Media headlines about Horizon Bancorp (IN) (NASDAQ:HBNC) have been trending somewhat positive recently, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Horizon Bancorp (IN) earned a coverage optimism score of 0.16 on Alpha One’s scale. Alpha One also gave news headlines about the financial services provider an impact score of 25 out of 100, indicating that recent press coverage is very unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected AlphaOne Sentiment’s rankings:
- Corporate News Blog – Horizon Bancorp and Wolverine Bancorp Announce Merger (finance.yahoo.com)
- Horizon (HBNC) Will Pay 31% Premium to Buy Wolverine (WBKC) (finance.yahoo.com)
- Horizon Bancorp and Wolverine Bancorp Sign Merger Agreement (finance.yahoo.com)
- Horizon Bancorp (IN) (HBNC) Announces Dividend Increase – $0.13 Per Share (americanbankingnews.com)
- Horizon Bancorp (HBNC) to Acquire Wolverine Bancorp (WBKC) for $41.92 Per Share in Cash and Stock (streetinsider.com)
Horizon Bancorp (NASDAQ:HBNC) traded down 0.31% during midday trading on Monday, hitting $26.06. The stock had a trading volume of 67,000 shares. The stock’s 50-day moving average is $26.13 and its 200-day moving average is $26.14. Horizon Bancorp has a 1-year low of $15.93 and a 1-year high of $28.63. The company has a market capitalization of $577.91 million, a PE ratio of 20.62 and a beta of 1.00.
Horizon Bancorp (IN) (NASDAQ:HBNC) last posted its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.07. The company had revenue of $33.13 million for the quarter, compared to analysts’ expectations of $34.97 million. Horizon Bancorp (IN) had a return on equity of 9.51% and a net margin of 17.90%. Equities research analysts forecast that Horizon Bancorp will post $1.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from Horizon Bancorp (IN)’s previous quarterly dividend of $0.11. Horizon Bancorp (IN)’s dividend payout ratio (DPR) is presently 34.74%.
Several equities analysts recently commented on HBNC shares. Zacks Investment Research cut Horizon Bancorp (IN) from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. ValuEngine upgraded Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $29.00 price objective on shares of Horizon Bancorp (IN) in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $26.83.
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.
Receive News & Ratings for Horizon Bancorp (IN) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Bancorp (IN) and related companies with our FREE daily email newsletter.