Horizon Bancorp, Inc. (NASDAQ:HBNC) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in Horizon Bancorp, Inc. (NASDAQ:HBNC) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 522,415 shares of the financial services provider’s stock after selling 4,500 shares during the quarter. LSV Asset Management owned 1.18% of Horizon Bancorp worth $7,476,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Harbour Trust & Investment Management Co purchased a new position in Horizon Bancorp in the fourth quarter valued at about $6,167,000. Swiss National Bank grew its position in shares of Horizon Bancorp by 2.2% during the third quarter. Swiss National Bank now owns 96,950 shares of the financial services provider’s stock worth $1,035,000 after buying an additional 2,100 shares in the last quarter. 1ST Source Bank increased its stake in shares of Horizon Bancorp by 2.7% in the third quarter. 1ST Source Bank now owns 69,533 shares of the financial services provider’s stock worth $743,000 after buying an additional 1,860 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Horizon Bancorp by 1.6% in the third quarter. Vanguard Group Inc. now owns 2,183,993 shares of the financial services provider’s stock worth $23,325,000 after buying an additional 34,861 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Horizon Bancorp by 7.6% during the 3rd quarter. AQR Capital Management LLC now owns 634,821 shares of the financial services provider’s stock valued at $6,780,000 after acquiring an additional 44,810 shares during the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.

Horizon Bancorp Stock Up 1.5 %

HBNC stock opened at $12.59 on Thursday. The firm has a fifty day moving average price of $12.08 and a two-hundred day moving average price of $12.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.70 and a quick ratio of 0.70. Horizon Bancorp, Inc. has a 1-year low of $7.69 and a 1-year high of $14.71. The firm has a market cap of $555.34 million, a price-to-earnings ratio of 23.31 and a beta of 1.04.

Horizon Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.64 annualized dividend and a yield of 5.08%. Horizon Bancorp’s dividend payout ratio (DPR) is 118.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HBNC shares. StockNews.com downgraded shares of Horizon Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. Piper Sandler lowered their price objective on Horizon Bancorp from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, April 29th.

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.