Thrivent Financial for Lutherans Has $1.06 Million Position in Horizon Bancorp, Inc. (NASDAQ:HBNC)

Thrivent Financial for Lutherans trimmed its holdings in shares of Horizon Bancorp, Inc. (NASDAQ:HBNC) by 31.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,971 shares of the financial services provider’s stock after selling 30,700 shares during the period. Thrivent Financial for Lutherans’ holdings in Horizon Bancorp were worth $1,063,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HBNC. PL Capital Advisors LLC raised its holdings in Horizon Bancorp by 1,521.9% during the fourth quarter. PL Capital Advisors LLC now owns 23,893,933 shares of the financial services provider’s stock worth $384,931,000 after acquiring an additional 22,420,759 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Horizon Bancorp by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,053,625 shares of the financial services provider’s stock worth $16,387,000 after purchasing an additional 52,423 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Horizon Bancorp by 2.4% during the 4th 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. Empowered Funds LLC boosted its holdings in shares of Horizon Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 117,080 shares of the financial services provider’s stock valued at $1,886,000 after buying an additional 5,686 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Horizon Bancorp by 62.7% in the third quarter. Barclays PLC now owns 109,553 shares of the financial services provider’s stock valued at $1,704,000 after buying an additional 42,218 shares in the last quarter. Institutional investors own 64.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on HBNC shares. Piper Sandler dropped their price target on shares of Horizon Bancorp from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods upped their target price on shares of Horizon Bancorp from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Horizon Bancorp Stock Up 0.3 %

HBNC stock opened at $15.12 on Wednesday. Horizon Bancorp, Inc. has a 1-year low of $11.18 and a 1-year high of $19.18. The business’s 50 day simple moving average is $16.37 and its 200 day simple moving average is $16.44. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $665.51 million, a PE ratio of 18.90 and a beta of 1.05.

Horizon Bancorp (NASDAQ:HBNC) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 EPS 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, research analysts anticipate that Horizon Bancorp, Inc. will post 1.78 EPS for the current year.

Horizon Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.64 annualized dividend and a yield of 4.23%. Horizon Bancorp’s dividend payout ratio is currently 80.00%.

Horizon Bancorp Company 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.