Horizon Bancorp (HBNC) EPS Estimated At $0.41

July 17, 2017 - By reb123z

 Horizon Bancorp (HBNC) EPS Estimated At $0.41
Investors sentiment increased to 4.76 in 2016 Q4. Its up 2.09, from 2.67 in 2016Q3. It is positive, 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.
Amica Pension Fund Board Of Trustees invested in 86,886 shares. Amica Retiree Med Trust holds 0.3% or 13,403 shares. Blackrock Fund Advisors invested 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC). Northern Tru owns 228,486 shares for 0% of their portfolio. Rhumbline Advisers reported 22,117 shares. Tower Capital Lc (Trc) holds 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC) for 160 shares. Goldman Sachs Group Inc has invested 0% in Horizon Bancorp (NASDAQ:HBNC). Dubuque Comml Bank Trust invested in 12,825 shares or 0.06% of the stock. Moreover, Bank & Trust Of New York Mellon has 0% invested in Horizon Bancorp (NASDAQ:HBNC) for 118,969 shares. Jpmorgan Chase Co owns 31,181 shares or 0% of their US portfolio. State Street Corp invested 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC). Connor Clark And Lunn Investment Management Limited accumulated 9,275 shares. 272,417 are held by Jacobs Asset Mgmt Ltd Company. Brandywine Global Llc holds 0.02% or 89,150 shares in its portfolio. 4,577 are owned by Plante Moran Advsrs Lc.

Since January 31, 2017, it had 1 insider buy, and 1 sale for $185,643 activity. $18,757 worth of Horizon Bancorp (NASDAQ:HBNC) shares were sold by DeRuiter Kathie A. WINKLER MAURICE F III bought 8,000 shares worth $204,400.

Investors wait Horizon Bancorp (NASDAQ:HBNC) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.41 EPS, up $0.03 or 7.89 % from last year’s $0.38 same quarter earnings. This translates into $9.06 million profit for HBNC giving the stock a 16.27 P/E. This is assuming the current $0.41 EPS is accurate. Horizon Bancorp’s Wall Street analysts see 20.59 % EPS growth, taking into account the $0.34 EPS reproted in the previous quarter, 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. Bruyette & Woods” upgraded the shares of HBNC in report on Friday, August 7 to “Outperform” rating. KBW upgraded it to “Outperform” rating and $29 target in Friday, August 7 report. The firm earned “Buy” rating on Thursday, June 1 by Keefe Bruyette & Woods. The firm has “Overweight” rating given on Thursday, October 6 by PiperJaffray. The rating was upgraded by FIG Partners on Monday, March 14 to “Outperform”. Piper Jaffray initiated Horizon Bancorp (NASDAQ:HBNC) rating on Thursday, October 6. Piper Jaffray has “Overweight” rating and $33.50 target. On Thursday, January 7 the stock rating was downgraded by Sandler O’Neill to “Hold”. As per Friday, August 7, the company rating was upgraded by Bruyette & Woods”. The rating was downgraded by Zacks to “Sell” on Thursday, September 3. The stock has “Overweight” rating by Stephens on Friday, October 2.

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: Marketwatch.com which released: “Horizon Bancorp to buy Wolverine Bancorp at a 31% premium” on June 14, 2017. Also Reuters.com published the news titled: “BRIEF-Horizon Bancorp’s unit filed application to convert from national bank …” on May 26, 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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