Hefty Wealth Partners Lowers stake in Horizon Bancorp (HBNC)

Horizon Bancorp (HBNC) : Hefty Wealth Partners reduced its stake in Horizon Bancorp by 0.78% during the most recent quarter end. The investment management company now holds a total of 27,737 shares of Horizon Bancorp which is valued at $804,928 after selling 219 shares in Horizon Bancorp , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Horizon Bancorp makes up approximately 0.61% of Hefty Wealth Partners’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in HBNC in the latest quarter, The investment management firm added 457 additional shares and now holds a total of 920 shares of Horizon Bancorp which is valued at $26,698.

Horizon Bancorp opened for trading at $29.07 and hit $29.31 on the upside on Tuesday, eventually ending the session at $28.89, with a gain of 0.14% or 0.04 points. The heightened volatility saw the trading volume jump to 55,710 shares. Company has a market cap of $427 M.

Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northwestern and Central Indiana and Southwestern Michigan through its bank subsidiary Horizon Bank N.A. (the Bank) and other affiliated entities and Horizon Risk Management Inc. The Bank is a full-service commercial bank offering commercial and retail banking services corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management Inc. is a captive insurance company. As of December 31 2014 the Bank had total assets of $2.08 billion and total deposits of $1.48 billion. The Bank’s investment securities totaled $489.5 million as of December 31 2014 and included Treasury and federal agency securities state and municipal securities federal agency mortgage-backed pools federal agency collateralized mortgage obligations private label mortgage-backed pools and corporate securities.

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