Horizon Bancorp (NASDAQ:HBNC) has analysts on the Bullish side this week.

December 8, 2017 - By reb123z

 Horizon Bancorp (NASDAQ:HBNC) has analysts on the Bullish side this week.
Investors sentiment increased to 1.69 in 2017 Q2. Its up 0.61, from 1.08 in 2017Q1. It increased, as 6 investors sold Horizon Bancorp shares while 23 reduced holdings. 10 funds opened positions while 39 raised stakes. 10.11 million shares or 6.33% more from 9.50 million shares in 2017Q1 were reported.
Moreover, Fmr Ltd Limited Liability Company has 0% invested in Horizon Bancorp (NASDAQ:HBNC) for 45,001 shares. Prudential Incorporated reported 0% stake. 135,963 were accumulated by Bank Of Ny Mellon. Swiss Savings Bank holds 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC) for 37,800 shares. Ameritas Inv Prtn Incorporated, a Nebraska-based fund reported 1,870 shares. Invesco Limited holds 0% or 71,510 shares. Product Partners Ltd holds 0.01% in Horizon Bancorp (NASDAQ:HBNC) or 8,900 shares. Comerica Savings Bank reported 23,125 shares stake. Rhumbline Advisers has 24,527 shares. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Horizon Bancorp (NASDAQ:HBNC). Thrivent For Lutherans holds 0.02% of its portfolio in Horizon Bancorp (NASDAQ:HBNC) for 149,970 shares. Pacific Ridge Cap Prtn Limited Liability owns 147,893 shares. Credit Suisse Ag holds 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC) for 10,474 shares. Morgan Stanley invested in 31,268 shares or 0% of the stock. Geode Lc invested 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC).

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 16 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by KBW on Friday, August 7 to “Outperform”. The firm earned “Buy” rating on Thursday, August 24 by Keefe Bruyette & Woods. The stock of Horizon Bancorp (NASDAQ:HBNC) has “Mkt Perform” rating given on Friday, August 7 by Bruyette & Woods”. Keefe Bruyette & Woods maintained it with “Buy” rating and $31.0 target in Tuesday, October 3 report. The stock of Horizon Bancorp (NASDAQ:HBNC) earned “Buy” rating by Piper Jaffray on Friday, October 6. Stephens initiated Horizon Bancorp (NASDAQ:HBNC) on Friday, October 2 with “Overweight” rating. PiperJaffray initiated Horizon Bancorp (NASDAQ:HBNC) rating on Thursday, October 6. PiperJaffray has “Overweight” rating and $33.50 target. Piper Jaffray initiated Horizon Bancorp (NASDAQ:HBNC) rating on Thursday, October 6. Piper Jaffray has “Overweight” rating and $33.50 target. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, June 1. The rating was upgraded by FIG Partners on Monday, March 14 to “Outperform”. Below is a list of Horizon Bancorp (NASDAQ:HBNC) latest ratings and price target changes.

06/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $32.0 Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $31.0 Maintain
24/08/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $31.0 Maintain
28/07/2017 Broker: Piper Jaffray Rating: Buy New Target: $32.0000 Maintain

The stock decreased 0.76% or $0.21 during the last trading session, reaching $27.41. About 54,042 shares traded. Horizon Bancorp (NASDAQ:HBNC) has risen 57.87% since December 8, 2016 and is uptrending. It has outperformed by 41.17% the S&P500.

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 $698.93 million. The firm offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. It has a 19.76 P/E ratio. The Company’s loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; real estate, mortgage warehouse, and consumer loans.

More notable recent Horizon Bancorp (NASDAQ:HBNC) news were published by: Globenewswire.com which released: “Horizon Bancorp Announces Closing of Wolverine Bancorp Merger” on October 17, 2017, also Globenewswire.com with their article: “Horizon Bancorp and Lafayette Community Bancorp Announce Receipt of Regulatory …” published on August 16, 2017, Nasdaq.com published: “Horizon Bancorp (IN) (HBNC) Ex-Dividend Date Scheduled for October 05, 2017” on October 04, 2017. More interesting news about Horizon Bancorp (NASDAQ:HBNC) were released by: Globenewswire.com and their article: “Horizon Bancorp and Lafayette Community Bancorp Announce the Signing of a …” published on May 23, 2017 as well as Globenewswire.com‘s news article titled: “Horizon Bancorp Announces Closing of Lafayette Community Bancorp Merger” with publication date: September 01, 2017.

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