Analysts See $0.44 EPS for Horizon Bancorp (HBNC)

January 14, 2018 - By Adrian Erickson

 Analysts See $0.44 EPS for Horizon Bancorp (HBNC)
Investors sentiment increased to 1.7 in 2017 Q3. Its up 0.01, from 1.69 in 2017Q2. It improved, as 2 investors sold Horizon Bancorp shares while 21 reduced holdings. 6 funds opened positions while 33 raised stakes. 11.20 million shares or 10.81% more from 10.11 million shares in 2017Q2 were reported.
Stifel has invested 0% in Horizon Bancorp (NASDAQ:HBNC). Comerica Bankshares has invested 0.03% in Horizon Bancorp (NASDAQ:HBNC). Barclays Public Ltd Company has invested 0% in Horizon Bancorp (NASDAQ:HBNC). Schwab Charles Invest Mngmt holds 0% or 87,582 shares. 8,928 are held by Products Prtnrs. Wells Fargo And Mn accumulated 58,314 shares. Bnp Paribas Arbitrage Sa reported 2,084 shares or 0% of all its holdings. Nationwide Fund Advsr invested in 14,031 shares. Meeder Asset holds 0% or 490 shares. Northern Tru has invested 0% in Horizon Bancorp (NASDAQ:HBNC). Cornerstone Capital Management Holdg Ltd Company invested in 54,177 shares or 0.01% of the stock. Citigroup holds 3,965 shares or 0% of its portfolio. First Tru Advsr L P holds 0.01% or 70,315 shares. Delta Asset Mgmt Ltd Liability Co Tn reported 2,574 shares. Kennedy Cap Mgmt has invested 0.05% in Horizon Bancorp (NASDAQ:HBNC).

Since August 8, 2017, it had 0 insider buys, and 5 sales for $699,573 activity. 3,000 shares were sold by EDWARDS THOMAS H, worth $78,000 on Tuesday, September 12. Shares for $173,050 were sold by NEFF JAMES D.

Analysts expect Horizon Bancorp (NASDAQ:HBNC) to report $0.44 EPS on January, 24.They anticipate $0.06 EPS change or 15.79 % from last quarter’s $0.38 EPS. HBNC’s profit would be $11.22M giving it 16.09 P/E if the $0.44 EPS is correct. After having $0.41 EPS previously, Horizon Bancorp’s analysts see 7.32 % EPS growth. The stock increased 0.14% or $0.04 during the last trading session, reaching $28.32. About 71,100 shares traded. Horizon Bancorp (NASDAQ:HBNC) has risen 57.87% since January 14, 2017 and is uptrending. It has outperformed by 41.17% the S&P500.

Horizon Bancorp (NASDAQ:HBNC) Ratings Coverage

Among 10 analysts covering Horizon Bancorp (NASDAQ:HBNC), 8 have Buy rating, 1 Sell and 1 Hold. Therefore 80% are positive. Horizon Bancorp has $33.50 highest and $28 lowest target. $30.57’s average target is 7.94% above currents $28.32 stock price. Horizon Bancorp had 18 analyst reports since August 7, 2015 according to SRatingsIntel. Sandler O’Neill downgraded Horizon Bancorp (NASDAQ:HBNC) on Thursday, January 7 to “Hold” rating. As per Thursday, June 1, the company rating was maintained by Keefe Bruyette & Woods. The stock of Horizon Bancorp (NASDAQ:HBNC) earned “Overweight” rating by Stephens on Friday, October 2. The stock of Horizon Bancorp (NASDAQ:HBNC) earned “Buy” rating by Piper Jaffray on Friday, July 28. The firm has “Outperform” rating by FIG Partners given on Monday, March 14. The rating was initiated by PiperJaffray on Thursday, October 6 with “Overweight”. The firm earned “Hold” rating on Wednesday, January 3 by Sandler O’Neill. On Friday, August 7 the stock rating was upgraded by Bruyette & Woods” to “Mkt Perform”. The stock of Horizon Bancorp (NASDAQ:HBNC) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, August 24 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 $722.13 million. The firm offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. It has a 20.42 P/E ratio. The Company’s loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; real estate, mortgage warehouse, and consumer loans.

More notable recent Horizon Bancorp (NASDAQ:HBNC) news were published by: Globenewswire.com which released: “Horizon Bancorp and Lafayette Community Bancorp Announce Receipt of Regulatory …” on August 16, 2017, also Globenewswire.com with their article: “Horizon Bancorp Announces Closing of Wolverine Bancorp Merger” published on October 17, 2017, Streetinsider.com published: “Horizon Bancorp (HBNC) Names James D. Neff as President” on January 03, 2018. More interesting news about Horizon Bancorp (NASDAQ:HBNC) were released by: Globenewswire.com and their article: “Horizon Bancorp Announces Closing of Lafayette Community Bancorp Merger” published on September 01, 2017 as well as Nasdaq.com‘s news article titled: “Horizon Bancorp (IN) (HBNC) Ex-Dividend Date Scheduled for October 05, 2017” with publication date: October 04, 2017.

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