One Capital Management LLC Sells 4,472 Shares of Horizon Bancorp, Inc. (NASDAQ:HBNC)

One Capital Management LLC lessened its holdings in shares of Horizon Bancorp, Inc. (NASDAQ:HBNC) by 27.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,996 shares of the financial services provider’s stock after selling 4,472 shares during the quarter. One Capital Management LLC’s holdings in Horizon Bancorp were worth $193,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in Horizon Bancorp in the fourth quarter worth $234,000. Charles Schwab Investment Management Inc. raised its holdings in Horizon Bancorp by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 359,247 shares of the financial services provider’s stock worth $5,787,000 after purchasing an additional 8,266 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Horizon Bancorp by 362.6% in the fourth 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 in the last quarter. PL Capital Advisors LLC raised its holdings in Horizon Bancorp by 0.7% in the fourth quarter. PL Capital Advisors LLC now owns 1,483,174 shares of the financial services provider’s stock worth $23,894,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Horizon Bancorp by 3.7% in the fourth quarter. Rhumbline Advisers now owns 69,900 shares of the financial services provider’s stock worth $1,126,000 after purchasing an additional 2,521 shares in the last quarter. Institutional investors own 64.51% of the company’s stock.

Horizon Bancorp Price Performance

Shares of NASDAQ:HBNC opened at $15.97 on Friday. Horizon Bancorp, Inc. has a 1-year low of $11.18 and a 1-year high of $19.18. 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 $16.47 and a 200-day moving average price of $16.45. The company has a market capitalization of $698.13 million, a PE ratio of 19.96 and a beta of 1.05.

Horizon Bancorp (NASDAQ:HBNC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). Horizon Bancorp had a net margin of 9.86% and a return on equity of 8.48%. As a group, equities analysts expect that Horizon Bancorp, Inc. will post 1.78 EPS for the current fiscal year.

Horizon Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.16 per share. The ex-dividend date was Friday, January 3rd. This represents a $0.64 annualized dividend and a dividend yield of 4.01%. Horizon Bancorp’s dividend payout ratio (DPR) is presently 80.00%.

Analyst Ratings Changes

HBNC has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price objective on Horizon Bancorp from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler reduced their price target on Horizon Bancorp from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

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.