News articles about Horizon Bancorp (IN) (NASDAQ:HBNC) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Horizon Bancorp (IN) earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.6183670138692 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of brokerages have recently issued reports on HBNC. Piper Jaffray Companies set a $32.00 price target on shares of Horizon Bancorp (IN) and gave the stock a “buy” rating in a report on Saturday, July 29th. Zacks Investment Research upgraded shares of Horizon Bancorp (IN) from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Monday, July 3rd. Keefe, Bruyette & Woods restated a “buy” rating and set a $29.00 price target on shares of Horizon Bancorp (IN) in a report on Wednesday, April 26th. Finally, ValuEngine upgraded shares of Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $29.50.

Shares of Horizon Bancorp (NASDAQ:HBNC) traded down 1.28% during mid-day trading on Friday, hitting $25.53. 72,037 shares of the stock were exchanged. The stock has a market cap of $567.15 million, a PE ratio of 19.34 and a beta of 0.98. The company has a 50-day moving average of $26.34 and a 200 day moving average of $26.09. Horizon Bancorp has a one year low of $17.70 and a one year high of $28.63.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.52 annualized dividend and a dividend yield of 2.04%. This is a positive change from Horizon Bancorp (IN)’s previous quarterly dividend of $0.11. Horizon Bancorp (IN)’s dividend payout ratio is presently 39.10%.

In other news, insider James D. Neff sold 4,799 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $26.75, for a total value of $128,373.25. Following the completion of the transaction, the insider now directly owns 147,176 shares in the company, valued at $3,936,958. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.40% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Horizon Bancorp (IN) (NASDAQ:HBNC)

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