Horizon Bancorp (IN) (NASDAQ:HBNC) Reaches New 12-Month High on Better-Than-Expected Earnings

Shares of Horizon Bancorp (IN) (NASDAQ:HBNC) hit a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $18.88 and last traded at $18.60, with a volume of 154316 shares trading hands. The stock had previously closed at $18.24.

The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. The company had revenue of $64.53 million during the quarter, compared to analysts’ expectations of $74.35 million. Horizon Bancorp (IN) had a negative net margin of 37.12% and a positive return on equity of 11.56%.

Horizon Bancorp (IN) Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.4%. Horizon Bancorp (IN)’s payout ratio is presently -16.28%.

Key Headlines Impacting Horizon Bancorp (IN)

Here are the key news stories impacting Horizon Bancorp (IN) this week:

• Positive Sentiment: Q4 EPS beat — Horizon reported $0.53 EPS vs. the ~$0.50 consensus, signaling a profit rebound from a year ago; that beat is a primary driver for the stock strength. Q4 2025 Earnings Call Transcript
• Positive Sentiment: Management/slide presentation emphasizes peer-leading performance metrics and improved return on equity (~10–12%), which supports a constructive outlook on core profitability. Q4 Results – Earnings Call Presentation
• Positive Sentiment: Coverage headlines emphasize a “strong fourth-quarter profit rebound,” reinforcing positive sentiment among investors and momentum in sentiment-driven flows. TipRanks: Profit Rebound
• Neutral Sentiment: Company released its press release and slide deck (transcripts and materials available) — useful for investors digging into loan/deposit trends, NII, provision/expense detail and management commentary. Press Release / Slide Deck
• Neutral Sentiment: Local/market write-ups provide snapshots and context (peer comparisons, metric highlights) but add little new financial detail beyond the company materials. Q4 Earnings Snapshot
• Negative Sentiment: Revenue miss — reported revenue was ~$64.5M versus a roughly $74.4M consensus, which tempers the EPS beat and raises questions about top-line momentum. Zacks: Beats EPS, Revenue Miss
• Negative Sentiment: Reported negative net margin (wide) and variability in reported profitability metrics suggest higher provisions or one-time items impacted margins; investors will watch upcoming quarters for sustainable margin recovery. Zacks: Key Metrics vs Estimates

Analysts Set New Price Targets

HBNC has been the topic of several research reports. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Horizon Bancorp (IN) in a report on Tuesday, December 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Horizon Bancorp (IN) in a research note on Monday, December 29th. Finally, Zacks Research lowered Horizon Bancorp (IN) from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.67.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HBNC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 purchasing an additional 1,057 shares during the period. Empowered Funds LLC grew its position in shares of Horizon Bancorp (IN) by 28.5% during the 1st quarter. Empowered Funds LLC now owns 150,435 shares of the financial services provider’s stock valued at $2,269,000 after buying an additional 33,355 shares during the last quarter. Jane Street Group LLC acquired a new stake in Horizon Bancorp (IN) during the first quarter worth about $1,231,000. Inspire Investing LLC raised its stake in Horizon Bancorp (IN) by 11.6% during the second quarter. Inspire Investing LLC now owns 25,328 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 2,635 shares during the period. Finally, Harbour Trust & Investment Management Co lifted its holdings in Horizon Bancorp (IN) by 4.5% in the second quarter. Harbour Trust & Investment Management Co now owns 328,569 shares of the financial services provider’s stock worth $5,053,000 after acquiring an additional 14,134 shares during the last quarter. Institutional investors and hedge funds own 64.51% of the company’s stock.

Horizon Bancorp (IN) Stock Performance

The company has a market capitalization of $954.23 million, a price-to-earnings ratio of -5.91 and a beta of 0.82. The stock has a 50 day simple moving average of $17.28 and a 200 day simple moving average of $16.42. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.32.

About Horizon Bancorp (IN)

Horizon Bancorp (NASDAQ: HBNC) is a financial holding company headquartered in Columbus, Indiana, offering community banking and wealth management services through its subsidiary, Horizon Bank. As a locally focused institution, it provides a full range of retail and commercial banking products, including checking and savings accounts, consumer and mortgage lending, commercial real estate financing, and treasury management solutions.

In addition to traditional deposit and loan products, Horizon Bancorp’s services encompass investment advisory and trust administration, retirement planning, and insurance products.