Institutional Investor’s Pro-Horizon Bancorp (NASDAQ:HBNC) Sentiment In 2018 Q2

Horizon Bancorp, Inc. (NASDAQ:HBNC) Logo

Sentiment for Horizon Bancorp (NASDAQ:HBNC)

Horizon Bancorp (NASDAQ:HBNC) institutional sentiment increased to 7.33 in Q2 2018. Its up 6.04, from 1.29 in 2018Q1. The ratio is better, as 88 hedge funds opened new or increased equity positions, while 12 reduced and sold stock positions in Horizon Bancorp. The hedge funds in our partner’s database now possess: 38.64 million shares, up from 12.89 million shares in 2018Q1. Also, the number of hedge funds holding Horizon Bancorp in their top 10 equity 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 EPS, 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 EPS 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 buy, and 2 selling transactions for $154,036 activity.

More notable recent Horizon Bancorp, Inc. (NASDAQ:HBNC) news were published by: Seekingalpha.com which released: “Stocks To Watch: Calling Up Animal Spirits – Seeking Alpha” on September 22, 2018, also Nasdaq.com with their article: “Horizon Bancorp (HBNC) Lags Q3 Earnings and Revenue Estimates – Nasdaq” published on October 29, 2018, Nasdaq.com published: “Bank OZK (OZK) Hikes Dividend: Is the Stock Worth a Look? – Nasdaq” on October 03, 2018. More interesting news about Horizon Bancorp, Inc. (NASDAQ:HBNC) were released by: Globenewswire.com and their article: “Horizon Bancorp, Inc. Announces Record Quarterly and Year-to-Date Earnings – GlobeNewswire” published on July 25, 2018 as well as Nasdaq.com‘s news article titled: “Horizon Bancorp (IN) (HBNC) Ex-Dividend Date Scheduled for April 05, 2018 – Nasdaq” with publication date: April 04, 2018.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.