Zurcher Kantonalbank Zurich Cantonalbank Has $167,000 Stock Holdings in Horizon Bancorp, Inc. (NASDAQ:HBNC)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Horizon Bancorp, Inc. (NASDAQ:HBNC) by 75.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,680 shares of the financial services provider’s stock after acquiring an additional 5,009 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Horizon Bancorp were worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Sapient Capital LLC bought a new stake in Horizon Bancorp during the 4th quarter worth approximately $26,515,000. Harbour Trust & Investment Management Co acquired a new stake in Horizon Bancorp in the fourth quarter valued at $6,167,000. Vanguard Group Inc. increased its holdings in Horizon Bancorp by 1.6% in the third quarter. Vanguard Group Inc. now owns 2,183,993 shares of the financial services provider’s stock valued at $23,325,000 after purchasing an additional 34,861 shares during the period. Alps Advisors Inc. bought a new position in Horizon Bancorp during the 3rd quarter worth $593,000. Finally, Axxcess Wealth Management LLC acquired a new position in Horizon Bancorp during the 3rd quarter worth about $166,000. 64.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HBNC. Piper Sandler lowered their price objective on Horizon Bancorp from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. StockNews.com lowered shares of Horizon Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday.

Horizon Bancorp Stock Performance

HBNC stock opened at $12.59 on Thursday. Horizon Bancorp, Inc. has a 1-year low of $7.69 and a 1-year high of $14.71. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $12.08 and a 200-day moving average price of $12.21. The firm has a market cap of $555.34 million, a PE ratio of 23.31 and a beta of 1.04.

Horizon Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Thursday, April 4th. Horizon Bancorp’s dividend payout ratio (DPR) is presently 118.52%.

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.