Horizon Bancorp (NASDAQ:HBNC) Move as Institutional Investors’ Sentiment Increased

Horizon Bancorp, Inc. (NASDAQ:HBNC) Logo

Sentiment for Horizon Bancorp (NASDAQ:HBNC)

Horizon Bancorp (NASDAQ:HBNC) institutional sentiment increased to 7.33 in 2018 Q2. Its up 6.04, from 1.29 in 2018Q1. The ratio is positive, as 88 active investment managers opened new or increased stock positions, while 12 sold and decreased their stock positions in Horizon Bancorp. The active investment managers in our partner’s database reported: 38.64 million shares, up from 12.89 million shares in 2018Q1. Also, the number of active investment managers holding Horizon Bancorp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 5 Reduced: 7 Increased: 73 New Position: 15.

Horizon Bancorp operates as the bank holding firm for Horizon Bank, N.A. that provides commercial and retail banking services. The company has market cap of $629.62 million. The firm offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. It has a 13.16 P/E ratio. The Company’s loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; real estate, mortgage warehouse, and consumer loans.

The stock increased 0.06% or $0.01 during the last trading session, reaching $16.41. About 115,393 shares traded or 50.83% up from the average. Horizon Bancorp, Inc. (NASDAQ:HBNC) has risen 13.41% since December 8, 2017 and is uptrending. It has underperformed by 2.21% the S&P500.

Analysts await Horizon Bancorp, Inc. (NASDAQ:HBNC) to report earnings on January, 23. They expect $0.37 earnings per share, up 37.04 % or $0.10 from last year’s $0.27 per share. HBNC’s profit will be $14.20 million for 11.09 P/E if the $0.37 EPS becomes a reality. After $0.32 actual earnings per share reported by Horizon Bancorp, Inc. for the previous quarter, Wall Street now forecasts 15.63 % EPS growth.

Pl Capital Advisors Llc holds 7.21% of its portfolio in Horizon Bancorp, Inc. for 1.33 million shares. Jacobs Asset Management Llc owns 491,769 shares or 1.83% of their US portfolio. Moreover, Pacific Ridge Capital Partners Llc has 1.16% invested in the company for 242,213 shares. The New Jersey-based Tradition Capital Management Llc has invested 0.53% in the stock. Advisory Research Inc, a Illinois-based fund reported 1.56 million shares.

Since January 1, 0001, it had 1 insider purchase, and 2 insider sales for $154,036 activity.

More notable recent Horizon Bancorp, Inc. (NASDAQ:HBNC) news were published by: Globenewswire.com which released: “Horizon Bancorp, Inc. and Salin Bancshares, Inc. Sign Merger Agreement – GlobeNewswire” on October 29, 2018, also Seekingalpha.com with their article: “Stocks To Watch: Calling Up Animal Spirits – Seeking Alpha” published on September 22, 2018, Nasdaq.com published: “Horizon Bancorp (HBNC) Lags Q3 Earnings and Revenue Estimates – Nasdaq” on October 29, 2018. More interesting news about Horizon Bancorp, Inc. (NASDAQ:HBNC) were released by: Globenewswire.com and their article: “Horizon Bancorp, Inc. Announces Three-for-Two Stock Split – GlobeNewswire” published on May 16, 2018 as well as Globenewswire.com‘s news article titled: “Horizon Appoints James D. Neff President Nasdaq:HBNC – GlobeNewswire” with publication date: January 03, 2018.

Horizon Bancorp, Inc. (NASDAQ:HBNC) Institutional Positions Chart

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