Horizon Bancorp (NASDAQ:HBNC) declared a quarterly dividend on Tuesday, December 19th, NASDAQ reports. Investors of record on Friday, January 5th will be given a dividend of 0.13 per share by the financial services provider on Friday, January 19th. This represents a $0.52 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, January 4th.
Horizon Bancorp (HBNC) opened at $28.32 on Friday. Horizon Bancorp has a one year low of $24.20 and a one year high of $29.25. The stock has a market cap of $721.65, a PE ratio of 18.27 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.26.
Horizon Bancorp (NASDAQ:HBNC) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). Horizon Bancorp had a net margin of 20.03% and a return on equity of 9.58%. The business had revenue of $35.90 million for the quarter, compared to the consensus estimate of $37.81 million. analysts anticipate that Horizon Bancorp will post 1.61 EPS for the current year.
A number of brokerages have weighed in on HBNC. Zacks Investment Research raised shares of Horizon Bancorp from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Wednesday. BidaskClub downgraded shares of Horizon Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Sandler O’Neill reissued a “hold” rating and set a $29.50 price target on shares of Horizon Bancorp in a research report on Wednesday, January 3rd. Finally, Piper Jaffray Companies set a $32.00 price target on shares of Horizon Bancorp and gave the company a “buy” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $30.13.
In related news, CFO Mark E. Secor sold 7,103 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $27.30, for a total value of $193,911.90. Following the sale, the chief financial officer now owns 10,183 shares in the company, valued at $277,995.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig M. Dwight sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $27.06, for a total transaction of $86,592.00. Following the completion of the sale, the chief executive officer now owns 150,625 shares in the company, valued at approximately $4,075,912.50. The disclosure for this sale can be found here. Insiders have sold 76,046 shares of company stock valued at $2,072,323 in the last three months. 5.40% of the stock is owned by insiders.
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Horizon Bancorp Company Profile
Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities and Horizon Risk Management, Inc The Company operates through commercial banking segment.
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