Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities and Horizon Risk Management, Inc. The Company operates through commercial banking segment. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company. LSB Risk Management, Inc. is a captive insurance company. As of December 31, 2016, the Bank had maintained 56 full service offices, and three loan and deposit production offices. The Bank's loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Regional - Northeast Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:HBNC
- CUSIP: 44040710
- Web: www.horizonbank.com
- Market Cap: $567.04 million
- Outstanding Shares: 22,176,000
- 50 Day Moving Avg: $26.19
- 200 Day Moving Avg: $26.14
- 52 Week Range: $15.83 - $28.63
Sales & Book Value:
- Trailing P/E Ratio: 20.23
- Foreward P/E Ratio: 13.39
- P/E Growth: 0.00
- Annual Revenue: $128.41 million
- Price / Sales: 4.42
- Book Value: $15.72 per share
- Price / Book: 1.63
- Annual Dividend: $0.44
- Dividend Yield: 1.8%
- Net Margins: 16.55%
- Return on Equity: 9.86%
- Return on Assets: 0.99%
- Debt-to-Equity Ratio: 1.76%
- Current Ratio: 0.98%
- Quick Ratio: 0.97%
- Average Volume: 55,744 shs.
- Beta: 0.79
- Short Ratio: 2.51
Frequently Asked Questions for Horizon Bancorp (NASDAQ:HBNC)
What is Horizon Bancorp's stock symbol?
Horizon Bancorp trades on the NASDAQ under the ticker symbol "HBNC."
How often does Horizon Bancorp pay dividends? What is the dividend yield for Horizon Bancorp?
Horizon Bancorp declared a quarterly dividend on Thursday, March 23rd. Shareholders of record on Friday, April 7th will be given a dividend of $0.11 per share on Friday, April 21st. This represents a $0.44 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Wednesday, April 5th. View Horizon Bancorp's Dividend History.
When did Horizon Bancorp's stock split? How did Horizon Bancorp's stock split work?
Shares of Horizon Bancorp split on the morning of Tuesday, November 15th 2016. The 3-2 split was announced on Wednesday, October 19th 2016. The newly minted shares were issued to shareholders after the closing bell on Monday, November 14th 2016. An investor that had 100 shares of Horizon Bancorp stock prior to the split would have 150 shares after the split.
How were Horizon Bancorp's earnings last quarter?
Horizon Bancorp (NASDAQ:HBNC) released its earnings results on Tuesday, April, 25th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.07. The business had revenue of $33.13 million for the quarter, compared to the consensus estimate of $34.97 million. Horizon Bancorp had a net margin of 16.55% and a return on equity of 9.86%. View Horizon Bancorp's Earnings History.
Where is Horizon Bancorp's stock going? Where will Horizon Bancorp's stock price be in 2017?
3 brokers have issued 1-year price objectives for Horizon Bancorp's stock. Their forecasts range from $22.33 to $29.00. On average, they anticipate Horizon Bancorp's stock price to reach $26.11 in the next year. View Analyst Ratings for Horizon Bancorp.
Are investors shorting Horizon Bancorp?
Horizon Bancorp saw a decrease in short interest during the month of April. As of April 13th, there was short interest totalling 161,508 shares, a decrease of 6.0% from the March 31st total of 171,817 shares. Based on an average daily trading volume, of 68,498 shares, the short-interest ratio is currently 2.4 days.
Who are some of Horizon Bancorp's key competitors?
Some companies that are related to Horizon Bancorp include First Commonwealth Financial (FCF), Beneficial Bancorp (BNCL), Customers Bancorp (CUBI), Lakeland Bancorp (LBAI), Washington Trust Bancorp (WASH), Univest Co. of Pennsylvania (UVSP), Northfield Bancorp (NFBK), TrustCo Bank Corp NY (TRST), Oritani Financial Corp. (ORIT), ConnectOne Bancorp (CNOB), Bridge Bancorp (BDGE), First of Long Island Corp (FLIC), Republic First Bancorp (FRBK), Sun Bancorp, Inc. /NJ (SNBC), Hometrust Bancshares (HTBI), CNB Financial Corp (CCNE), Orrstown Financial Services (ORRF) and Two Rivers Bancorp (TRCB).
Who owns Horizon Bancorp stock?
Horizon Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (4.14%), Vanguard Group Inc. (3.86%), Dimensional Fund Advisors LP (2.58%), Renaissance Technologies LLC (1.31%), Foundry Partners LLC (1.05%) and Geode Capital Management LLC (0.74%). Company insiders that own Horizon Bancorp stock include Craig M Dwight, David G Rose, James D Neff, Kathie A Deruiter, Mark E Secor, Maurice F Winkler III, Steven William Reed and Thomas H Edwards. View Institutional Ownership Trends for Horizon Bancorp.
