Prudential Financial Inc. lessened its stake in Horizon Bancorp (IN) (NASDAQ:HBNC) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,534 shares of the financial services provider’s stock after selling 7,420 shares during the quarter. Prudential Financial Inc. owned approximately 0.49% of Horizon Bancorp (IN) worth $2,887,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Sabal Trust CO raised its holdings in shares of Horizon Bancorp (IN) by 0.4% in the 2nd quarter. Sabal Trust CO now owns 16,540 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 69 shares during the period. Goldman Sachs Group Inc. raised its holdings in Horizon Bancorp (IN) by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,214 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 519 shares during the period. Credit Suisse AG raised its holdings in Horizon Bancorp (IN) by 5.0% during the 1st quarter. Credit Suisse AG now owns 12,139 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 573 shares during the period. Legal & General Group Plc raised its holdings in Horizon Bancorp (IN) by 14.2% during the 2nd quarter. Legal & General Group Plc now owns 5,331 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 662 shares during the period. Finally, American Century Companies Inc. raised its holdings in Horizon Bancorp (IN) by 6.2% during the 2nd quarter. American Century Companies Inc. now owns 11,664 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 678 shares during the period. 45.13% of the stock is currently owned by institutional investors.

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A number of equities research analysts have issued reports on HBNC shares. Zacks Investment Research raised shares of Horizon Bancorp (IN) from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, July 3rd. ValuEngine raised shares of Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $32.00 target price on shares of Horizon Bancorp (IN) and gave the company a “buy” rating in a report on Saturday, July 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $29.50.

Shares of Horizon Bancorp (NASDAQ HBNC) opened at 27.43 on Monday. The firm’s 50-day moving average is $25.95 and its 200-day moving average is $26.06. The company has a market cap of $608.29 million, a PE ratio of 20.64 and a beta of 0.99. Horizon Bancorp has a one year low of $17.70 and a one year high of $28.63.

In other Horizon Bancorp (IN) news, insider James D. Neff sold 1,800 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $26.25, for a total value of $47,250.00. Following the transaction, the insider now directly owns 147,176 shares in the company, valued at $3,863,370. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas H. Edwards sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. Following the completion of the transaction, the insider now owns 1,689 shares in the company, valued at $43,914. The disclosure for this sale can be found here. Insiders sold 27,254 shares of company stock worth $713,536 over the last quarter. Insiders own 5.40% of the company’s stock.

Horizon Bancorp (IN) Company Profile

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.

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

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