Teacher Retirement System of Texas Has $354,000 Holdings in Horizon Bancorp (IN) (NASDAQ:HBNC)

Teacher Retirement System of Texas lessened its holdings in shares of Horizon Bancorp (IN) (NASDAQ:HBNC) by 43.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,457 shares of the financial services provider’s stock after selling 18,065 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Horizon Bancorp (IN) worth $354,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Horizon Bancorp (IN) by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,665 shares of the financial services provider’s stock worth $397,000 after buying an additional 792 shares during the last quarter. Quarry LP boosted its holdings in shares of Horizon Bancorp (IN) by 64.4% during the fourth quarter. Quarry LP now owns 3,450 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,352 shares during the period. Occudo Quantitative Strategies LP boosted its holdings in shares of Horizon Bancorp (IN) by 9.4% during the fourth quarter. Occudo Quantitative Strategies LP now owns 20,525 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 1,759 shares during the period. Rhino Investment Partners Inc boosted its holdings in shares of Horizon Bancorp (IN) by 0.4% during the fourth quarter. Rhino Investment Partners Inc now owns 530,363 shares of the financial services provider’s stock worth $8,544,000 after acquiring an additional 2,104 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Horizon Bancorp (IN) by 18.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,723 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 2,638 shares during the period. Institutional investors and hedge funds own 64.51% of the company’s stock.

Horizon Bancorp (IN) Trading Up 0.3%

Shares of HBNC stock opened at $15.92 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The stock has a market cap of $700.64 million, a P/E ratio of 15.61 and a beta of 0.84. The stock has a 50 day simple moving average of $15.32 and a 200 day simple moving average of $15.47. Horizon Bancorp has a 1 year low of $12.70 and a 1 year high of $19.18.

Horizon Bancorp (IN) (NASDAQ:HBNC) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. The business had revenue of $69.17 million during the quarter, compared to analysts’ expectations of $64.52 million. Horizon Bancorp (IN) had a return on equity of 9.56% and a net margin of 12.27%. On average, research analysts predict that Horizon Bancorp will post 1.78 earnings per share for the current fiscal year.

Horizon Bancorp (IN) Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, July 3rd. Horizon Bancorp (IN)’s dividend payout ratio (DPR) is currently 62.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HBNC shares. Keefe, Bruyette & Woods reduced their price objective on Horizon Bancorp (IN) from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Friday, April 25th. Wall Street Zen upgraded Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a report on Friday. Finally, Piper Sandler reduced their price objective on Horizon Bancorp (IN) from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, April 28th.

About Horizon Bancorp (IN)

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.