NASDAQ:HBNCHorizon Bancorp Stock Price, Forecast & News

Horizon Bancorp's stock was trading at $12.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, HBNC shares have decreased by 16.3% and is now trading at $10.06.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Horizon Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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Horizon Bancorp Inc (NASDAQ:HBNC) issued its quarterly earnings results on Wednesday, July, 29th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.10. The financial services provider earned $54.12 million during the quarter, compared to analysts' expectations of $52.50 million. Horizon Bancorp had a return on equity of 10.15% and a net margin of 25.36%.
View Horizon Bancorp's earnings history.

Horizon Bancorp announced a quarterly dividend on Monday, June 15th. Stockholders of record on Friday, July 3rd will be given a dividend of $0.12 per share on Friday, July 17th. This represents a $0.48 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Wednesday, July 1st.
View Horizon Bancorp's dividend history.

Shares of Horizon Bancorp 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 Horizon Bancorp stock prior to the split would have 150 shares after the split.

1 equities research analysts have issued 1 year target prices for Horizon Bancorp's stock. Their forecasts range from $14.50 to $14.50. On average, they expect Horizon Bancorp's stock price to reach $14.50 in the next twelve months. This suggests a possible upside of 44.1% from the stock's current price.
View analysts' price targets for Horizon Bancorp.

Headlines about HBNC stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Horizon Bancorp earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term.
View the latest news about Horizon Bancorp.

Some companies that are related to Horizon Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Horizon Bancorp investors own include AllianceBernstein (AB), Altria Group (MO), Occidental Petroleum (OXY), AT&T (T), AbbVie (ABBV), Franklin Resources (BEN), Walt Disney (DIS), Eastman Chemical (EMN), Enbridge (ENB) and Gilead Sciences (GILD).

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

Horizon Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include Comerica Bank (1.20%), Foundry Partners LLC (0.58%), Bowling Portfolio Management LLC (0.09%), First Trust Advisors LP (0.06%), Eidelman Virant Capital (0.05%) and SG Americas Securities LLC (0.05%). Company insiders that own Horizon Bancorp stock include Dennis Kuhn, James D Neff, Larry N Middleton, Mark E Secor, Michele M Magnuson and Steven William Reed.
View institutional ownership trends for Horizon Bancorp.

HBNC stock was sold by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, and UBS Group AG. Company insiders that have sold Horizon Bancorp company stock in the last year include Dennis Kuhn, Mark E Secor, and Michele M Magnuson.
View insider buying and selling activity for Horizon Bancorp.

HBNC stock was acquired by a variety of institutional investors in the last quarter, including Comerica Bank, Foundry Partners LLC, Eidelman Virant Capital, Pennsylvania Capital Management Inc. ADV, First Quadrant L P CA, Zurcher Kantonalbank Zurich Cantonalbank , Mackay Shields LLC, and Strs Ohio. Company insiders that have bought Horizon Bancorp stock in the last two years include James D Neff, and Steven William Reed.
View insider buying and selling activity for Horizon Bancorp.

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

One share of HBNC stock can currently be purchased for approximately $10.06.

Horizon Bancorp has a market capitalization of $440.33 million and generates $251.39 million in revenue each year. The financial services provider earns $66.54 million in net income (profit) each year or $1.64 on an earnings per share basis. Horizon Bancorp employs 716 workers across the globe.

The official website for Horizon Bancorp is www.horizonbank.com.

Horizon Bancorp's mailing address is 515 FRANKLIN STREET, MICHIGAN CITY IN, 46360. The financial services provider can be reached via phone at 219-879-0211.