Horizon Bancorp (NASDAQ:HBNC) stock price target increased to $33.50, issued a report today by Piper Jaffray Cos.
- Updated: October 8, 2016
In a report released on 10/6/2016 Piper Jaffray Cos. bumped up the target of Horizon Bancorp (NASDAQ:HBNC) to $33.50 stating a potential upside of 0.15%.
Yesterday Horizon Bancorp (NASDAQ:HBNC) traded 0.03% higher at $29.02. The company’s 50-day moving average is $28.53 and its 200-day moving average is $26.07. The last stock close price is up 13.81% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 21,141 shares of Horizon Bancorp exchanged hands, down from an avg. volume of 40,452
Recent Performance Chart
Horizon Bancorp has PE ratio of 16.22 with a one year low of $21.92 and a one year high of $30.08 and has a market capitalization of $0.
A total of 5 brokerages have issued a ratings update on the stock. 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 2 firms rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $27.80.
Brief Synopsis On 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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