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

Company Overview

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. These offerings are supported by digital banking platforms that deliver online and mobile banking, remote deposit capture, and electronic payment services designed to meet the needs of individuals, small businesses, and middle-market corporations in its markets.

Founded and rooted in Indiana, Horizon Bancorp operates a network of community banking offices across southern Indiana and northern Michigan. This regional focus allows the company to maintain close relationships with its customers and tailor its financial solutions to local market dynamics. Under the leadership of President and Chief Executive Officer Robert P. Braun, Horizon Bancorp emphasizes customer service, community involvement, and prudent risk management to foster long-term growth and stability.

Key Stats

• Today's Range: $15.82 to $16.23
• 50-Day Range: $15.01 to $16.88
• 52-Week Range: $12.70 to $19.18
• Volume: 326,296 shs
• Average Volume: 309,804 shs
• Market Capitalization: $713.54 million
• P/E Ratio: 13.83
• Dividend Yield: 3.96%
• Price Target: $19.67
• Consensus Rating: Moderate Buy

Horizon Bancorp (IN) Stock Analysis - MarketRank™

Horizon Bancorp (IN) scored higher than 97% of companies evaluated by MarketBeat, and ranked 59th out of 920 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: 3.8 / 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 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Horizon Bancorp (IN) has a consensus price target of $19.67, representing about 21.5% upside from its current price of $16.18.

Amount of Analyst Coverage

Horizon Bancorp (IN) has only been the subject of 4 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 13.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 234.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Horizon Bancorp (IN) is 13.83, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 30.30.

Price to Book Value per Share Ratio

Horizon Bancorp (IN) has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.06% of the outstanding shares of Horizon Bancorp (IN) have been sold short.

Short Interest Ratio / Days to Cover

Horizon Bancorp (IN) has a short interest ratio ("days to cover") of 1.5, 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 decreased by 3.67%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Horizon Bancorp (IN) is a leading dividend payer. It pays a dividend yield of 4.01%, 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

1.06% of the outstanding shares of Horizon Bancorp (IN) have been sold short.

Short Interest Ratio / Days to Cover

Horizon Bancorp (IN) has a short interest ratio ("days to cover") of 1.5, 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 decreased by 3.67%, indicating that investor sentiment is improving.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Horizon Bancorp (IN) this week, compared to 3 articles on an average week.

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 0.4% and is now trading at $16.18.

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

Horizon Bancorp (IN) (NASDAQ:HBNC) released its quarterly earnings results on Wednesday, July, 23rd. The financial services provider reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.03. The financial services provider earned $66.27 million during the quarter, compared to analysts' expectations 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 before market open on Monday, June 18th 2018.The 3-2 split was announced on Wednesday, May 16th 2018. The newly minted shares were issued 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.

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
• Record date for 10/17 Dividend: 10/03/2025
• Ex-Dividend for 10/17 Dividend: 10/03/2025
• Today: 10/06/2025
• Dividend Payable: 10/17/2025
• 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): $19.67
• High Price Target: $22.00
• Low Price Target: $18.00
• Potential Upside/Downside: +22.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.17
• Trailing P/E Ratio: 13.75
• Forward P/E Ratio: 9.03
• 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: $213.40 million
• Price / Sales: 3.32
• Cash Flow: $2.16 per share
• Price / Cash Flow: 7.46
• Book Value: $17.47 per share
• Price / Book: 0.92

Miscellaneous

• Outstanding Shares: 44,098,000
• Free Float: 42,996,000
• Market Cap: $709.05 million
• Optionable: Optionable
• Beta: 0.81