EPS for Horizon Bancorp, Inc. (HBNC) Expected At $0.35

July 16, 2018 - By Jason Dias

Horizon Bancorp, Inc. (NASDAQ:HBNC) LogoInvestors sentiment decreased to 1.29 in Q1 2018. Its down 0.54, from 1.83 in 2017Q4. It dived, as 9 investors sold Horizon Bancorp, Inc. shares while 25 reduced holdings. 9 funds opened positions while 35 raised stakes. 12.89 million shares or 5.93% more from 12.17 million shares in 2017Q4 were reported.
California State Teachers Retirement System owns 34,988 shares. Jacobs Asset Mgmt Limited Liability Co reported 327,846 shares. Blackrock reported 1.30 million shares. Pacific Ridge Capital Prtnrs Llc stated it has 1.2% of its portfolio in Horizon Bancorp, Inc. (NASDAQ:HBNC). Maltese Capital Management Ltd Liability, a New York-based fund reported 120,000 shares. 47,941 are owned by Millennium Mngmt Ltd Llc. Bridgeway Management, a Texas-based fund reported 40,420 shares. Amica Pension Fund Board Of Trustees holds 86,886 shares or 0.36% of its portfolio. Atlantic Tru Grp holds 1,731 shares or 0% of its portfolio. Earnest Ptnrs Limited Liability Corporation holds 1,950 shares or 0% of its portfolio. Us Bank & Trust De owns 0% invested in Horizon Bancorp, Inc. (NASDAQ:HBNC) for 9,150 shares. Credit Suisse Ag stated it has 0% in Horizon Bancorp, Inc. (NASDAQ:HBNC). Thrivent For Lutherans holds 132,330 shares or 0.01% of its portfolio. Amica Retiree Tru reported 13,402 shares. Northern Trust owns 263,338 shares for 0% of their portfolio.

Since February 21, 2018, it had 1 buying transaction, and 5 insider sales for $797,633 activity. On Friday, May 11 DeRuiter Kathie A sold $19,586 worth of Horizon Bancorp, Inc. (NASDAQ:HBNC) or 652 shares. Kuhn Dennis sold $225,000 worth of stock. Blackhurst Eric P. had bought 1,630 shares worth $50,041 on Friday, May 18. Another trade for 2,250 shares valued at $70,538 was made by DWIGHT CRAIG M on Wednesday, May 30.

Analysts expect Horizon Bancorp, Inc. (NASDAQ:HBNC) to report $0.35 EPS on July, 26.They anticipate $0.07 EPS change or 25.00 % from last quarter’s $0.28 EPS. HBNC’s profit would be $13.42 million giving it 14.62 P/E if the $0.35 EPS is correct. After having $0.29 EPS previously, Horizon Bancorp, Inc.’s analysts see 20.69 % EPS growth. The stock increased 1.14% or $0.23 during the last trading session, reaching $20.47. About 55,033 shares traded. Horizon Bancorp, Inc. (NASDAQ:HBNC) has risen 23.26% since July 16, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

Horizon Bancorp, Inc. (NASDAQ:HBNC) Ratings Coverage

Among 3 analysts covering Horizon Bancorp (NASDAQ:HBNC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Horizon Bancorp had 4 analyst reports since January 25, 2018 according to SRatingsIntel. The company was maintained on Monday, February 26 by Keefe Bruyette & Woods. As per Thursday, January 25, the company rating was maintained by Sandler O’Neill. The stock has “Buy” rating by Piper Jaffray on Sunday, January 28. As per Thursday, January 25, the company rating was maintained by Keefe Bruyette & Woods.

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 $784.67 million. The firm offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. It has a 19.55 P/E ratio. The Company’s loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; real estate, mortgage warehouse, and consumer loans.

Horizon Bancorp, Inc. (NASDAQ:HBNC) Institutional Positions Chart

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