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NASDAQ:HBNC

Horizon Bancorp (HBNC) Stock Forecast, Price & News

$9.06
+0.17 (+1.91%)
(As of 06/1/2023 ET)
Compare
Today's Range
$8.79
$9.26
50-Day Range
$7.75
$11.10
52-Week Range
$7.69
$20.64
Volume
198,924 shs
Average Volume
277,857 shs
Market Capitalization
$399.69 million
P/E Ratio
4.49
Dividend Yield
7.06%
Price Target
$16.50

Horizon Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
82.1% Upside
$16.50 Price Target
Short Interest
Healthy
1.96% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.61
Upright™ Environmental Score
News Sentiment
0.51mentions of Horizon Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$10,285 Bought Last Quarter
Proj. Earnings Growth
-1.29%
From $1.55 to $1.53 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.93 out of 5 stars

Finance Sector

273rd out of 1,786 stocks

State Commercial Banks Industry

93rd out of 374 stocks


HBNC stock logo

About Horizon Bancorp (NASDAQ:HBNC) Stock

Horizon Bancorp, Inc. (Indiana) is a bank holding company, which engages in the provision of commercial and retail banking services. It offers personal banking, business banking, investment and trust, and mortgage services. The company was founded in 1873 and is headquartered in Michigan City, IN.

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HBNC Stock News Headlines

Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
HBNC Horizon Bancorp, Inc.
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
Horizon Bancorp, Inc. (NASDAQ:HBNC) Short Interest Update
Horizon Shareholder Notice
Horizon Bancorp (HBNC) Q1 Earnings Top Estimates
See More Headlines

HBNC Price History

HBNC Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 4/21 Dividend
4/05/2023
Dividend Payable
4/21/2023
Today
6/01/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:HBNC
CUSIP
44040710
Employees
843
Year Founded
1873

Price Target and Rating

Average Stock Price Forecast
$16.50
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+82.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$93.41 million
Pretax Margin
32.59%

Debt

Sales & Book Value

Annual Sales
$283.48 million
Cash Flow
$2.63 per share
Book Value
$15.93 per share

Miscellaneous

Free Float
42,788,000
Market Cap
$399.73 million
Optionable
Optionable
Beta
0.89

Social Links


Key Executives

  • Craig M. Dwight
    Chairman & Chief Executive Officer
  • Thomas M. Prame
    President
  • Mark E. Secor
    Chief Financial Officer & Executive Vice President
  • Kathie A. Deruiter
    Executive Vice President
  • Todd A. Etzler
    Secretary, Executive VP & General Counsel













HBNC Stock - Frequently Asked Questions

Should I buy or sell Horizon Bancorp stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HBNC shares.
View HBNC analyst ratings
or view top-rated stocks.

What is Horizon Bancorp's stock price forecast for 2023?

4 analysts have issued 1-year price objectives for Horizon Bancorp's stock. Their HBNC share price forecasts range from $13.00 to $18.00. On average, they expect the company's stock price to reach $16.50 in the next year. This suggests a possible upside of 82.1% from the stock's current price.
View analysts price targets for HBNC
or view top-rated stocks among Wall Street analysts.

How have HBNC shares performed in 2023?

Horizon Bancorp's stock was trading at $15.08 at the start of the year. Since then, HBNC stock has decreased by 39.9% and is now trading at $9.06.
View the best growth stocks for 2023 here
.

Are investors shorting Horizon Bancorp?

Horizon Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 834,900 shares, an increase of 14.0% from the April 30th total of 732,600 shares. Based on an average trading volume of 350,500 shares, the short-interest ratio is presently 2.4 days. Approximately 2.0% of the company's shares are sold short.
View Horizon Bancorp's Short Interest
.

When is Horizon Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our HBNC earnings forecast
.

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp, Inc. (NASDAQ:HBNC) announced its earnings results on Tuesday, October, 26th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.08. The financial services provider earned $62.59 million during the quarter, compared to analyst estimates of $59.43 million. Horizon Bancorp had a net margin of 29.11% and a trailing twelve-month return on equity of 13.09%. During the same quarter in the previous year, the company posted $0.45 earnings per share.

How often does Horizon Bancorp pay dividends? What is the dividend yield for Horizon Bancorp?

Horizon Bancorp announced a quarterly dividend on Tuesday, March 21st. Stockholders of record on Friday, April 7th will be given a dividend of $0.16 per share on Friday, April 21st. This represents a $0.64 annualized dividend and a yield of 7.06%. The ex-dividend date is Wednesday, April 5th.
Read our dividend analysis for HBNC
.

What ETFs hold Horizon Bancorp's stock?

ETFs with the largest weight of Horizon Bancorp (NASDAQ:HBNC) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR S&P Regional Banking ETF (KRE).Direxion Daily Regional Banks Bull 3x Shares (DPST),

Is Horizon Bancorp a good dividend stock?

Horizon Bancorp (NASDAQ:HBNC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 6.88%. HBNC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 31.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBNC will have a dividend payout ratio of 41.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBNC.

When did Horizon Bancorp's stock split?

Shares of Horizon Bancorp split on Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly created 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.

What is Craig M. Dwight's approval rating as Horizon Bancorp's CEO?

23 employees have rated Horizon Bancorp Chief Executive Officer Craig M. Dwight on Glassdoor.com. Craig M. Dwight has an approval rating of 86% among the company's employees. 76.0% of employees surveyed would recommend working at Horizon Bancorp to a friend.

What other stocks do shareholders of Horizon Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Horizon Bancorp investors own include Altria Group (MO), AT&T (T), AllianceBernstein (AB), ONEOK (OKE), AbbVie (ABBV), Enbridge (ENB), Enterprise Products Partners (EPD), Energy Transfer (ET), Huntington Bancshares (HBAN) and International Paper (IP).

What is Horizon Bancorp's stock symbol?

Horizon Bancorp trades on the NASDAQ under the ticker symbol "HBNC."

Who are Horizon Bancorp's major shareholders?

Horizon Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.03%), Dimensional Fund Advisors LP (5.62%), PL Capital Advisors LLC (3.68%), State Street Corp (2.59%), Geode Capital Management LLC (1.79%) and Horizon Bancorp Inc. IN (1.64%). Insiders that own company stock include Craig M Dwight, Dennis Kuhn, James D Neff, Kathie A Deruiter, Mark E Secor, Michele M Magnuson and Todd A Etzler.
View institutional ownership trends
.

How do I buy shares of Horizon Bancorp?

Shares of HBNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Horizon Bancorp's stock price today?

One share of HBNC stock can currently be purchased for approximately $9.06.

How much money does Horizon Bancorp make?

Horizon Bancorp (NASDAQ:HBNC) has a market capitalization of $399.73 million and generates $283.48 million in revenue each year. The financial services provider earns $93.41 million in net income (profit) each year or $2.02 on an earnings per share basis.

How many employees does Horizon Bancorp have?

The company employs 843 workers across the globe.

How can I contact Horizon Bancorp?

Horizon Bancorp's mailing address is 515 FRANKLIN STREET, MICHIGAN CITY IN, 46360. The official website for the company is www.horizonbank.com. The financial services provider can be reached via phone at (219) 879-0211 or via fax at 219-874-9305.

This page (NASDAQ:HBNC) was last updated on 6/1/2023 by MarketBeat.com Staff

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