Eidelman Virant Capital Lowers stake in Horizon Bancorp (HBNC)

Horizon Bancorp (HBNC) : Eidelman Virant Capital reduced its stake in Horizon Bancorp by 0.03% during the most recent quarter end. The investment management company now holds a total of 148,623 shares of Horizon Bancorp which is valued at $4,134,692 after selling 50 shares in Horizon Bancorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Horizon Bancorp makes up approximately 2.28% of Eidelman Virant Capital’s portfolio.

Other Hedge Funds, Including , Teachers Advisors Inc boosted its stake in HBNC in the latest quarter, The investment management firm added 1,824 additional shares and now holds a total of 17,319 shares of Horizon Bancorp which is valued at $481,815.Thomson Horstmann Bryant Inc reduced its stake in HBNC by selling 51,730 shares or 67.86% in the most recent quarter. The Hedge Fund company now holds 24,501 shares of HBNC which is valued at $650,502. Horizon Bancorp makes up approx 0.08% of Thomson Horstmann Bryant Inc’s portfolio.

Horizon Bancorp closed down -0.03 points or -0.11% at $27.98 with 20,982 shares getting traded on Thursday. Post opening the session at $27.96, the shares hit an intraday low of $27.62 and an intraday high of $27.99 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.

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