Who sold Horizon Bancorp stock? Who is selling Horizon Bancorp stock?
Horizon Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Tradition Capital Management LLC, Eidelman Virant Capital, Morgan Stanley, JPMorgan Chase & Co., Prudential Financial Inc., LSV Asset Management, Victory Capital Management Inc. and Wells Fargo & Company MN. Company insiders that have sold Horizon Bancorp stock in the last year include Craig M Dwight, David G Rose, Kathie A Deruiter and Thomas H Edwards. View Insider Buying and Selling for Horizon Bancorp.
Who bought Horizon Bancorp stock? Who is buying Horizon Bancorp stock?
Horizon Bancorp's stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Renaissance Technologies LLC, Stephens Inc. AR, Pacific Ridge Capital Partners LLC, Cornerstone Capital Management Holdings LLC., Vanguard Group Inc., Catalyst Capital Advisors LLC and Bank of New York Mellon Corp. Company insiders that have bought Horizon Bancorp stock in the last two years include James D Neff, Maurice F Winkler III and Steven William Reed. View Insider Buying and Selling for Horizon Bancorp.
How do I buy Horizon Bancorp stock?
Shares of Horizon Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Horizon Bancorp stock cost?
One share of Horizon Bancorp stock can currently be purchased for approximately $25.57.
Earnings History for Horizon Bancorp (NASDAQ:HBNC)Earnings History by Quarter for Horizon Bancorp (NASDAQ:HBNC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/25/2017||Q1 2017||$0.41||$0.34||$34.97 million||$33.13 million||View||N/A|
|1/25/2017||Q4 2016||$0.32||$0.38||$34.40 million||$31.12 million||View||N/A|
|7/27/2016||Q2||$0.55||$0.57||$29.36 million||$30.74 million||View||N/A|
|4/25/2016||Q1||$0.52||$0.44||$27.78 million||$27.64 million||View||N/A|
|1/25/2016||Q415||$0.59||$0.50||$27.92 million||$27.97 million||View||N/A|
|10/22/2015||Q3||$0.57||$0.56||$28.62 million||$28.18 million||View||N/A|
|7/23/2015||Q2||$0.56||$0.48||$24.29 million||$25.04 million||View||N/A|
|4/22/2015||Q115||$0.50||$0.48||$23.21 million||$23.95 million||View||N/A|
|1/22/2015||Q414||$0.55||$0.51||$23.24 million||$23.26 million||View||N/A|
|7/23/2014||Q214||$0.49||$0.50||$21.59 million||$23.42 million||View||N/A|
|4/21/2014||Q114||$0.42||$0.40||$20.12 million||$18.79 million||View||N/A|
Earnings Estimates for Horizon Bancorp (NASDAQ:HBNC)
2017 EPS Consensus Estimate: $1.62
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Horizon Bancorp (NASDAQ:HBNC)
|Most Recent Dividend:||4/21/2017|
|Payout Ratio:||36.97% (Trailing 12 Months of Earnings) |
25.58% (Based on This Year's Estimates)
23.04% (Based on Next Year's Estimates)
Dividend History by Quarter for Horizon Bancorp (NASDAQ:HBNC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Horizon Bancorp (NASDAQ:HBNC)
Insider Ownership Percentage: 7.70%Insider Trades by Quarter for Horizon Bancorp (NASDAQ:HBNC)
Institutional Ownership Percentage: 28.53%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/10/2017||Kathie A. Deruiter||Insider||Sell||735||$25.52||$18,757.20|| |
|1/31/2017||Maurice F Winkler III||Director||Buy||8,000||$25.55||$204,400.00|| |
|12/14/2016||David G Rose||Insider||Sell||9,750||$25.79||$251,452.50|| |
|12/8/2016||Craig M Dwight||Insider||Sell||10,000||$25.93||$259,300.00|| |
|12/6/2016||Thomas H Edwards||Insider||Sell||11,575||$25.38||$293,773.50|| |
|8/16/2016||Thomas H Edwards||Insider||Sell||10,000||$27.65||$276,500.00|| |
|6/1/2016||Craig M Dwight||CEO||Sell||10,000||$24.67||$246,700.00|| |
