In a report released yesterday, Terry McEvoy from Stephens maintained a Buy rating on Horizon Bancorp (HBNC), with a price target of $20. The company’s shares closed yesterday at $15.83, close to its 52-week low of $15.74.
According to TipRanks.com, McEvoy is a 4-star analyst with an average return of 5.2% and a 54.9% success rate. McEvoy covers the Financial sector, focusing on stocks such as Chemical Financial Corp, First Financial Bancorp, and Wintrust Financial Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Horizon Bancorp with a $21.63 average price target.
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The company has a one-year high of $22.13 and a one-year low of $15.74. Currently, Horizon Bancorp has an average volume of 75.36K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HBNC in relation to earlier this year.
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Horizon Bancorp is a bank holding company, which through its subsidiary, engages in the provision of commercial and retail banking services. It offers personal banking, business banking, investment and trust, and mortgage services. The company was founded on April 26, 1983 and is headquartered in Michigan City, IN.
