14,543 Shares in Horizon Bancorp, Inc. (NASDAQ:HBNC) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Horizon Bancorp, Inc. (NASDAQ:HBNC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,543 shares of the financial services provider’s stock, valued at approximately $234,000.

Other large investors also recently bought and sold shares of the company. Quarry LP raised 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 worth $33,000 after purchasing an additional 1,753 shares during the period. R Squared Ltd acquired a new position in Horizon Bancorp in the 4th quarter worth about $39,000. POM Investment Strategies LLC acquired a new position in Horizon Bancorp in the 4th quarter worth about $92,000. Centiva Capital LP acquired a new position in Horizon Bancorp in the 3rd quarter worth about $163,000. Finally, Walleye Capital LLC acquired a new position in shares of Horizon Bancorp during the third quarter valued at approximately $169,000. Institutional investors and hedge funds own 64.51% of the company’s stock.

Horizon Bancorp Price Performance

Shares of Horizon Bancorp stock opened at $15.11 on Wednesday. Horizon Bancorp, Inc. has a 12 month low of $11.18 and a 12 month high of $19.18. 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 stock has a market capitalization of $660.53 million, a P/E ratio of 18.89 and a beta of 1.05. The business has a 50 day simple moving average of $16.44 and a two-hundred day simple moving average of $16.47.

Horizon Bancorp (NASDAQ:HBNC) last posted 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%. As a group, analysts predict that Horizon Bancorp, Inc. will post 1.78 EPS for the current fiscal year.

Horizon Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.16 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.64 annualized dividend and a dividend yield of 4.24%. Horizon Bancorp’s dividend payout ratio is presently 80.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HBNC. Keefe, Bruyette & Woods increased their target price on Horizon Bancorp from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler reduced their target price on Horizon Bancorp from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

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.