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.