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: $16.72 to $16.92
• 50-Day Range: $15.01 to $16.88
• 52-Week Range: $12.70 to $19.18
• Volume: 363,033 shs
• Average Volume: 483,636 shs
• Market Capitalization: $743.49 million
• P/E Ratio: 14.41
• Dividend Yield: 3.80%
• Price Target: $18.33
• Consensus Rating: Moderate Buy

Horizon Bancorp (IN) Stock Analysis - MarketRank™

Horizon Bancorp (IN) scored higher than 88% of companies evaluated by MarketBeat, and ranked 182nd out of 935 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: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Horizon Bancorp (IN) has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, 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 14.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 268.93.

Price to Earnings Ratio vs. Sector

The P/E ratio of Horizon Bancorp (IN) is 14.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 228.82.

Price to Book Value per Share Ratio

Horizon Bancorp (IN) has a P/B Ratio of 0.94. 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

1.46% 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 3.6, 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 11.20%, 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 3.86%, 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 54.70%. 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

1.46% 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 3.6, 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 11.20%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.16

News Sentiment

Horizon Bancorp (IN) has a news sentiment score of 1.16. 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 23 news articles for Horizon Bancorp (IN) this week, compared to 3 articles on an average week.

Search Interest

1 people have searched for HBNC on MarketBeat in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Horizon Bancorp (IN) insiders have bought more of their company's stock than they have sold. Specifically, they have bought $64,989.00 in company stock and sold $0.00 in 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 the year. Since then, HBNC stock has increased by 4.7% and is now trading at $16.86.

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

Horizon Bancorp (IN) (NASDAQ:HBNC) issued its quarterly earnings results on Wednesday, July, 23rd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.03. The financial services provider had revenue of $66.27 million for the quarter, compared to the consensus estimate of $66.45 million. Horizon Bancorp (IN) had a trailing twelve-month return on equity of 10.21% and a net margin of 13.84%.
Read the conference call transcript.

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

Horizon Bancorp (IN) shares split on Monday, June 18th 2018.The 3-2 split was announced on Wednesday, May 16th 2018. The newly created shares were distributed 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?

Top institutional investors of Horizon Bancorp (IN) include Geode Capital Management LLC (2.49%), The Manufacturers Life Insurance Company (2.00%), LSV Asset Management (1.60%) and American Century Companies Inc. (0.90%). Insiders that own company stock include Craig M Dwight, John R Stewart, Susan D Aaron, Thomas M Prame, Michele Annette Samuels 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 7/18 Dividend: 7/03/2025
• Ex-Dividend for 7/18 Dividend: 7/03/2025
• Dividend Payable: 7/18/2025
• Last Earnings: 7/23/2025
• Today: 8/29/2025
• Next Earnings (Estimated): 10/22/2025
• 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): $18.33
• High Price Target: $19.00
• Low Price Target: $18.00
• Potential Upside/Downside: +8.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.17
• Trailing P/E Ratio: 14.41
• Forward P/E Ratio: 9.47
• P/E Growth: N/A
• Net Income: $35.43 million
• Net Margins: 13.84%
• Pretax Margin: 12.98%
• Return on Equity: 10.21%
• Return on Assets: 1.02%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: 0.76
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $359.45 million
• Price / Sales: 2.07
• Cash Flow: $2.16 per share
• Price / Cash Flow: 7.80
• Book Value: $17.93 per share
• Price / Book: 0.94

Miscellaneous

• Outstanding Shares: 44,100,000
• Free Float: 42,868,000
• Market Cap: $743.53 million
• Optionable: Optionable
• Beta: 0.87