Tradition Capital Management Lowers stake in Horizon Bancorp (HBNC)

Horizon Bancorp (HBNC) : Tradition Capital Management reduced its stake in Horizon Bancorp by 2.11% during the most recent quarter end. The investment management company now holds a total of 78,249 shares of Horizon Bancorp which is valued at $2,112,723 after selling 1,685 shares in Horizon Bancorp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Horizon Bancorp makes up approximately 0.69% of Tradition Capital Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in HBNC by selling 624 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 23,543 shares of HBNC which is valued at $635,661.1st Source Bank reduced its stake in HBNC by selling 27,405 shares or 12.65% in the most recent quarter. The Hedge Fund company now holds 189,199 shares of HBNC which is valued at $5,206,756. Horizon Bancorp makes up approx 0.57% of 1st Source Bank’s portfolio. Kessler Investment Group sold out all of its stake in HBNC during the most recent quarter. The investment firm sold 8,695 shares of HBNC which is valued $237,287. Bnp Paribas Arbitrage Sa added HBNC to its portfolio by purchasing 442 company shares during the most recent quarter which is valued at $11,377.

Horizon Bancorp closed down -0.24 points or -0.89% at $26.76 with 19,725 shares getting traded on Thursday. Post opening the session at $27.11, the shares hit an intraday low of $26.74 and an intraday high of $27.11 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. As of December 31 2014 the Bank had total assets of $2.08 billion and total deposits of $1.48 billion. The Bank’s investment securities totaled $489.5 million as of December 31 2014 and included Treasury and federal agency securities state and municipal securities federal agency mortgage-backed pools federal agency collateralized mortgage obligations private label mortgage-backed pools and corporate securities.

Leave a Reply

Horizon Bancorp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Horizon Bancorp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.