Horizon Bancorp /in/ (HBNC) Files Form 4 Insider Selling : Thomas H Edwards Sells 2,000 Shares

Horizon Bancorp /in/ (HBNC): Thomas H Edwards , Executive Vice President of Horizon Bancorp /in/ sold 2,000 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were sold at $24.00 per share for a total value of $48,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, Thomas H Edwards (Executive Vice President) sold 2,000 shares at $24.00 per share price.On May 4, 2016, James D Neff (Executive Vice President) sold 1,674 shares at $24.67 per share price.Also, On May 3, 2016, Steven William Reed (director) purchased 2,211 shares at $24.40 per share price.On Apr 29, 2016, Mark E Secor (Executive Vice President, CFO) sold 3,000 shares at $24.39 per share price.

Shares of Horizon Bancorp (HBNC) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.3 points or -1.24% at $23.81 with 23,043 shares getting traded. Post opening the session at $24.04, the shares hit an intraday low of $23.75 and an intraday high of $24.04 and the price vacillated in this range throughout the day. The company has a market cap of $285,315 M and the number of outstanding shares has been calculated to be 11,98,30,00,000 shares. The 52-week high of Horizon Bancorp is $29.19 and the 52-week low is $20.5.

Horizon Bancorp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Horizon Bancorp is Upgraded by FIG Partners to Outperform. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued 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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