Horizon Bancorp (IN) (HBNC) Expected to Announce Earnings on Wednesday

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

Horizon Bancorp (IN) (NASDAQ:HBNC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. The firm had revenue of $69.17 million during 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 Down 0.3%

HBNC stock traded down $0.04 during trading on Friday, hitting $15.84. 39,695 shares of the company's stock were exchanged, compared to its average volume of 165,508. The business has a 50-day moving average price of $15.30 and a two-hundred day moving average price of $15.47. The stock has a market capitalization of $697.12 million, a price-to-earnings ratio of 15.56 and a beta of 0.84. Horizon Bancorp has a 52-week low of $12.70 and a 52-week high of $19.18. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15.

Horizon Bancorp (IN) Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, July 3rd. Horizon Bancorp (IN)'s dividend payout ratio is currently 62.75%.

Institutional Trading of Horizon Bancorp (IN)

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of Horizon Bancorp (IN) in the first quarter valued at $1,231,000. Empowered Funds LLC lifted its position in Horizon Bancorp (IN) by 28.5% during the first quarter. Empowered Funds LLC now owns 150,435 shares of the financial services provider's stock worth $2,269,000 after buying an additional 33,355 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 hedge funds and other institutional investors.

Analyst Ratings Changes

HBNC has been the subject of a number of research reports. Piper Sandler reduced their price objective on Horizon Bancorp (IN) from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Wall Street Zen lowered Horizon Bancorp (IN) from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Finally, Keefe, Bruyette & Woods lowered their target price on Horizon Bancorp (IN) from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Friday, April 25th.

About Horizon Bancorp (IN)

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.