Horizon Bancorp (NASDAQ:HBNC) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: March 20, 2017
Having a price of $26.01, Horizon Bancorp (NASDAQ:HBNC) traded -2.11% lower on the day. With the last close down -4.19% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. HBNC has recorded a 50-day average of $26.01 and a two hundred day average of $27.15. Trade Volume was down over the average, with 33,457 shares of HBNC changing hands under the typical 61,680
Zacks Investment Research has upgraded Horizon Bancorp (NASDAQ:HBNC) to Hold in a statement released on 3/20/2017.
Recent Performance Chart
Horizon Bancorp has PE ratio of 21.86 with a one year low of $15.83 and a one year high of $28.63 and has a market capitalization of $0.
A total of 5 analysts have released a report on Horizon Bancorp. One analyst rating the company a strong buy, two analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $27.80.
General Company Details For Horizon Bancorp (NASDAQ:HBNC)
Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northwestern and Central Indiana and Southwestern Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank), and other affiliated entities and Horizon Risk Management, Inc. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company. The Bank's loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. The Bank's investment securities include both securities available for sale and held to maturity. Its deposits include noninterest-bearing demand deposits, interest-bearing demand deposits, savings deposits, money market deposits and time deposits. The Bank maintains approximately 54 full service offices.
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