|5/20/2016||Thomas H Edwards||EVP||Sell||2,000||$24.00||$48,000.00|| |
|5/2/2016||James D Neff||EVP||Buy||1,674||$24.67||$41,297.58|| |
|5/2/2016||Steven William Reed||Director||Buy||2,211||$24.41||$53,970.51|| |
|4/29/2016||Kathie A Deruiter||EVP||Sell||1,000||$24.40||$24,400.00|| |
|4/29/2016||Mark E Secor||CFO||Sell||3,000||$24.39||$73,170.00|| |
|11/2/2015||David G. Rose||EVP||Sell||3,500||$26.28||$91,980.00|| |
|10/30/2015||David G. Rose||EVP||Sell||3,500||$26.68||$93,380.00|| |
|9/1/2015||Kathie A. Deruiter||insider||Sell||2,250||$23.55||$52,987.50|| |
|6/3/2015||Craig M Dwight||CEO||Sell||15,697||$23.97||$376,257.09|| |
|5/21/2015||Mark E Secor||EVP||Sell||5,400||$24.28||$131,112.00|| |
|5/4/2015||James D Neff||EVP||Buy||1,500||$23.25||$34,875.00|| |
|2/26/2015||Robert E Swinehart||Director||Buy||1,000||$22.62||$22,620.00|| |
|8/6/2014||Daniel F Hopp||Director||Buy||4,810||$21.69||$104,328.90|| |
|6/13/2014||David G Rose||EVP||Buy||1,388||$21.81||$30,272.28|| |
|5/29/2014||Thomas H Edwards||EVP||Sell||1,937||$21.93||$42,478.41|| |
|5/21/2014||Peter Pairitz||Director||Buy||5,000||$19.75||$98,750.00|| |
|5/2/2014||James Neff||EVP||Buy||1,500||$20.20||$30,300.00|| |
|4/29/2014||Robert Swinehart||Director||Buy||1,000||$20.25||$20,250.00|| |
|4/25/2014||Lawrence Burnell||Director||Buy||1,000||$20.50||$20,500.00|| |
|4/24/2014||Robert Swinehart||Director||Buy||1,000||$20.45||$20,450.00|| |
|1/31/2014||James Neff||EVP||Buy||1,000||$22.30||$22,300.00|| |
|4/23/2013||James D Neff||Insider||Buy||1,500||$19.39||$29,085.00|| |
|4/23/2013||Peter L Pairitz||Director||Buy||4,000||$19.41||$77,640.00|| |
|2/22/2013||Robert E Swinehart||Director||Buy||1,000||$20.40||$20,400.00|| |
|2/6/2013||Daniel F Hopp||Director||Buy||5,000||$20.09||$100,450.00|| |
|12/13/2012||Susan D Aaron||Director||Buy||1,336||$19.01||$25,397.36|| |
|11/21/2012||James D Neff||Insider||Buy||2,500||$17.50||$43,750.00|| |
|11/19/2012||Spero W Valavanis||Director||Buy||2,000||$17.00||$34,000.00|| |
|11/13/2012||Larry N Middleton||Director||Buy||2,682||$18.09||$48,517.38|| |
|11/2/2012||Craig M Dwight||CEO||Sell||11,500||$28.98||$333,270.00|| |
|10/31/2012||Daniel F Hopp||Director||Buy||1,500||$29.05||$43,575.00|| |
Headline Trends for Horizon Bancorp (NASDAQ:HBNC)
Latest Headlines for Horizon Bancorp (NASDAQ:HBNC)
|Horizon Bancorp (Indiana) breached its 50 day moving average in a Bearish Manner : HBNC-US : May 15, 2017|
finance.yahoo.com - May 15 at 11:09 AM
|Indiana bank expanding to Central Ohio, with local banking veteran to lead office|
www.bizjournals.com - May 8 at 5:19 PM
|Horizon Bancorp (HBNC) Short Interest Down 6.0% in April|
www.americanbankingnews.com - May 5 at 12:24 PM
|Horizon Announces Expansion into Central Ohio|
www.nasdaq.com - May 4 at 5:46 PM
|Horizon Bancorp (HBNC) Receiving Somewhat Positive Press Coverage, Analysis Finds|
www.americanbankingnews.com - May 4 at 1:23 AM
|$0.41 EPS Expected for Horizon Bancorp (HBNC) This Quarter|
www.americanbankingnews.com - May 1 at 10:08 PM
|Horizon Bancorp (HBNC) Earning Somewhat Favorable Press Coverage, Analysis Finds|
www.americanbankingnews.com - April 30 at 12:45 AM
|Zacks Investment Research Downgrades Horizon Bancorp (HBNC) to Hold|
www.americanbankingnews.com - April 29 at 1:11 AM
|FIG Partners Weighs in on Horizon Bancorp's Q2 2017 Earnings (HBNC)|
www.americanbankingnews.com - April 28 at 9:42 AM
|Somewhat Positive Press Coverage Very Likely to Impact Horizon Bancorp (HBNC) Stock Price|
