Horizon Bancorp /in/ (HBNC) Files Form 4 Insider Selling : Thomas H Edwards Sells 10,000 Shares

Horizon Bancorp /in/ (HBNC): Thomas H Edwards , Executive Vice President of Horizon Bancorp /in/ sold 10,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $24.73 per share for a total value of $247,300.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Craig M Dwight (Chief Executive Officer) sold 10,000 shares at $24.67 per share price.On May 20, 2016, Thomas H Edwards (Executive Vice President) sold 2,000 shares at $24.00 per share price.Also, On May 4, 2016, James D Neff (Executive Vice President) sold 1,674 shares at $24.67 per share price.On May 3, 2016, Steven William Reed (director) purchased 2,211 shares at $24.40 per share price.

Horizon Bancorp: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Horizon Bancorp which led to swings in the share price. The shares opened for trading at $24.6 and hit $24.88 on the upside , eventually ending the session at $24.85, with a gain of 0.61% or 0.15 points. The heightened volatility saw the trading volume jump to 68,481 shares. The 52-week high of the share price is $29.19 and the company has a market cap of $298 M . The 52-week low of the share price is at $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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