Inceptionr LLC Has $215,000 Position in Horizon Bancorp, Inc. (NASDAQ:HBNC)

Inceptionr LLC reduced its position in shares of Horizon Bancorp, Inc. (NASDAQ:HBNC) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,315 shares of the financial services provider’s stock after selling 3,554 shares during the period. Inceptionr LLC’s holdings in Horizon Bancorp were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in 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 worth $25,000 after purchasing an additional 1,233 shares during the last quarter. Quarry LP lifted its holdings in Horizon Bancorp by 508.1% during the 3rd quarter. Quarry LP now owns 2,098 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,753 shares during the last quarter. R Squared Ltd acquired a new stake in Horizon Bancorp during the 4th quarter worth approximately $39,000. POM Investment Strategies LLC acquired a new stake in Horizon Bancorp during the 4th quarter worth approximately $92,000. Finally, Centiva Capital LP acquired a new stake in Horizon Bancorp during the 3rd quarter worth approximately $163,000. 64.51% of the stock is owned by institutional investors and hedge funds.

Horizon Bancorp Price Performance

Shares of NASDAQ HBNC opened at $15.30 on Tuesday. The stock has a market capitalization of $668.84 million, a PE ratio of 19.13 and a beta of 1.05. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day moving average price of $16.46 and a two-hundred day moving average price of $16.48. Horizon Bancorp, Inc. has a fifty-two week low of $11.18 and a fifty-two week high of $19.18.

Horizon Bancorp (NASDAQ:HBNC) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Horizon Bancorp had a return on equity of 8.48% and a net margin of 9.86%. As a group, equities analysts predict 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, January 17th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.18%. Horizon Bancorp’s dividend payout ratio (DPR) is currently 80.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HBNC shares. Keefe, Bruyette & Woods lifted their price objective on Horizon Bancorp from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler dropped their price objective on Horizon Bancorp from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

Horizon Bancorp Profile

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.