Horizon Bancorp (HBNC) Analysts See $0.41 EPS

July 17, 2017 - By Marguerite Chambers

 Horizon Bancorp (HBNC) Analysts See $0.41 EPS
Investors sentiment increased to 4.76 in Q4 2016. Its up 2.09, from 2.67 in 2016Q3. It is positive, as 10 investors sold Horizon Bancorp shares while 7 reduced holdings. 19 funds opened positions while 62 raised stakes. 18.37 million shares or 199.45% more from 6.14 million shares in 2016Q3 were reported.
Plante Moran Advisors Ltd Liability Co accumulated 4,577 shares. Wellington Management Gp Ltd Liability Partnership reported 923,378 shares stake. Brandywine Global Investment Ltd Liability has 0.02% invested in Horizon Bancorp (NASDAQ:HBNC). Stifel Financial Corporation stated it has 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC). Eidelman Virant Cap has invested 1.03% in Horizon Bancorp (NASDAQ:HBNC). The United Kingdom-based Legal General Grp Pcl has invested 0% in Horizon Bancorp (NASDAQ:HBNC). Kennedy Cap Mngmt owns 35,489 shares or 0.02% of their US portfolio. Fmr Limited invested in 50,000 shares. Northern Trust holds 0% or 228,486 shares in its portfolio. Goldman Sachs Gru reported 7,695 shares. Blackrock Invest Ltd Llc, New Jersey-based fund reported 82,477 shares. Federated Invsts Inc Pa reported 17,911 shares. Moreover, Us National Bank De has 0% invested in Horizon Bancorp (NASDAQ:HBNC) for 9,075 shares. California Employees Retirement has 0% invested in Horizon Bancorp (NASDAQ:HBNC). Schwab Charles Inv Mngmt accumulated 29,850 shares.

Since January 31, 2017, it had 1 insider purchase, and 1 insider sale for $185,643 activity. WINKLER MAURICE F III had bought 8,000 shares worth $204,400. On Friday, February 10 DeRuiter Kathie A sold $18,757 worth of Horizon Bancorp (NASDAQ:HBNC) or 735 shares.

Wall Street await Horizon Bancorp (NASDAQ:HBNC) to release earnings on July, 26. Analysts forecast EPS of $0.41, up exactly $0.03 or 7.89 % from 2014’s $0.38 EPS. The expected HBNC’s profit could reach $9.06 million giving the stock 16.27 P/E in the case that $0.41 earnings per share is reported. After posting $0.34 EPS for the previous quarter, Horizon Bancorp’s analysts now forecast 20.59 % EPS growth. The stock increased 0.45% or $0.12 during the last trading session, reaching $26.69. About 74,090 shares traded. Horizon Bancorp (NASDAQ:HBNC) has risen 57.87% since July 18, 2016 and is uptrending. It has outperformed by 41.17% the S&P500.

Horizon Bancorp (NASDAQ:HBNC) Ratings Coverage

Among 10 analysts covering Horizon Bancorp (NASDAQ:HBNC), 8 have Buy rating, 1 Sell and 1 Hold. Therefore 80% are positive. Horizon Bancorp had 12 analyst reports since August 7, 2015 according to SRatingsIntel. KBW upgraded the shares of HBNC in report on Friday, August 7 to “Outperform” rating. The company was downgraded on Thursday, September 3 by Zacks. FIG Partners upgraded Horizon Bancorp (NASDAQ:HBNC) on Monday, March 14 to “Outperform” rating. The rating was initiated by PiperJaffray on Thursday, October 6 with “Overweight”. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, June 1 report. The firm earned “Outperform” rating on Friday, August 7 by Bruyette & Woods”. The firm has “Mkt Perform” rating by Bruyette & Woods” given on Friday, August 7. Piper Jaffray initiated the shares of HBNC in report on Thursday, October 6 with “Overweight” rating. The company was downgraded on Thursday, January 7 by Sandler O’Neill. The firm has “Overweight” rating given on Friday, October 2 by Stephens.

Horizon Bancorp is a bank holding company. The company has market cap of $589.96 million. The Firm provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. and other affiliated entities and Horizon Risk Management, Inc. It has a 18.5 P/E ratio. The Firm operates through commercial banking segment.

More recent Horizon Bancorp (NASDAQ:HBNC) news were published by: Reuters.com which released: “BRIEF-Horizon Bancorp’s unit filed application to convert from national bank …” on May 26, 2017. Also Marketwatch.com published the news titled: “Horizon Bancorp to buy Wolverine Bancorp at a 31% premium” on June 14, 2017. Businesswire.com‘s news article titled: “Horizon Bancorp, Inc. Announces OTC Market Listing” with publication date: June 09, 2017 was also an interesting one.

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