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NASDAQ:HBNC

Horizon Bancorp (HBNC) Stock Price, News & Analysis

$12.89
+0.17 (+1.34%)
(As of 12:19 PM ET)
Today's Range
$12.63
$12.93
50-Day Range
$11.75
$14.15
52-Week Range
$7.69
$14.71
Volume
26,194 shs
Average Volume
158,595 shs
Market Capitalization
$568.58 million
P/E Ratio
20.14
Dividend Yield
4.97%
Price Target
$13.00

Horizon Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
0.7% Upside
$13.00 Price Target
Short Interest
Bearish
1.84% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.61
Upright™ Environmental Score
News Sentiment
1.35mentions of Horizon Bancorp in the last 14 days
Based on 3 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.

4.19 out of 5 stars

Finance Sector

291st out of 858 stocks

State Commercial Banks Industry

60th 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

The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
KBW Sticks to Their Hold Rating for Horizon Bancorp (HBNC)
Horizon Bank Appoints David Pendley President of Mortgage Banking
Horizon Bancorp Inc.
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
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
3/28/2024
Ex-Dividend for 4/19 Dividend
4/04/2024
Dividend Payable
4/19/2024
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
+2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$27.98 million
Pretax Margin
12.02%

Debt

Sales & Book Value

Annual Sales
$324.30 million
Cash Flow
$2.08 per share
Book Value
$16.29 per share

Miscellaneous

Free Float
42,880,000
Market Cap
$561.08 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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 equities research analysts have issued twelve-month price objectives for Horizon Bancorp's stock. Their HBNC share price targets range from $12.00 to $14.00. On average, they anticipate the company's share price to reach $13.00 in the next year. This suggests a possible upside of 0.7% 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 shares have decreased by 9.8% and is now trading at $12.91.
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) released 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 earned $21.81 million during the quarter, compared to analyst estimates of $51.50 million. Horizon Bancorp had a trailing twelve-month return on equity of 9.42% and a net margin of 8.63%.

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

Horizon Bancorp announced a quarterly dividend on Tuesday, March 19th. Shareholders of record on Friday, April 5th will be given a dividend of $0.16 per share on Friday, April 19th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend is Thursday, April 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 5.28%. 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?

Horizon Bancorp's stock split on the morning of Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly minted shares were payable to shareholders after the market closes 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 retail and institutional investors. Top institutional shareholders 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 3/28/2024 by MarketBeat.com Staff

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