Jennison Associates LLC Has $26.61 Million Stock Holdings in Horizon Bancorp (IN) $HBNC

Posted by Francis Steltz on Jul 21st, 2026

Jennison Associates LLC increased its stake in shares of Horizon Bancorp (IN) (NASDAQ:HBNC – Free Report) by 29.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,605,798 shares of the financial services provider’s stock after purchasing an additional 363,433 shares during the period. Jennison Associates LLC’s holdings in Horizon Bancorp (IN) were worth $26,608,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HBNC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Horizon Bancorp (IN) by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,722 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 1,057 shares in the last quarter. Empowered Funds LLC raised its holdings in Horizon Bancorp (IN) by 28.5% in the first quarter. Empowered Funds LLC now owns 150,435 shares of the financial services provider’s stock worth $2,269,000 after purchasing an additional 33,355 shares during the period. Jane Street Group LLC bought a new position in shares of Horizon Bancorp (IN) during the first quarter worth $1,231,000. Rhumbline Advisers boosted its position in shares of Horizon Bancorp (IN) by 3.2% during the second quarter. Rhumbline Advisers now owns 68,401 shares of the financial services provider’s stock worth $1,052,000 after purchasing an additional 2,093 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Horizon Bancorp (IN) in the 2nd quarter valued at $816,000. Institutional investors and hedge funds own 64.51% of the company’s stock.

Horizon Bancorp (IN) Stock Down 0.4%

HBNC stock opened at $20.21 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market capitalization of $1.04 billion, a P/E ratio of -6.36 and a beta of 0.82. Horizon Bancorp has a fifty-two week low of $14.84 and a fifty-two week high of $20.66. The business has a 50-day moving average of $19.16 and a 200-day moving average of $17.97.

Horizon Bancorp (IN) (NASDAQ:HBNC – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $73.48 million for the quarter, compared to analyst estimates of $76.11 million. Horizon Bancorp (IN) had a positive return on equity of 12.41% and a negative net margin of 37.28%. On average, sell-side analysts anticipate that Horizon Bancorp will post 2.09 earnings per share for the current fiscal year.

Horizon Bancorp (IN) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 3rd were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Horizon Bancorp (IN)’s dividend payout ratio (DPR) is currently -20.13%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Stephens restated an “overweight” rating and issued a $21.00 price objective on shares of Horizon Bancorp (IN) in a research report on Wednesday, July 1st. Piper Sandler reiterated a “neutral” rating and set a $21.00 target price (down from $22.00) on shares of Horizon Bancorp (IN) in a report on Monday, April 27th. Zacks Research raised Horizon Bancorp (IN) from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings upgraded Horizon Bancorp (IN) from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Finally, Wall Street Zen lowered Horizon Bancorp (IN) from a “buy” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Horizon Bancorp (IN) currently has an average rating of “Hold” and a consensus price target of $21.00.

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Horizon Bancorp (IN) Profile

(Free Report)

Horizon Bancorp (NASDAQ: HBNC) is a financial holding company headquartered in Columbus, Indiana, offering community banking and wealth management services through its subsidiary, Horizon Bank. As a locally focused institution, it provides a full range of retail and commercial banking products, including checking and savings accounts, consumer and mortgage lending, commercial real estate financing, and treasury management solutions.

In addition to traditional deposit and loan products, Horizon Bancorp’s services encompass investment advisory and trust administration, retirement planning, and insurance products.