www.americanbankingnews.com - April 26 at 8:36 PM
|Horizon Bancorp Announces 2017 First Quarter Earnings|
finance.yahoo.com - April 26 at 7:43 PM
|Horizon Bancorp posts 1Q profit|
finance.yahoo.com - April 26 at 7:43 PM
|Horizon Bancorp (HBNC) Posts Earnings Results, Misses Expectations By $0.07 EPS|
www.americanbankingnews.com - April 26 at 3:52 PM
|Horizon Bancorp (Indiana) breached its 50 day moving average in a Bullish Manner : HBNC-US : April 21, 2017|
finance.yahoo.com - April 21 at 3:22 PM
|Horizon Bancorp (HBNC) Given Daily Media Sentiment Score of -0.12|
www.americanbankingnews.com - April 18 at 6:49 PM
|Horizon Bancorp (Indiana) : HBNC-US: Dividend Analysis : April 07th, 2017 (record date) : By the numbers : April 14, 2017|
finance.yahoo.com - April 14 at 5:41 PM
|Somewhat Negative Press Coverage Likely to Impact Horizon Bancorp (HBNC) Stock Price|
www.americanbankingnews.com - April 14 at 4:12 PM
|Zacks: Brokerages Expect Horizon Bancorp (HBNC) to Post $0.39 EPS|
www.americanbankingnews.com - April 10 at 4:14 PM
|Horizon Bancorp (Indiana) breached its 50 day moving average in a Bearish Manner : HBNC-US : April 4, 2017|
finance.yahoo.com - April 7 at 10:13 AM
|Horizon Bancorp (HBNC) Upgraded to "Buy" at Zacks Investment Research|
www.americanbankingnews.com - April 4 at 12:37 AM
|HORIZON BANCORP /IN/ Files SEC form 8-K, Change in Directors or Principal Officers|
biz.yahoo.com - March 27 at 11:16 AM
|Horizon Bancorp (HBNC) Rating Increased to Hold at Zacks Investment Research|
www.americanbankingnews.com - March 25 at 8:55 PM
|Horizon Bancorp (hbnc) Plans $0.11 Quarterly Dividend|
www.americanbankingnews.com - March 24 at 1:25 PM
|HORIZON BANCORP /IN/ Files SEC form 10-K, Annual Report|
biz.yahoo.com - March 1 at 12:04 PM
|Horizon Bank Consolidates Branch in Bargersville Indiana|
finance.yahoo.com - February 6 at 5:40 PM
|Horizon Bancorp Announces Record 2016 Net Income|
finance.yahoo.com - January 25 at 7:02 PM
|HORIZON BANCORP /IN/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi|
biz.yahoo.com - January 25 at 7:02 PM
|4 Reasons to Buy Horizon Bancorp (HBNC) Stock Right Now|
finance.yahoo.com - December 30 at 6:02 PM
|3 Reasons Why Horizon Bancorp (HBNC) is a Great Momentum Stock|
finance.yahoo.com - December 28 at 11:05 AM
|Horizon Bancorp (HBNC) Raises Quarterly Dividend 10% to $0.11; 1.6% Yield|
www.streetinsider.com - December 22 at 10:53 PM
|Horizon Bancorp (HBNC): Strong Industry, Solid Earnings Estimate Revisions|
us.rd.yahoo.com - December 22 at 5:53 PM
|12:57 pm Horizon Bancorp increases quarterly dividend to $0.11/share from $0.10/share|
finance.yahoo.com - December 22 at 5:53 PM
|HORIZON BANCORP /IN/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits|
biz.yahoo.com - December 22 at 5:53 PM
|Community Bank to Acquire Northeast Retirement Services|
finance.yahoo.com - December 7 at 10:21 AM
|Horizon Bancorp Announces Balance Sheet Restructuring Transaction|
us.rd.yahoo.com - November 30 at 5:49 PM
|4:46 pm Horizon Bancorp announced a series of balance sheet restructuring transactions expected to improve overall financial position|
us.rd.yahoo.com - November 30 at 5:49 PM
|HORIZON BANCORP /IN/ Financials|
finance.yahoo.com - November 17 at 4:54 PM
|Splits Calendar: Horizon Bancorp splits before market open today (3:2 ratio)|
biz.yahoo.com - November 15 at 8:49 AM
|HORIZON BANCORP /IN/ Files SEC form 10-Q, Quarterly Report|
biz.yahoo.com - November 9 at 4:58 PM
Horizon Bancorp (HBNC) Chart for Wednesday, May, 24, 2017