americas Securities LLC boosted its position in Horizon Bancorp, Inc. (NASDAQ:HBNC) by 25.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,055 shares of the financial services provider’s stock after buying an additional 5,499 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Horizon Bancorp worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in HBNC. Quarry LP raised its stake in shares of Horizon Bancorp by 508.1% during 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 period. CWM LLC increased its position in shares of Horizon Bancorp by 114.2% during the third quarter. CWM LLC now owns 6,958 shares of the financial services provider’s stock valued at $108,000 after buying an additional 3,709 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Horizon Bancorp in the second quarter worth about $133,000. Sanctuary Advisors LLC bought a new position in shares of Horizon Bancorp in the second quarter valued at approximately $150,000. Finally, Centiva Capital LP purchased a new position in Horizon Bancorp during the third quarter valued at approximately $163,000. 64.51% of the stock is currently owned by institutional investors.

Horizon Bancorp Trading Down 0.3 %

Shares of Horizon Bancorp stock opened at $16.79 on Monday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day simple moving average is $16.74 and its 200-day simple moving average is $16.11. The stock has a market capitalization of $734.06 million, a PE ratio of 20.99 and a beta of 1.08. Horizon Bancorp, Inc. has a 1-year low of $11.18 and a 1-year high of $19.18.

Horizon Bancorp (NASDAQ:HBNC) 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 return on equity of 8.48% and a net margin of 9.86%. As a group, equities analysts anticipate that Horizon Bancorp, Inc. will post 1.72 earnings per share for the current year.

Horizon Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, January 3rd. Horizon Bancorp’s dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

HBNC has been the topic of a number of recent analyst reports. StockNews.com raised shares of Horizon Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Piper Sandler dropped their price objective on shares of Horizon Bancorp from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods upped their price objective on Horizon Bancorp from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

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.