BNP Paribas Financial Markets Purchases 7,019 Shares of Horizon Bancorp, Inc. (NASDAQ:HBNC)

BNP Paribas Financial Markets raised its stake in shares of Horizon Bancorp, Inc. (NASDAQ:HBNC) by 33.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,089 shares of the financial services provider’s stock after purchasing an additional 7,019 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of Horizon Bancorp worth $453,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HBNC. Jones Financial Companies Lllp increased its stake in shares of 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 valued at $25,000 after purchasing an additional 1,233 shares in the last quarter. R Squared Ltd purchased a new stake in Horizon Bancorp in the fourth quarter worth about $39,000. Aquatic Capital Management LLC bought a new stake in Horizon Bancorp during the 4th quarter worth approximately $51,000. Quarry LP increased its stake in Horizon Bancorp by 64.4% in the 4th quarter. Quarry LP now owns 3,450 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,352 shares in the last quarter. Finally, POM Investment Strategies LLC bought a new position in Horizon Bancorp in the 4th quarter worth approximately $92,000. 64.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HBNC shares. Piper Sandler decreased their target price on Horizon Bancorp from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods decreased their target price on Horizon Bancorp from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Friday, April 25th.

Horizon Bancorp Stock Down 0.6%

Horizon Bancorp stock opened at $14.70 on Monday. The business has a fifty day moving average of $14.64 and a two-hundred day moving average of $16.10. Horizon Bancorp, Inc. has a twelve month low of $11.46 and a twelve month high of $19.18. 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 $647.02 million, a P/E ratio of 18.38 and a beta of 0.82.

Horizon Bancorp (NASDAQ:HBNC) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Horizon Bancorp had a return on equity of 8.48% and a net margin of 9.86%. The firm had revenue of $69.17 million during the quarter, compared to analysts’ expectations of $64.52 million. On average, analysts forecast that Horizon Bancorp, Inc. will post 1.78 earnings per share for the current fiscal year.

Horizon Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were paid a $0.16 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.64 dividend on an annualized basis and a yield of 4.35%. Horizon Bancorp’s dividend payout ratio (DPR) is 62.75%.

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.