Horizon Bancorp (IN) (HBNC) Stock Price, News & Analysis

Company Overview

Horizon Bancorp, Inc. is the bank holding company for Horizon Bank, a regional community bank headquartered in Michigan City, Indiana. Serving individuals, small businesses and commercial clients, the company offers a full suite of financial services across Northwest Indiana, Southwest Michigan and South Suburban Chicago. Horizon Bancorp trades on the NASDAQ under the ticker HBNC.

Through Horizon Bank, the company provides traditional banking products including personal and business checking and savings accounts, certificates of deposit and money market accounts. Lending services encompass residential and commercial real estate mortgages, construction loans, agricultural and equipment financing, and Small Business Administration (SBA) loans. Horizon Bancorp also delivers treasury management solutions, merchant services, and digital banking platforms, while its wealth management division offers investment advisory, trust services and retirement planning.

The roots of Horizon Bancorp trace back to the founding of Michigan City National Bank in 1878. Over time, the organization has grown organically and by acquisition to expand its branch network and diversify its product offerings. Emphasizing community engagement and local decision-making, the company maintains a presence through more than 40 full-service branches, supplemented by online and mobile banking to meet the evolving needs of its regional customer base.

Key Stats

• Today's Range: $15.76 to $16.05
• 50-Day Range: $14.46 to $16.39
• 52-Week Range: $12.70 to $19.18
• Volume: 159,243 shs
• Average Volume: 165,968 shs
• Market Capitalization: $700.64 million
• P/E Ratio: 15.61
• Dividend Yield: 4.02%
• Price Target: $17.33
• Consensus Rating: Hold

Horizon Bancorp (IN) Stock Analysis - MarketRank™

Horizon Bancorp (IN) scored higher than 79% of companies evaluated by MarketBeat, and ranked 304th out of 939 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Horizon Bancorp (IN) has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Horizon Bancorp (IN) has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 5.62%

Earnings Growth

Earnings for Horizon Bancorp (IN) are expected to grow by 5.62% in the coming year, from $1.78 to $1.88 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Horizon Bancorp (IN) is 15.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.51.

Price to Earnings Ratio vs. Sector

The P/E ratio of Horizon Bancorp (IN) is 15.60, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.17.

Price to Book Value per Share Ratio

Horizon Bancorp (IN) has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.42% of the float of Horizon Bancorp (IN) has been sold short.

Short Interest Ratio / Days to Cover

Horizon Bancorp (IN) has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Horizon Bancorp (IN) has recently increased by 5.30%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Horizon Bancorp (IN) is a leading dividend payer. It pays a dividend yield of 4.09%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Horizon Bancorp (IN) does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Horizon Bancorp (IN) is 62.75%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Horizon Bancorp (IN) will have a dividend payout ratio of 34.04% next year. This indicates that Horizon Bancorp (IN) will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.3 / 5
• Environmental Score: -0.61

Percentage of Shares Shorted

1.42% of the float of Horizon Bancorp (IN) has been sold short.

Short Interest Ratio / Days to Cover

Horizon Bancorp (IN) has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Horizon Bancorp (IN) has recently increased by 5.30%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: N/A

News Sentiment

Horizon Bancorp (IN) has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Horizon Bancorp (IN) this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Horizon Bancorp (IN) insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.79% of the stock of Horizon Bancorp (IN) is held by insiders.

Percentage Held by Institutions

64.51% of the stock of Horizon Bancorp (IN) is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HBNC Stock Analysis - Frequently Asked Questions

How have HBNC shares performed this year?

Horizon Bancorp (IN)'s stock was trading at $16.11 at the beginning of 2025. Since then, HBNC stock has decreased by 1.7% and is now trading at $15.8350.

How were Horizon Bancorp (IN)'s earnings last quarter?

Horizon Bancorp (IN) (NASDAQ:HBNC) released its quarterly earnings results on Wednesday, April, 23rd. The financial services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. The financial services provider had revenue of $69.17 million for the quarter, compared to analysts' expectations of $64.52 million. Horizon Bancorp (IN) had a trailing twelve-month return on equity of 9.56% and a net margin of 12.27%.
Read the conference call transcript.

When did Horizon Bancorp (IN)'s stock split?

Horizon Bancorp (IN) shares split before market open on Monday, June 18th 2018.The 3-2 split was announced on Wednesday, May 16th 2018. The newly issued 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.

Who are Horizon Bancorp (IN)'s major shareholders?

Horizon Bancorp (IN)'s top institutional investors include Wedge Capital Management L L P NC (0.12%) and Thurston Springer Miller Herd & Titak Inc. (0.10%). Insiders that own company stock include Craig M Dwight, Susan D Aaron and Todd A Etzler.
View institutional ownership trends.

How do I buy shares of Horizon Bancorp (IN)?

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.

What other stocks do shareholders of Horizon Bancorp (IN) own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Horizon Bancorp (IN) investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), AU Optronics (AUOTY), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 4/23/2025
• Record date for 7/18 Dividend: 7/03/2025
• Ex-Dividend for 7/18 Dividend: 7/03/2025
• Today: 7/18/2025
• Dividend Payable: 7/18/2025
• Next Earnings (Estimated): 7/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - NORTHEAST
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:HBNC
• CIK: 706129
• Web: www.horizonbank.com
• Phone: (219) 879-0211
• Fax: 219-874-9305
• Employees: 910
• Year Founded: 1873

Price Target and Rating

• Average Price Target for Horizon Bancorp (IN): $17.33
• High Price Target: $18.00
• Low Price Target: $17.00
• Potential Upside/Downside: +9.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.02
• Trailing P/E Ratio: 15.57
• Forward P/E Ratio: 8.92
• P/E Growth: N/A
• Net Income: $35.43 million
• Net Margins: 12.27%
• Pretax Margin: 10.85%
• Return on Equity: 9.56%
• Return on Assets: 0.92%

Debt

• Debt-to-Equity Ratio: 0.15
• Current Ratio: 0.76
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $359.45 million
• Price / Sales: 1.94
• Cash Flow: $2.16 per share
• Price / Cash Flow: 7.35
• Book Value: $17.47 per share
• Price / Book: 0.91

Miscellaneous

• Outstanding Shares: 44,010,000
• Free Float: 42,787,000
• Market Cap: $698.88 million
• Optionable: Optionable
• Beta: 0.84