Horizon Bancorp, Inc. (NASDAQ:HBNC) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in Horizon Bancorp, Inc. (NASDAQ:HBNC) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 568,469 shares of the financial services provider’s stock after acquiring an additional 5,129 shares during the period. American Century Companies Inc. owned about 1.30% of Horizon Bancorp worth $9,158,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HBNC. Jones Financial Companies Lllp lifted its stake in Horizon Bancorp by 362.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,573 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,233 shares in the last quarter. Quarry LP lifted its stake in Horizon Bancorp by 508.1% during the 3rd quarter. Quarry LP now owns 2,098 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,753 shares in the last quarter. R Squared Ltd acquired a new position in Horizon Bancorp during the 4th quarter worth about $39,000. POM Investment Strategies LLC purchased a new position in Horizon Bancorp during the 4th quarter valued at about $92,000. Finally, Quantbot Technologies LP increased its stake in Horizon Bancorp by 4,298.5% during the fourth quarter. Quantbot Technologies LP now owns 8,753 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 8,554 shares during the period. 64.51% of the stock is currently owned by institutional investors and hedge funds.

Horizon Bancorp Stock Performance

Horizon Bancorp stock opened at $15.26 on Thursday. Horizon Bancorp, Inc. has a fifty-two week low of $11.18 and a fifty-two week high of $19.18. The company has a market capitalization of $671.67 million, a price-to-earnings ratio of 19.08 and a beta of 1.05. The stock has a fifty day moving average of $16.36 and a two-hundred day moving average of $16.43. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.88 and a current ratio of 0.88.

Horizon Bancorp (NASDAQ:HBNC) last issued its quarterly earnings data 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%. On average, analysts anticipate that Horizon Bancorp, Inc. will post 1.78 EPS for the current fiscal year.

Horizon Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.19%. Horizon Bancorp’s dividend payout ratio (DPR) is 80.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HBNC shares. Piper Sandler lowered their price objective on Horizon Bancorp from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. 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 report on Wednesday, December 4th.

Horizon Bancorp Company 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.