Horizon Bancorp (IN) (NASDAQ:HBNC) to Issue $0.16 Quarterly Dividend

Key Points

• Horizon Bancorp declared a quarterly dividend of $0.16 per share (annualized $0.64) with a 4.0% yield
• The company reported quarterly EPS of $0.53, beating estimates while revenue ($64.53M) missed expectations; Horizon showed a negative net margin (-37.12%) but positive ROE (11.77%), and analysts forecast roughly $1.88 EPS next year supporting future dividend coverage.
• Shares traded around $15.86 (12‑month range $12.70–$19.07) with a market cap of about $812.7M and a trailing P/E of -5.05, reflecting mixed valuation metrics despite recent earnings beats.

Horizon Bancorp (IN) (NASDAQ:HBNC - Get Free Report) announced a quarterly dividend on Tuesday, March 17th. Investors of record on Friday, April 3rd will be given a dividend of 0.16 per share by the financial services provider on Friday, April 17th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, April 2nd.

Horizon Bancorp (IN) has increased its dividend by an average of 0.1%annually over the last three years. Horizon Bancorp (IN) has a dividend payout ratio of 33.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Horizon Bancorp (IN) to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 34.0%.

Horizon Bancorp (IN) Stock Performance

Horizon Bancorp (IN) stock traded up $0.29 during trading hours on Thursday, reaching $15.86. 235,802 shares of the company were exchanged, compared to its average volume of 374,397. Horizon Bancorp has a 12 month low of $12.70 and a 12 month high of $19.07. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $17.35 and a 200 day moving average of $16.83. The firm has a market cap of $812.65 million, a price-to-earnings ratio of -5.05 and a beta of 0.82.

Horizon Bancorp (IN) (NASDAQ:HBNC - Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.03. The company had revenue of $64.53 million for the quarter, compared to analyst estimates of $74.35 million. Horizon Bancorp (IN) had a negative net margin of 37.12% and a positive return on equity of 11.77%. As a group, research analysts anticipate that Horizon Bancorp will post 1.78 earnings per share for the current year.

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.

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