Eidelman Virant Capital Lowers stake in Horizon Bancorp (HBNC)

Horizon Bancorp (HBNC) : Eidelman Virant Capital reduced its stake in Horizon Bancorp by 3.1% during the most recent quarter end. The investment management company now holds a total of 148,673 shares of Horizon Bancorp which is valued at $3.6 Million after selling 4,750 shares in Horizon Bancorp , the firm said in a disclosure report filed with the SEC on May 11, 2016.Horizon Bancorp makes up approximately 2.53% of Eidelman Virant Capital’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. reduced its stake in HBNC by selling 8,400 shares or 49.54% in the most recent quarter. The Hedge Fund company now holds 8,557 shares of HBNC which is valued at $205,026.Blackrock Investment Management boosted its stake in HBNC in the latest quarter, The investment management firm added 1,080 additional shares and now holds a total of 44,137 shares of Horizon Bancorp which is valued at $1.1 Million.First Trust Advisors Lp reduced its stake in HBNC by selling 3,146 shares or 16.24% in the most recent quarter. The Hedge Fund company now holds 16,225 shares of HBNC which is valued at $388,751.Amica Retiree Medical Trust boosted its stake in HBNC in the latest quarter, The investment management firm added 4,367 additional shares and now holds a total of 4,935 shares of Horizon Bancorp which is valued at $119,970. Horizon Bancorp makes up approx 0.10% of Amica Retiree Medical Trust’s portfolio.

Horizon Bancorp opened for trading at $24.07 and hit $24.27 on the upside on Monday, eventually ending the session at $24.01, with a gain of 0.21% or 0.05 points. The heightened volatility saw the trading volume jump to 13,580 shares. Company has a market cap of $288 M.

Many Wall Street Analysts have commented on Horizon Bancorp. Horizon Bancorp was Upgraded by FIG Partners to ” Outperform” on Mar 14, 2016.

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.

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