Horizon Bancorp (NASDAQ:HBNC - Get Free Report) is anticipated to announce its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.40 per share and revenue of $64.52 million for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.
Horizon Bancorp (NASDAQ:HBNC - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). Horizon Bancorp had a return on equity of 8.48% and a net margin of 9.86%. On average, analysts expect Horizon Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Horizon Bancorp Stock Up 1.4 %
Shares of HBNC traded up $0.19 during trading hours on Friday, reaching $13.55. 185,992 shares of the stock traded hands, compared to its average volume of 166,327. Horizon Bancorp has a 52 week low of $11.36 and a 52 week high of $19.18. The company has a market cap of $596.40 million, a price-to-earnings ratio of 16.94 and a beta of 0.87. The stock has a fifty day simple moving average of $15.34 and a 200 day simple moving average of $16.22. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.83.
Horizon Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.64 annualized dividend and a dividend yield of 4.72%. Horizon Bancorp's dividend payout ratio is currently 80.00%.
Analyst Ratings Changes
Separately, Piper Sandler reduced their target price on Horizon Bancorp from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Monday, January 27th.
Read Our Latest Stock Analysis on Horizon Bancorp
About Horizon Bancorp
(
Get Free Report)
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.
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