Horizon Bancorp (HBNC) Earning Somewhat Positive News Coverage, Report Finds

News articles about Horizon Bancorp (NASDAQ:HBNC) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Horizon Bancorp earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.2301733731667 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

A number of research analysts recently issued reports on HBNC shares. Zacks Investment Research lowered Horizon Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. ValuEngine raised Horizon Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. BidaskClub raised Horizon Bancorp from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 target price on shares of Horizon Bancorp in a report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Horizon Bancorp currently has an average rating of “Hold” and an average price target of $30.88.

Horizon Bancorp (NASDAQ HBNC) opened at $30.81 on Friday. The stock has a market capitalization of $787.53, a PE ratio of 21.40 and a beta of 1.09. Horizon Bancorp has a fifty-two week low of $24.41 and a fifty-two week high of $31.14. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32.

Horizon Bancorp (NASDAQ:HBNC) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.06). Horizon Bancorp had a net margin of 20.49% and a return on equity of 9.28%. The company had revenue of $40.80 million during the quarter, compared to analyst estimates of $40.73 million. analysts anticipate that Horizon Bancorp will post 2.14 EPS for the current year.

In related news, insider Dennis Kuhn sold 7,500 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the transaction, the insider now owns 7,500 shares in the company, valued at approximately $225,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was first published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.thelincolnianonline.com/2018/03/18/horizon-bancorp-hbnc-earning-somewhat-positive-news-coverage-report-finds.html.

About Horizon Bancorp

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.

Insider Buying and Selling by Quarter for Horizon Bancorp (NASDAQ:HBNC)

Receive News & Ratings for Horizon Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply