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.