Dimensional Fund Advisors Lp Increased Horizon Bancorp Inc (NASDAQ:HBNC) Stake by $11.16 Million

August 12, 2018 - By Vernon Prom

Horizon Bancorp, Inc. (NASDAQ:HBNC) LogoInvestors sentiment decreased to 1.29 in 2018 Q1. Its down 0.54, from 1.83 in 2017Q4. It dived, as 9 investors sold HBNC shares while 25 reduced holdings. 9 funds opened positions while 35 raised stakes. 12.89 million shares or 5.93% more from 12.17 million shares in 2017Q4 were reported. Earnest Prns Limited Liability holds 1,950 shares. Amica Pension Fund Board Of Trustees accumulated 86,886 shares. Parametric Portfolio Assoc Ltd Limited Liability Company holds 17,542 shares or 0% of its portfolio. Sabal Tru Communications holds 0.05% or 16,771 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 2,028 shares. Lpl Financial Ltd invested 0% in Horizon Bancorp, Inc. (NASDAQ:HBNC). Barclays Public Limited Co invested 0% in Horizon Bancorp, Inc. (NASDAQ:HBNC). Eidelman Virant Capital, a Missouri-based fund reported 2,700 shares. 9,150 were reported by Us Retail Bank De. Moreover, 1St Source National Bank has 0.13% invested in Horizon Bancorp, Inc. (NASDAQ:HBNC) for 53,647 shares. 471,288 are owned by State Street. Sei Investments has 0% invested in Horizon Bancorp, Inc. (NASDAQ:HBNC) for 13,680 shares. Pnc Financial Services, Pennsylvania-based fund reported 1,135 shares. Principal reported 9,795 shares stake. Minerva Ltd Liability Com invested in 0.47% or 29,816 shares.

Since February 21, 2018, it had 1 insider buy, and 5 sales for $797,633 activity. Blackhurst Eric P. had bought 1,630 shares worth $50,041 on Friday, May 18. On Wednesday, June 6 NEFF JAMES D sold $192,705 worth of Horizon Bancorp, Inc. (NASDAQ:HBNC) or 5,913 shares. 7,500 Horizon Bancorp, Inc. (NASDAQ:HBNC) shares with value of $225,000 were sold by Kuhn Dennis. 652 shares were sold by DeRuiter Kathie A, worth $19,586 on Friday, May 11.

Dimensional Fund Advisors Lp increased its stake in Horizon Bancorp Inc (NASDAQ:HBNC) by 61.87% based on its latest 2018Q2 regulatory filing with the SEC. Dimensional Fund Advisors Lp bought 557,868 shares as the company’s stock rose 5.34% while stock markets declined. The institutional investor held 1.46 million shares of the major banks company at the end of 2018Q2, valued at $30.20M, up from 901,624 at the end of the previous reported quarter. Dimensional Fund Advisors Lp who had been investing in Horizon Bancorp Inc for a number of months, seems to be bullish on the $800.63 million market cap company. The stock decreased 0.10% or $0.02 during the last trading session, reaching $20.87. About 29,399 shares traded. Horizon Bancorp, Inc. (NASDAQ:HBNC) has risen 23.26% since August 13, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

Dimensional Fund Advisors Lp, which manages about $250.84B US Long portfolio, decreased its stake in Owens Corning New (NYSE:OC) by 247,949 shares to 2.99 million shares, valued at $189.53M in 2018Q2, according to the filing. It also reduced its holding in Urban Outfitters Inc (NASDAQ:URBN) by 1.11 million shares in the quarter, leaving it with 3.46 million shares, and cut its stake in Stifel Finl Corp (NYSE:SF).

Dimensional Fund Advisors Lp is a Texas-based institutional investor with more than $347.00 billion AUM in November, 2014. This fund invests only a small percentage of its assets in equities and options. Dimensional Fund Advisors Lp is the 9th largest institutional investor in our database. Taken from Dimensional Fund Advisors latest Adv, the fund reported to have 488 full and part-time employees. Among which 99 performing investment advisory and research functions. The institutional investor had more than 400 clients.

Horizon Bancorp operates as the bank holding firm for Horizon Bank that provides commercial and retail banking services. The company has market cap of $800.63 million. The firm offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. It has a 18.12 P/E ratio. The Company’s loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; and real estate, mortgage warehouse, and consumer loans.

More news for Horizon Bancorp, Inc. (NASDAQ:HBNC) were recently published by: Nasdaq.com, which released: “Horizon Bancorp, Inc. Announces Record Quarterly and Year-to-Date Earnings” on July 25, 2018. Seekingalpha.com‘s article titled: “Horizon Bancorp (HBNC) Presents At Keefe, Bruyette, & Woods Nineteenth Annual Community Bank Investor …” and published on July 31, 2018 is yet another important article.

Horizon Bancorp, Inc. (NASDAQ:HBNC) Institutional Positions Chart

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