Horizon Bancorp (HBNC) Analysts See $0.44 EPS

January 14, 2018 - By Dolores Ford

 Horizon Bancorp (HBNC) Analysts See $0.44 EPS
Investors sentiment increased to 1.7 in Q3 2017. Its up 0.01, from 1.69 in 2017Q2. It increased, as 2 investors sold Horizon Bancorp shares while 21 reduced holdings. 6 funds opened positions while 33 raised stakes. 11.20 million shares or 10.81% more from 10.11 million shares in 2017Q2 were reported.
Swiss State Bank invested in 0% or 37,800 shares. Wells Fargo And Commerce Mn reported 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC). Northern Corporation holds 243,635 shares or 0% of its portfolio. 14,419 are held by Voya Invest Mngmt Llc. Plante Moran Fincl Advsr Lc has invested 0.08% in Horizon Bancorp (NASDAQ:HBNC). Jacobs Asset Mngmt Ltd Company, a New York-based fund reported 327,846 shares. Thomson Horstmann And Bryant accumulated 40,320 shares. Virginia Retirement Et Al owns 11,300 shares. Thrivent Fincl For Lutherans invested in 149,970 shares. State Street invested in 0% or 415,645 shares. Menta Capital Limited Liability Corporation holds 8,077 shares or 0.03% of its portfolio. Foundry Prtn Ltd Liability Com holds 0.29% or 247,577 shares in its portfolio. Credit Suisse Ag stated it has 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC). 69,654 are held by Prudential Fin. Eidelman Virant Cap holds 23,090 shares.

Since August 8, 2017, it had 0 insider purchases, and 5 sales for $699,573 activity. On Tuesday, September 12 EDWARDS THOMAS H sold $78,000 worth of Horizon Bancorp (NASDAQ:HBNC) or 3,000 shares. NEFF JAMES D also sold $128,373 worth of Horizon Bancorp (NASDAQ:HBNC) on Tuesday, August 8.

Analysts expect Horizon Bancorp (NASDAQ:HBNC) to report $0.44 EPS on January, 24.They anticipate $0.06 EPS change or 15.79 % from last quarter’s $0.38 EPS. HBNC’s profit would be $11.22M giving it 16.09 P/E if the $0.44 EPS is correct. After having $0.41 EPS previously, Horizon Bancorp’s analysts see 7.32 % EPS growth. The stock increased 0.14% or $0.04 during the last trading session, reaching $28.32. About 71,100 shares traded. Horizon Bancorp (NASDAQ:HBNC) has risen 57.87% since January 14, 2017 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 has $33.50 highest and $28 lowest target. $30.57’s average target is 7.94% above currents $28.32 stock price. Horizon Bancorp had 18 analyst reports since August 7, 2015 according to SRatingsIntel. As per Thursday, October 6, the company rating was initiated by PiperJaffray. The rating was maintained by Keefe Bruyette & Woods on Thursday, August 24 with “Buy”. Piper Jaffray maintained the shares of HBNC in report on Friday, October 6 with “Buy” rating. The stock has “Outperform” rating by KBW on Friday, August 7. The firm earned “Buy” rating on Friday, July 28 by Piper Jaffray. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, June 1. The stock has “Hold” rating by Sandler O’Neill on Thursday, January 7. The firm earned “Overweight” rating on Friday, October 2 by Stephens. On Monday, March 14 the stock rating was upgraded by FIG Partners to “Outperform”. Sandler O’Neill maintained Horizon Bancorp (NASDAQ:HBNC) on Wednesday, January 3 with “Hold” rating.

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 $722.13 million. The firm offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. It has a 20.42 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: Nasdaq.com which released: “Horizon Bancorp (IN) (HBNC) Ex-Dividend Date Scheduled for October 05, 2017” on October 04, 2017, also Marketwatch.com with their article: “Horizon Bancorp to buy Wolverine Bancorp at a 31% premium” published on June 14, 2017, Globenewswire.com published: “Horizon Bancorp and Lafayette Community Bancorp Announce Receipt of Regulatory …” on August 16, 2017. More interesting news about Horizon Bancorp (NASDAQ:HBNC) were released by: Globenewswire.com and their article: “Horizon Bancorp Announces Closing of Lafayette Community Bancorp Merger” published on September 01, 2017 as well as Streetinsider.com‘s news article titled: “Horizon Bancorp (HBNC) Names James D. Neff as President” with publication date: January 03, 2018.

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