Horizon Bancorp, Inc. (NASDAQ:HBNC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Horizon Bancorp, Inc. (NASDAQ:HBNC) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 359,247 shares of the financial services provider’s stock after buying an additional 8,266 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.82% of Horizon Bancorp worth $5,787,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HBNC. Geode Capital Management LLC lifted its position in shares of Horizon Bancorp by 5.2% in the third quarter. Geode Capital Management LLC now owns 1,053,625 shares of the financial services provider’s stock valued at $16,387,000 after acquiring an additional 52,423 shares in the last quarter. Barclays PLC lifted its holdings in Horizon Bancorp by 62.7% in the 3rd quarter. Barclays PLC now owns 109,553 shares of the financial services provider’s stock valued at $1,704,000 after purchasing an additional 42,218 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Horizon Bancorp by 37.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,609 shares of the financial services provider’s stock worth $1,658,000 after purchasing an additional 28,999 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Horizon Bancorp by 7.0% during the third quarter. Franklin Resources Inc. now owns 25,996 shares of the financial services provider’s stock worth $399,000 after buying an additional 1,703 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Horizon Bancorp by 3.7% in the fourth quarter. Rhumbline Advisers now owns 69,900 shares of the financial services provider’s stock valued at $1,126,000 after buying an additional 2,521 shares during the last quarter. 64.51% of the stock is currently owned by hedge funds and other institutional investors.

Horizon Bancorp Stock Up 2.8 %

NASDAQ HBNC opened at $15.71 on Tuesday. The business’s fifty day simple moving average is $16.43 and its 200-day simple moving average is $16.45. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.83. The firm has a market cap of $691.48 million, a PE ratio of 19.64 and a beta of 1.05. Horizon Bancorp, Inc. has a 52 week low of $11.18 and a 52 week high of $19.18.

Horizon Bancorp (NASDAQ:HBNC) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates 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 1.78 earnings per share for the current year.

Horizon Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.64 annualized dividend and a yield of 4.07%. Horizon Bancorp’s payout ratio is 80.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HBNC. Keefe, Bruyette & Woods boosted their price target on shares of Horizon Bancorp from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler lowered their target price on Horizon Bancorp from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

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.