Horizon Bancorp (IN) (HBNC) to Release Earnings on Wednesday

Horizon Bancorp (IN) (NASDAQ:HBNC) is projected to announce its Q2 2025 earnings results after the market closes on Wednesday, July 23rd. Analysts expect Horizon Bancorp (IN) to post earnings of $0.44 per share and revenue of $66.45 million for the quarter.

Horizon Bancorp (IN) (NASDAQ:HBNC) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. The firm had revenue of $69.17 million for the quarter, compared to analysts’ expectations of $64.52 million. Horizon Bancorp (IN) had a return on equity of 9.56% and a net margin of 12.27%. On average, analysts expect Horizon Bancorp (IN) to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Horizon Bancorp (IN) Stock Performance

HBNC stock opened at $15.42 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $678.63 million, a price-to-earnings ratio of 15.12 and a beta of 0.84. Horizon Bancorp has a 1 year low of $12.70 and a 1 year high of $19.18. The stock’s fifty day moving average is $15.28 and its two-hundred day moving average is $15.47.

Horizon Bancorp (IN) Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, July 3rd. Horizon Bancorp (IN)’s dividend payout ratio (DPR) is 62.75%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HBNC. Wall Street Zen lowered Horizon Bancorp (IN) from a “buy” rating to a “hold” rating in a report on Friday, June 6th. Keefe, Bruyette & Woods decreased their price objective on Horizon Bancorp (IN) from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. Finally, Piper Sandler reduced their price target on Horizon Bancorp (IN) from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, April 28th.

Institutional Trading of Horizon Bancorp (IN)

A number of institutional investors and hedge funds have recently modified their holdings of HBNC. Empowered Funds LLC boosted its stake in Horizon Bancorp (IN) by 28.5% in the first quarter. Empowered Funds LLC now owns 150,435 shares of the financial services provider’s stock worth $2,269,000 after purchasing an additional 33,355 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Horizon Bancorp (IN) in the first quarter worth about $1,231,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Horizon Bancorp (IN) by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,722 shares of the financial services provider’s stock worth $388,000 after buying an additional 1,057 shares during the period. 64.51% of the stock is currently owned by institutional investors.

Horizon Bancorp (IN) Company Profile

Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits.