$0.41 EPS Expected for Horizon Bancorp (HBNC)

July 17, 2017 - By Linda Rogers

 $0.41 EPS Expected for Horizon Bancorp (HBNC)
Investors sentiment increased to 4.76 in Q4 2016. Its up 2.09, from 2.67 in 2016Q3. It increased, 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.
Blackrock Ltd Liability Corp invested 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC). Pacific Ridge Capital Prtn Limited Liability Corporation reported 133,585 shares or 1.34% of all its holdings. Nationwide Fund Advsrs reported 12,309 shares. Legal And General Grp Public Ltd Co has 0% invested in Horizon Bancorp (NASDAQ:HBNC) for 4,749 shares. Prudential owns 129,394 shares for 0.01% of their portfolio. Moreover, Pdt Prtn Ltd Liability Corporation has 0.02% invested in Horizon Bancorp (NASDAQ:HBNC) for 10,200 shares. Cornerstone Capital Hldg Ltd Company accumulated 44,385 shares or 0.01% of the stock. Pl Advsrs Ltd Limited Liability Company owns 889,142 shares. Gsa Prns Limited Liability Partnership accumulated 9,491 shares. Banc Funds Communications Limited Liability Corp reported 0.4% of its portfolio in Horizon Bancorp (NASDAQ:HBNC). 60,173 were accumulated by Morgan Stanley. Renaissance Techs Limited Liability Corporation holds 240,170 shares or 0.01% of its portfolio. National Bank Of America De reported 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC). Blackrock Incorporated accumulated 4,585 shares or 0% of the stock. Amica Mutual Com invested in 0.3% or 119,484 shares.

Since January 31, 2017, it had 1 insider purchase, and 1 sale for $185,643 activity. DeRuiter Kathie A also sold $18,757 worth of Horizon Bancorp (NASDAQ:HBNC) shares. WINKLER MAURICE F III also bought $204,400 worth of Horizon Bancorp (NASDAQ:HBNC) on Tuesday, January 31.

Analysts await Horizon Bancorp (NASDAQ:HBNC) to report earnings on July, 26. They expect $0.41 EPS, up 7.89 % or $0.03 from last year’s $0.38 per share. HBNC’s profit will be $9.06 million for 16.27 P/E if the $0.41 EPS becomes a reality. After $0.34 actual EPS reported by Horizon Bancorp for the previous quarter, Wall Street now forecasts 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. PiperJaffray initiated it with “Overweight” rating and $33.50 target in Thursday, October 6 report. KBW upgraded the shares of HBNC in report on Friday, August 7 to “Outperform” rating. Piper Jaffray initiated it with “Overweight” rating and $33.50 target in Thursday, October 6 report. On Thursday, June 1 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm earned “Outperform” rating on Monday, March 14 by FIG Partners. As per Thursday, September 3, the company rating was downgraded by Zacks. Bruyette & Woods” upgraded Horizon Bancorp (NASDAQ:HBNC) on Friday, August 7 to “Outperform” rating. On Friday, October 2 the stock rating was initiated by Stephens with “Overweight”. As per Thursday, January 7, the company rating was downgraded by Sandler O’Neill. The firm has “Mkt Perform” rating by Bruyette & Woods” given on Friday, August 7.

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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