Research analysts at Raymond James hoisted their price objective on shares of Horizon Bancorp (Indiana) (NASDAQ:HBNC) from $22.00 to $24.00 in a report released on Monday, Analyst Ratings Network reports. Raymond James’ price target would suggest a potential downside of 1.42% from the stock’s previous close.
Shares of Horizon Bancorp (NASDAQ: HBNC) traded up 2.73% during mid-day trading on Monday, hitting $24.43. Horizon Bancorp has a one year low of $16.35 and a one year high of $23.89. The stock’s 50-day moving average is currently $20.63. The company has a market cap of $210.5 million and a P/E ratio of 10.34.
A number of other firms have also recently commented on HBNC. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Horizon Bancorp (Indiana) from $21.00 to $22.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Analysts at Sandler O’Neill downgraded shares of Horizon Bancorp (Indiana) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, July 10th.
Horizon Bancorp (NASDAQ: HBNC) is a bank holding company.