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How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
NASDAQ:HBNC

Horizon Bancorp (HBNC) Stock Price, News & Analysis

$11.75
-0.10 (-0.84%)
(As of 03/18/2024 ET)
Today's Range
$11.65
$12.09
50-Day Range
$11.75
$14.15
52-Week Range
$7.69
$14.71
Volume
185,203 shs
Average Volume
163,217 shs
Market Capitalization
$518.29 million
P/E Ratio
18.36
Dividend Yield
5.45%
Price Target
$13.00

Horizon Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
10.6% Upside
$13.00 Price Target
Short Interest
Bearish
1.83% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.61
Upright™ Environmental Score
News Sentiment
0.81mentions of Horizon Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.29%
From $1.33 to $1.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.34 out of 5 stars

Finance Sector

370th out of 882 stocks

State Commercial Banks Industry

84th out of 181 stocks

HBNC stock logo

About Horizon Bancorp Stock (NASDAQ:HBNC)

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers saving, money market, and time deposits, as well as non-interest and interest bearing demand deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; debit cards; treasury management; online and mobile banking; wealth, retirement, and estate and trust services; individual retirement accounts; and sells various insurance products. It operates through full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.

HBNC Stock Price History

HBNC Stock News Headlines

KBW Sticks to Their Hold Rating for Horizon Bancorp (HBNC)
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Horizon Bancorp Inc.
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Horizon Bancorp: All In All, A Positive Q4 2023
Horizon Bancorp: Q4 Earnings Insights
Horizon Bancorp: Dividend Insights
First Horizon CD rates of December 2023
See More Headlines
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Company Calendar

Ex-Dividend for 1/19 Dividend
1/04/2024
Dividend Payable
1/19/2024
Last Earnings
1/24/2024
Today
3/19/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:HBNC
CUSIP
44040710
Employees
852
Year Founded
1873

Price Target and Rating

Average Stock Price Target
$13.00
High Stock Price Target
$14.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+10.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$27.98 million
Pretax Margin
24.07%

Debt

Sales & Book Value

Annual Sales
$324.30 million
Cash Flow
$2.68 per share
Book Value
$15.42 per share

Miscellaneous

Free Float
42,786,000
Market Cap
$518.29 million
Optionable
Optionable
Beta
1.01

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HBNC Stock Analysis - Frequently Asked Questions

Should I buy or sell Horizon Bancorp stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" HBNC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HBNC, but not buy additional shares or sell existing shares.
View HBNC analyst ratings
or view top-rated stocks.

What is Horizon Bancorp's stock price target for 2024?

3 brokerages have issued 1-year target prices for Horizon Bancorp's shares. Their HBNC share price targets range from $12.00 to $14.00. On average, they expect the company's share price to reach $13.00 in the next year. This suggests a possible upside of 10.6% from the stock's current price.
View analysts price targets for HBNC
or view top-rated stocks among Wall Street analysts.

How have HBNC shares performed in 2024?

Horizon Bancorp's stock was trading at $14.31 at the start of the year. Since then, HBNC stock has decreased by 17.9% and is now trading at $11.75.
View the best growth stocks for 2024 here
.

When is Horizon Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our HBNC earnings forecast
.

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp, Inc. (NASDAQ:HBNC) issued its earnings results on Wednesday, January, 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. The financial services provider had revenue of $21.81 million for the quarter, compared to analysts' expectations of $51.50 million. Horizon Bancorp had a trailing twelve-month return on equity of 9.48% and a net margin of 8.63%.

How often does Horizon Bancorp pay dividends? What is the dividend yield for Horizon Bancorp?

Horizon Bancorp declared a quarterly dividend on Tuesday, December 19th. Investors of record on Friday, January 5th will be given a dividend of $0.16 per share on Friday, January 19th. This represents a $0.64 annualized dividend and a dividend yield of 5.45%. The ex-dividend date is Thursday, January 4th.
Read our dividend analysis for HBNC
.

Is Horizon Bancorp a good dividend stock?

Horizon Bancorp (NASDAQ:HBNC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 5.40%. HBNC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HBNC will have a dividend payout ratio of 42.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBNC.

What ETF holds Horizon Bancorp's stock?

ProShares Russell 2000 Dividend Growers ETF holds 768,789 shares of HBNC stock, representing 1.10% of its portfolio.

When did Horizon Bancorp's stock split?

Shares of Horizon Bancorp split on the morning of Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly created shares were payable to shareholders after the closing bell on Friday, June 15th 2018. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

What is Craig M. Dwight's approval rating as Horizon Bancorp's CEO?

23 employees have rated Horizon Bancorp Chief Executive Officer Craig M. Dwight on Glassdoor.com. Craig M. Dwight has an approval rating of 86% among the company's employees. 76.0% of employees surveyed would recommend working at Horizon Bancorp to a friend.

What other stocks do shareholders of Horizon Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Horizon Bancorp investors own include Altria Group (MO), AT&T (T), AllianceBernstein (AB), ONEOK (OKE), AbbVie (ABBV), Enbridge (ENB), Enterprise Products Partners (EPD), Energy Transfer (ET), Huntington Bancshares (HBAN) and International Paper (IP).

Who are Horizon Bancorp's major shareholders?

Horizon Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.08%), Vanguard Group Inc. (5.08%), Sapient Capital LLC (4.72%), Dimensional Fund Advisors LP (4.43%), Sapient Capital LLC (4.20%) and PL Capital Advisors LLC (3.45%). Insiders that own company stock include Craig M Dwight, James D Neff, Kathie A Deruiter, Susan D Aaron and Todd A Etzler.
View institutional ownership trends
.

How do I buy shares of Horizon Bancorp?

Shares of HBNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HBNC) was last updated on 3/19/2024 by MarketBeat.com Staff

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