Keefe, Bruyette & Woods Issues Positive Forecast for Horizon Bancorp (IN) (NASDAQ:HBNC) Stock Price

Horizon Bancorp (IN) (NASDAQ:HBNC) had its target price increased by Keefe, Bruyette & Woods from $19.00 to $21.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of Horizon Bancorp (IN) in a report on Monday, December 29th. Zacks Research lowered shares of Horizon Bancorp (IN) from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Horizon Bancorp (IN) currently has a consensus rating of “Hold” and a consensus price target of $20.33.

Horizon Bancorp (IN) Stock Performance

NASDAQ:HBNC opened at $17.60 on Friday. Horizon Bancorp has a 1 year low of $12.70 and a 1 year high of $19.07. The firm has a 50 day moving average of $17.31 and a 200-day moving average of $16.43. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $901.47 million, a P/E ratio of -5.59 and a beta of 0.82.

Horizon Bancorp (IN) (NASDAQ:HBNC) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Horizon Bancorp (IN) had a positive return on equity of 11.56% and a negative net margin of 37.12%.The business had revenue of $64.53 million for the quarter, compared to analyst estimates of $74.35 million. As a group, sell-side analysts anticipate that Horizon Bancorp will post 1.78 EPS for the current fiscal year.

Horizon Bancorp (IN) Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a $0.16 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.64 annualized dividend and a yield of 3.6%. Horizon Bancorp (IN)’s dividend payout ratio (DPR) is currently -20.32%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HBNC. HoldCo Asset Management LP bought a new stake in shares of Horizon Bancorp (IN) during the second quarter worth approximately $1,411,000. Deprince Race & Zollo Inc. bought a new stake in shares of Horizon Bancorp (IN) during the 3rd quarter valued at $1,780,000. Horizon Bancorp Inc. IN lifted its stake in shares of Horizon Bancorp (IN) by 61.5% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 582,099 shares of the financial services provider’s stock valued at $9,319,000 after purchasing an additional 221,620 shares during the period. Creative Planning boosted its position in shares of Horizon Bancorp (IN) by 88.1% in the 2nd quarter. Creative Planning now owns 115,125 shares of the financial services provider’s stock worth $1,771,000 after purchasing an additional 53,924 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Horizon Bancorp (IN) by 95.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 133,665 shares of the financial services provider’s stock worth $2,056,000 after purchasing an additional 65,375 shares during the period. 64.51% of the stock is currently owned by institutional investors and hedge funds.

Horizon Bancorp (IN) News Summary

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

• Positive Sentiment: Analyst price-target upgrade — Keefe, Bruyette & Woods raised its price target on HBNC from $19 to $21 and kept an “outperform” rating, signaling buy-side confidence and ~19% upside versus recent levels. Benzinga
• Positive Sentiment: Management guided to higher net interest margins for 2026 (4.25%–4.35%) and emphasized a commercial lending push to expand margins — a constructive signal for future loan yield improvement and NIM-driven earnings. Horizon Bancorp outlines 2026 net interest margin guidance
• Positive Sentiment: Quarterly EPS beat — HBNC reported $0.53 EPS vs. consensus ~$0.50, showing earnings resilience versus year-ago results. Analysts and recap pieces highlight the beat. Zacks: HBNC Beats Q4 Earnings
• Neutral Sentiment: Investors can read the full earnings-call transcript and presentation for color on credit trends, expense outlook and capital plans. These materials should clarify management’s path to the guided NIMs. Earnings Call Transcript (Yahoo)
• Neutral Sentiment: Analyst/comparator coverage — reviews contrasting HBNC with peers (e.g., Richmond Mutual) have appeared; useful for relative valuation and risk comparisons but not immediate catalysts. Reviewing Horizon Bancorp & Richmond Mutual
• Negative Sentiment: Revenue/mix concerns — while EPS beat, reported revenue appeared light versus some street estimates and commentary flagged pressure on certain fee or non‑interest income lines; weaker top-line reads can temper investor enthusiasm. Zacks: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Intraday selling pressure and higher-than-normal volume suggest some investors are booking gains or reacting to the mixed quarter and guidance details despite the positives. This likely contributed to the stock moving lower. Market trading note

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.