Horizon Bancorp Inc.’s recently made public that its Director AARON SUSAN D acquired Company’s shares for reported $8001.0 on May 26. In the deal valued at $9.38 per share,853 shares were bought. As a result of this transaction, AARON SUSAN D now holds 51,263 shares worth roughly $ 0.59 million.
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Then, Etzler Todd A. bought 1,100 shares, generating $10,285 in total proceeds. Upon buying the shares at $9.35, the Executive Vice President & GC now owns 17,143 shares.
Before that, Etzler Todd A. bought 666 shares. Horizon Bancorp Inc. shares valued at $9,870 were divested by the Executive Vice President & GC at a price of $14.82 per share. As a result of the transaction, Etzler Todd A. now holds 11,416 shares, worth roughly $0.13 million.
Raymond James downgraded its Horizon Bancorp Inc. [HBNC] rating to a Mkt perform from a an Outperform in a research note published on Friday.
Price Performance Review of HBNC
On Friday, Horizon Bancorp Inc. [NASDAQ:HBNC] saw its stock jump 2.32% to $11.45. On the same session, the stock had its day’s lowest price of $11.28, but rose to a high of $11.55. Over the last five days, the stock has gained 5.53%. Horizon Bancorp Inc. shares have fallen nearly -24.07% since the year began. Nevertheless, the stocks have fallen -39.48% over the past one year. While a 52-week high of $20.11 was reached on 02/03/23, a 52-week low of $7.69 was recorded on 05/11/23. SMA at 50 days reached $11.34, while 200 days put it at $12.51. A total of 99151.0 shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For HBNC Stock
The 24-hour chart illustrates a support level at 11.30, which if violated will result in even more drops to 11.16. On the upside, there is a resistance level at 11.57. A further resistance level may holdings at 11.70. The Relative Strength Index (RSI) on the 14-day chart is 50.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.18%. Stochastics %K at 38.70% indicates the stock is a holding.
How much short interest is there in Horizon Bancorp Inc.?
A steep rise in short interest was recorded in Horizon Bancorp Inc. stocks on Aug 14, 2023, dropping by 80000.0 shares to a total of 1.07 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.15 million shares. There was a decline of -7.48%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.51% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.17.
Horizon Bancorp Inc. [HBNC] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,115,390 shares, or roughly 9.33% of the outstanding HBNC shares. In other words, the investor’s shares have risen by 616,294 from its previous 13-F filing of 3499096.0. Additionally, The Vanguard Group, Inc. increased 3.03% of its stake after which the total value it holdings stand at $25,789,190, while Dimensional Fund Advisors LP reduced -17.78% of its stake to hold $24.96 million in the firm. Over the last quarter, PL Capital Advisors LLC sold -50,854 shares of Horizon Bancorp Inc., while SSgA Funds Management, Inc. sold 232,659 shares. At present, Manulife Investment Management is holding 1,127,149 shares valued at $13.97 million. Geode Capital Management LLC owned 843,686 shares of the company at the time of its most recent 13F filing, worth $10.45 million.
According to FactSet, Horizon Bancorp Inc.’s share price will average $13.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 25.11 percent from its previous closing price of $11.19. Analysts expect Horizon Bancorp Inc. stock to reach the higher price of $14.00, while the lowest price estimate is $13.50. However, 5 analysts have rated HBNC stock as an Overweight in their predictions for 2023.