Legal & General Group Plc Trims Stock Holdings in Horizon Bancorp, Inc. (NASDAQ:HBNC) (2025)

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Horizon Bancorp Stock Up 1.2 % Horizon Bancorp Announces Dividend Analyst Upgrades and Downgrades About Horizon Bancorp Further Reading You might be interested in: References

Posted by Defense World Staff on Apr 29th, 2025

Legal & General Group Plc lessened its position in shares of Horizon Bancorp, Inc. (NASDAQ:HBNC – Free Report) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,752 shares of the financial services provider’s stock after selling 5,846 shares during the quarter. Legal & General Group Plc owned 0.10% of Horizon Bancorp worth $705,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp raised its stake in shares of Horizon Bancorp by 362.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,573 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,233 shares during the last quarter. R Squared Ltd purchased a new position in shares of Horizon Bancorp during the 4th quarter valued at approximately $39,000. POM Investment Strategies LLC acquired a new position in shares of Horizon Bancorp in the 4th quarter valued at $92,000. Quantbot Technologies LP boosted its holdings in Horizon Bancorp by 4,298.5% during the fourth quarter. Quantbot Technologies LP now owns 8,753 shares of the financial services provider’s stock worth $141,000 after buying an additional 8,554 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Horizon Bancorp in the fourth quarter valued at $143,000. 64.51% of the stock is owned by institutional investors and hedge funds.

Horizon Bancorp Stock Up 1.2 %

HBNC stock opened at $14.74 on Tuesday. Horizon Bancorp, Inc. has a 52 week low of $11.40 and a 52 week high of $19.18. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.83. The firm has a 50-day simple moving average of $14.98 and a 200-day simple moving average of $16.20. The stock has a market capitalization of $648.78 million, a P/E ratio of 18.43 and a beta of 0.87.

Horizon Bancorp (NASDAQ:HBNC – Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. The company had revenue of $69.17 million during the quarter, compared to analyst estimates of $64.52 million. Horizon Bancorp had a return on equity of 8.48% and a net margin of 9.86%. Equities analysts forecast that Horizon Bancorp, Inc. will post 1.78 earnings per share for the current fiscal year.

Horizon Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were given a dividend of $0.16 per share. The ex-dividend date was Friday, April 4th. This represents a $0.64 dividend on an annualized basis and a yield of 4.34%. Horizon Bancorp’s payout ratio is presently 62.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HBNC shares. Piper Sandler lowered their target price on shares of Horizon Bancorp from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday. Keefe, Bruyette & Woods dropped their price objective on Horizon Bancorp from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Friday.

Read Our Latest Report on HBNC

About Horizon Bancorp

(Free Report)

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.