Stock News Summary: Horizon Bancorp, Inc. (NASDAQ GS: HBNC)

Horizon Bancorp, Inc. (NASDAQ GS: HBNC) spotted trading -26.89% off 52-week high price. On the other end, the stock has been noted 8.65% away from the low price over the last 52-weeks. The stock changed 1.01% to recent value of $16.07. The stock transacted 55011 shares during most recent day however it has an average volume of 76.84K shares. The company has 45.05M of outstanding shares and 38.68M shares were floated in the market.  

On June 19, 2019, Horizon Bancorp, Inc. (NASDAQ GS: HBNC) announced that its Board of Directors has approved an increase in its quarterly dividend from 10 cents to 12 cents per share. This represents a 20.0% increase and a dividend yield of 3.02% based on the price per share of $15.91 as of the close of business on June 18, 2019. The dividend will be paid on July 19, 2019 to shareholders of record on July 5, 2019.

About Horizon

Horizon Bancorp, Inc. is an independent, commercial bank holding company serving northern and central Indiana, and southern, central and the Great Lakes Bay regions of Michigan through its commercial banking subsidiary Horizon Bank. Horizon also offers mortgage-banking services throughout the Midwest. Horizon may be reached online at  Its common stock is traded on the NASDAQ Global Select Market under the symbol HBNC.

 Its earnings per share (EPS) expected to touch remained 34.90% for this year . HBNC has an operating margin of 77.10% while its profit margin remained 29.70% for the last 12 months. 

 The price moved ahead of 1.23% from the mean of 20 days, -0.76% from mean of 50 days SMA and performed -5.73% from mean of 200 days price. Company‚Äôs performance for the week was 1.64%, -2.67% for month and YTD performance remained 1.84%.

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