Jane Street Group LLC Has $887,000 Stock Position in Horizon Bancorp, Inc. (NASDAQ:HBNC)

Jane Street Group LLC grew its holdings in shares of Horizon Bancorp, Inc. (NASDAQ:HBNC) by 32.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,068 shares of the financial services provider’s stock after purchasing an additional 13,827 shares during the quarter. Jane Street Group LLC’s holdings in Horizon Bancorp were worth $887,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Quarry LP boosted its position in Horizon Bancorp by 508.1% during the third quarter. Quarry LP now owns 2,098 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,753 shares during the period. CWM LLC lifted its stake in shares of Horizon Bancorp by 114.2% in the third quarter. CWM LLC now owns 6,958 shares of the financial services provider’s stock worth $108,000 after buying an additional 3,709 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of Horizon Bancorp by 44.1% during the 2nd quarter. Pathway Financial Advisers LLC now owns 8,956 shares of the financial services provider’s stock worth $111,000 after buying an additional 2,740 shares during the period. Centiva Capital LP bought a new stake in shares of Horizon Bancorp during the 3rd quarter worth $163,000. Finally, Mackenzie Financial Corp acquired a new position in Horizon Bancorp in the 2nd quarter valued at $133,000. 64.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HBNC shares. Keefe, Bruyette & Woods boosted their target price on shares of Horizon Bancorp from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Horizon Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Hovde Group began coverage on shares of Horizon Bancorp in a research note on Monday, September 30th. They set an “outperform” rating and a $18.00 price target on the stock.

Horizon Bancorp Stock Up 0.3 %

HBNC opened at $16.11 on Wednesday. The firm has a market cap of $704.25 million, a price-to-earnings ratio of 34.28 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 firm’s 50-day simple moving average is $17.33 and its 200-day simple moving average is $15.56. Horizon Bancorp, Inc. has a twelve month low of $11.18 and a twelve month high of $19.18.

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

Horizon Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, January 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 3.97%. Horizon Bancorp’s dividend payout ratio is 136.17%.

About Horizon Bancorp

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.