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

Company Overview

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. It also provides commercial, residential real estate, mortgage, home equity, auto, personal, business, agricultural, and SBA loans, as well as credit cards. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; debit cards; treasury management; online and mobile banking; wealth, retirement, and estate and trust services; and sells various insurance products. It operates through full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.

Key Stats

• Today's Range: $14.45 to $14.67
• 50-Day Range: $12.92 to $15.88
• 52-Week Range: $11.52 to $19.18
• Volume: 123,254 shs
• Average Volume: 170,105 shs
• Market Capitalization: $641.61 million
• P/E Ratio: 14.25
• Dividend Yield: 4.39%
• Price Target: $17.33
• Consensus Rating: Hold

Horizon Bancorp (IN) Stock Analysis - MarketRank™

Horizon Bancorp (IN) scored higher than 82% of companies evaluated by MarketBeat, and ranked 881st out of 2,704 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: 2.2 / 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 14.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.52.

Price to Earnings Ratio vs. Sector

The P/E ratio of Horizon Bancorp (IN) is 14.24, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.35.

Price to Book Value per Share Ratio

Horizon Bancorp (IN) has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.68% 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 4.4.

Change versus previous month

Short interest in Horizon Bancorp (IN) has recently increased by 0.50%, indicating that investor sentiment is decreasing.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Horizon Bancorp (IN) is a leading dividend payer. It pays a dividend yield of 4.43%, 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

1.68% 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 4.4.

Change versus previous month

Short interest in Horizon Bancorp (IN) has recently increased by 0.50%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

MarketBeat Follows

1 people have added Horizon Bancorp (IN) to their MarketBeat watchlist in the last 30 days.

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 start of the year. Since then, HBNC stock has decreased by 9.8% and is now trading at $14.5390.
View the best growth stocks for 2025 here.

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

Horizon Bancorp (IN) (NASDAQ:HBNC) released its earnings results on Wednesday, April, 23rd. The financial services provider reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.14. The financial services provider earned $69.17 million during the quarter, compared to analyst estimates 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?

Shares of Horizon Bancorp (IN) split on the morning of Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly minted shares were distributed to shareholders after the market closes 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 shareholders include Vanguard Group Inc. (5.89%), PL Capital Advisors LLC (3.39%), LSV Asset Management (1.62%) and Hotchkis & Wiley Capital Management LLC (1.31%). 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

• Record date for 4/18 Dividend: 4/04/2025
• Ex-Dividend for 4/18 Dividend: 4/04/2025
• Dividend Payable: 4/18/2025
• Last Earnings: 4/23/2025
• Today: 6/20/2025
• 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 Stock Price Target: $17.33
• High Stock Price Target: $18.00
• Low Stock Price Target: $17.00
• Potential Upside/Downside: +19.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.02
• Trailing P/E Ratio: 14.18
• Forward P/E Ratio: 8.12
• 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: $203.08 million
• Price / Sales: 3.13
• Cash Flow: $2.13 per share
• Price / Cash Flow: 6.80
• Book Value: $17.47 per share
• Price / Book: 0.83

Miscellaneous

• Outstanding Shares: 44,015,000
• Free Float: 42,787,000
• Market Cap: $636.46 million
• Optionable: Optionable
• Beta: 0.85