HBNC HORIZON BANCORP INC /IN/ Insider Trading

Director Walker buys 1,306 shares of HBNC at $18.36; holdings jump to 6,830 shares as company posts $-222.0M net loss

Director Brian C. Walker purchased 1,306 shares at $18.36, increasing his holdings by 23.6% to 6,830 shares total. This acquisition occurred while the company reported a full fiscal year net income of $-221,990,000.00, indicating sustained unprofitability. The purchase price of $18.36 is just below the 52-week high of $18.68 and stands 2.4% above the 90-day average, occurring during a period when the stock has appreciated 9.5% over the prior 30 days. An insider purchase during a negative earnings year, combined with accumulation at near-peak prices within the annual range, merits monitoring for how it correlates with underlying business recovery expectations versus operational challenges.

Director MAGNESEN LARRY S buys 4,000 shares of HBNC at $16.41; holdings increase 122.6% to 7,262 shares

Director MAGNESEN LARRY S purchased 4,000 shares at $16.41 on 2025-11-24, increasing his holdings by 122.6% from 3,262 to 7,262 shares. The transaction totaled $65,640.00. While the purchase represents a material addition to his position, context requires caution: the company reported net income of $-221,990,000.00 (a substantial net loss), and the current stock price of $17.06 stands -8.2% from the 52-week high of $18.59. The P/E ratio of 21.06 is derived from negative earnings, which is typically an unreliable valuation metric and signals fundamental challenges.

Director Ahern buys 6,896 shares of HBNC at $14.50; holdings +69.0% to 16.9K. Cluster: 4 other insiders bought in past 14 days.

Kevin Ahern, a director of Horizon Bancorp, purchased 6,896 shares at $14.50, increasing his holdings by 69.0% from 10,000 to 16.9K shares. This transaction aligns with a broader cluster pattern—4 other insiders also bought within the past 14 days—suggesting coordinated appetite among the leadership team. The purchase occurred at a price 7.4% below the current market price of $15.66 and 16.5% below the 52-week high of $18.76, indicating acquisition at a more favorable entry point. With a P/E of 13.27 and a market cap of $690.6M, the company shows modest valuation metrics that may have attracted multiple insiders' attention simultaneously.

Director Eric P. Blackhurst buys 1,724 shares of HBNC at $14.50; 4 other insiders also bought within 14 days (cluster pattern)

Director Eric P. Blackhurst purchased 1,724 shares at $14.50 on 2025-08-22, increasing his holdings from 24,574 shares to 26,298 shares. This purchase occurs as part of a broader insider cluster pattern, with 4 other insiders also buying within the past 14 days—a notable alignment of insider acquisition activity. The buy price of $14.50 is currently trading at $15.66, representing upside from the transaction date, while the stock remains 16.5% below its 52-week high of $18.76. For a company with a P/E of 13.27 and net income of $20,644,000.00, the convergence of multiple insider purchases within a two-week window merits investor attention as a potential signal of insider perspective on valuation.

Director Samuels purchases 1,724 shares of HBNC at $14.50; 4 other insiders bought within 14 days.

Michele Annette Samuels, a Director, purchased 1,724 shares at $14.50, increasing her holdings by 52.9% from 3,262 to 4,986 shares and investing $24,998.00. This purchase occurs as part of a broader cluster pattern: 4 other insiders also bought within the past 14 days, suggesting coordinated or independently motivated acquisition at similar price levels. The stock is currently trading at $15.66, -16.5% from its 52-week high of $18.76, positioning this purchase near a 52-week low of $12.92. With Horizon Bancorp posting $20.6M in net income and trading at a P/E of 13.27, the multiple-insider activity points to potential management assessment of value relative to fundamentals, though the cluster pattern alone warrants examination into whether this reflects shared conviction or independent execution.

CFO John R Stewart bought 1,724 shares of HBNC at $14.50; 4 other insiders bought within 14 days—cluster pattern

Stewart John R, the Chief Financial Officer, purchased 1,724 shares at $14.50 on 2025-08-22, increasing his holdings from 78,021 to 79,745 shares. This open-market buy occurs within a broader cluster: 4 other insiders also purchased within the past 14 days, indicating coordinated insider activity at the same company. The stock is trading at $15.66, which is -16.5% from its 52-week high of $18.76, suggesting the purchase occurred amid a recent downturn from peak valuation. With a P/E of 13.27 and modest recent price recovery (+4.2% over 90 days), the cluster buy pattern warrants investor attention as a potential indicator of insider perspective on near-term valuation.

CEO Thomas M Prame bought 1,034 (1.0K shares) at $14.50; 4 other insiders bought within 14 days

Prame Thomas M, Chief Executive Officer, purchased 1,034 shares at $14.50 on 2025-08-22, increasing his holdings to 47,521 shares. This transaction occurred as part of a cluster buy pattern, with 4 other insiders also purchasing shares within the past 14 days, suggesting coordinated insider accumulation. The stock is currently trading at $15.66, down 16.5% from its 52-week high of $18.76, placing the purchase near the lower end of the annual trading range. The company maintains a reasonable valuation with a P/E of 13.27 and market cap of $690,572,973.06, with net income of $20,644,000.00.