Horizon Bancorp Inc. (HBNC): Check on its recent ratings

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Horizon Bancorp Inc. (NASDAQ:HBNC) changes shares on Tuesday trading session, with a change of 0.65% or $0.07 shares. The trading starts at $10.05 and closed at $10.02 throughout the day. The trading session low price was $9.855 and day high was $10.11 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 0.14 million while its average volume is 190.58K. In other hand, the HBNC market cap reached to $460.51M. While, its current target price is $13.60.

On May 16, 2018, BRIEF-Horizon Bancorp, Inc. Announces Three-For-Two Stock Split. According to the news reported on Reuters, * HORIZON BANCORP INC – BOARD DECLARED A 3-FOR-2 STOCK SPLIT ON CO’S AUTHORIZED AND OUTSTANDING SHARES OF COMMON STOCK Source text for Eikon: Further company coverage:

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.75% and up 0.70% for month. Its quarterly performance was -2.42% below, while its half year performance is down -41.64%. HBNC yearly performance stood at negative -38.29% and fall -46.89% for year-to-date. Current recommendation for Horizon Bancorp Inc. is 1.60.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. HBNC EPS (TTM) for 12-month is 1.50. EPS for this year is 10.60%, while for the next year its value is 1.09. Its EPS Q/Q reached -6.30%. It has an EPS of 12.60% up for past five years.

Let’s take a look on the analyst recommendations on HBNC for the current month and previous month. For the current month, 4 of 5 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings.

Blackrock Inc., Dimensional Fund Advisors LP and Vanguard Group, Inc. (The) are the top three holders in Horizon Bancorp Inc. (HBNC) stock. On Mar 30, 2020, Blackrock Inc. has 2.78 million shares which valued 27.4 million. On Mar 30, 2020, Dimensional Fund Advisors LP owned 1.95 million shares which valued at 19.2 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 1.81 million shares which valued at 17.89 million. In the end, Vanguard Group, Inc. (The) have 4.14% shares outstanding of Horizon Bancorp Inc. (HBNC) on Mar 30, 2020. The insider ownership moved to 2.20% and institutional holding shifted to 53.60%.

The company posted an EPS (TTM) of 1.50. According to the most recent quarter report on (Sep 2020), 5 analysts estimated an average EPS of 0.36, while 0.46 EPS posted a year ago period. Analyst Estimated EPS for HBNC published in the report was $0.31 – $0.42 during the same period. Comparing with last year, the average estimated EPS was 0.46 which is higher than 0.33 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for HBNC fall -27.64% for period of 200 days. SMA for 50 days was -1.49% which is showing red signal, while SMA-20 was 3.00%. The moving average value for Horizon Bancorp Inc. (HBNC) is 11.72 and 9.97 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in HBNC stock. On Feb 28, PAIRITZ PETER L, Director, bought 10,000 trading shares at the cost of $14.85, which valued at 0.15 million. On Feb 27, Kuhn Dennis, Director, sold 4,575 shares at the cost of $15.87, with total shares of 13,527. On Nov 25, SECOR MARK E, Executive Vice President, sold 10,000 shares at the cost of 18.77. After this transaction, SECOR MARK E total shares reached to 2,464 which valued at 0.19 million.