15,184 Shares in Horizon Bancorp, Inc. (NASDAQ:HBNC) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Horizon Bancorp, Inc. (NASDAQ:HBNC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,184 shares of the financial services provider’s stock, valued at approximately $236,000.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Horizon Bancorp by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,276,566 shares of the financial services provider’s stock worth $28,160,000 after buying an additional 135,217 shares during the last quarter. Foundry Partners LLC grew its position in shares of Horizon Bancorp by 46.0% during the third quarter. Foundry Partners LLC now owns 181,600 shares of the financial services provider’s stock worth $2,824,000 after acquiring an additional 57,240 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Horizon Bancorp by 11.9% in the 2nd quarter. AQR Capital Management LLC now owns 478,205 shares of the financial services provider’s stock valued at $5,915,000 after acquiring an additional 50,666 shares during the period. Bank of Montreal Can acquired a new position in shares of Horizon Bancorp in the 2nd quarter valued at $432,000. Finally, Inspire Investing LLC purchased a new stake in Horizon Bancorp in the 3rd quarter valued at $414,000. Institutional investors and hedge funds own 64.51% of the company’s stock.

Horizon Bancorp Stock Performance

Shares of HBNC opened at $16.27 on Thursday. Horizon Bancorp, Inc. has a 1 year low of $11.18 and a 1 year high of $19.18. The stock has a market capitalization of $711.24 million, a P/E ratio of 34.62 and a beta of 1.05. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.88 and a current ratio of 0.88. The company’s fifty day moving average is $17.18 and its two-hundred day moving average is $15.25.

Horizon Bancorp (NASDAQ:HBNC) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. Horizon Bancorp had a net margin of 5.89% and a return on equity of 8.27%. The firm had revenue of $102.40 million during the quarter, compared to analysts’ expectations of $58.23 million. During the same period in the prior year, the company posted $0.37 earnings per share. On average, sell-side analysts predict that Horizon Bancorp, Inc. will post 1.4 earnings per share for the current year.

Wall Street Analyst Weigh In

HBNC has been the topic of several research reports. StockNews.com raised shares of Horizon Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods raised their price target on Horizon Bancorp from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group assumed coverage on Horizon Bancorp in a research note on Monday, September 30th. They set an “outperform” rating and a $18.00 price objective for the company.

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.