PL Capital Advisors LLC continued to hold its stake in shares of Horizon Bancorp (IN) (NASDAQ:HBNC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 889,142 shares of the financial services provider’s stock at the end of the second quarter. Horizon Bancorp (IN) accounts for approximately 6.2% of PL Capital Advisors LLC’s investment portfolio, making the stock its 5th largest position. PL Capital Advisors LLC’s holdings in Horizon Bancorp (IN) were worth $23,429,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sei Investments Co. bought a new stake in shares of Horizon Bancorp (IN) during the second quarter worth about $356,000. Thomson Horstmann & Bryant Inc. raised its stake in shares of Horizon Bancorp (IN) by 9.6% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 41,602 shares of the financial services provider’s stock worth $1,096,000 after buying an additional 3,640 shares during the period. Sabal Trust CO raised its stake in shares of Horizon Bancorp (IN) by 0.4% in the second quarter. Sabal Trust CO now owns 16,540 shares of the financial services provider’s stock worth $436,000 after buying an additional 69 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Horizon Bancorp (IN) by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,214 shares of the financial services provider’s stock worth $215,000 after buying an additional 519 shares during the period. Finally, Credit Suisse AG raised its stake in shares of Horizon Bancorp (IN) by 5.0% in the first quarter. Credit Suisse AG now owns 12,139 shares of the financial services provider’s stock worth $319,000 after buying an additional 573 shares during the period. 44.09% of the stock is owned by institutional investors.

Shares of Horizon Bancorp (NASDAQ HBNC) opened at 26.07 on Thursday. The company has a 50 day moving average of $26.33 and a 200 day moving average of $26.09. Horizon Bancorp has a 1-year low of $17.70 and a 1-year high of $28.63. The firm has a market cap of $578.13 million, a price-to-earnings ratio of 19.62 and a beta of 0.98.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a dividend of $0.13 per share. This is a boost from Horizon Bancorp (IN)’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, July 5th. This represents a $0.52 annualized dividend and a yield of 1.99%. Horizon Bancorp (IN)’s dividend payout ratio is presently 39.10%.

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A number of equities research analysts have issued reports on the stock. Piper Jaffray Companies set a $32.00 target price on shares of Horizon Bancorp (IN) and gave the company a “buy” rating in a research note on Saturday, July 29th. Zacks Investment Research lowered shares of Horizon Bancorp (IN) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine raised shares of Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $29.00 target price on shares of Horizon Bancorp (IN) in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.50.

About Horizon Bancorp (IN)

Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities and Horizon Risk Management, Inc The Company operates through commercial banking segment.

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Institutional Ownership by Quarter for Horizon Bancorp (IN) (NASDAQ:HBNC)

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