Raymond James Sticks to Their Buy Rating for Horizon Bancorp (HBNC)

In a report issued on July 29, David Long from Raymond James maintained a Buy rating on Horizon Bancorp (HBNCResearch Report). The company’s shares closed last Wednesday at $10.47.

According to TipRanks.com, Long has 0 stars on 0-5 stars ranking scale with an average return of -10.3% and a 24.0% success rate. Long covers the Financial sector, focusing on stocks such as Enterprise Financial Services, Pinnacle Financial Partners, and German American Bancorp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Horizon Bancorp with a $13.50 average price target, representing a 31.6% upside. In a report issued on July 30, Stephens also maintained a Buy rating on the stock with a $13.00 price target.

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The company has a one-year high of $19.48 and a one-year low of $7.42. Currently, Horizon Bancorp has an average volume of 187.2K.

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Horizon Bancorp, Inc. 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 in 1873 and is headquartered in Michigan City, IN.