Horizon Bancorp Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Horizon Bancorp stock.
View analyst ratings for Horizon Bancorp or view top-rated stocks.

Wall Street analysts have given Horizon Bancorp a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Horizon Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Horizon Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Horizon Bancorp.

Horizon Bancorp, Inc. (NASDAQ:HBNC) posted its earnings results on Tuesday, April, 27th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. The financial services provider earned $56.41 million during the quarter, compared to analysts' expectations of $58.53 million. Horizon Bancorp had a trailing twelve-month return on equity of 11.44% and a net margin of 29.41%.
View Horizon Bancorp's earnings history.

Horizon Bancorp's stock was trading at $12.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, HBNC stock has increased by 51.5% and is now trading at $18.21.
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Horizon Bancorp declared a quarterly dividend on Wednesday, March 17th. Shareholders of record on Friday, April 2nd will be given a dividend of $0.13 per share on Friday, April 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Wednesday, March 31st. This is a boost from Horizon Bancorp's previous quarterly dividend of $0.12.
View Horizon Bancorp's dividend history.

Horizon Bancorp pays an annual dividend of $0.52 per share and currently has a dividend yield of 2.88%. Horizon Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Horizon Bancorp is 33.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Horizon Bancorp will have a dividend payout ratio of 29.21% next year. This indicates that Horizon Bancorp will be able to sustain or increase its dividend.
View Horizon Bancorp's dividend history.

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

1 brokers have issued 12-month price objectives for Horizon Bancorp's stock. Their forecasts range from $19.00 to $19.00. On average, they anticipate Horizon Bancorp's share price to reach $19.00 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price.
View analysts' price targets for Horizon Bancorp or view top-rated stocks among Wall Street analysts.

8 employees have rated Horizon Bancorp CEO Craig M. Dwight on Glassdoor.com. Craig M. Dwight has an approval rating of 86% among Horizon Bancorp's employees.

Some companies that are related to Horizon Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), First Horizon (FHN), Western Alliance Bancorporation (WAL), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
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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).

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 shareholders include BlackRock Inc. (7.63%), Dimensional Fund Advisors LP (4.60%), Janus Henderson Group PLC (4.14%), PL Capital Advisors LLC (3.04%), The Manufacturers Life Insurance Company (2.85%) and Geode Capital Management LLC (1.61%). Company insiders that own Horizon Bancorp stock include Craig M Dwight, Dennis Kuhn, James D Neff, Mark E Secor and Michele M Magnuson.
View institutional ownership trends for Horizon Bancorp.

HBNC stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Northern Trust Corp, Pacific Ridge Capital Partners LLC, Arrowstreet Capital Limited Partnership, Thrivent Financial for Lutherans, Bank of Montreal Can, AQR Capital Management LLC, and BHZ Capital Management LP. Company insiders that have sold Horizon Bancorp company stock in the last year include Craig M Dwight, Dennis Kuhn, James D Neff, Mark E Secor, and Michele M Magnuson.
View insider buying and selling activity for Horizon Bancorp or view top insider-selling stocks.

HBNC stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, BlackRock Inc., Geode Capital Management LLC, HRT Financial LP, State Board of Administration of Florida Retirement System, Kennedy Capital Management Inc., Venture Visionary Partners LLC, and Barclays PLC.
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Shares of HBNC 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.
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One share of HBNC stock can currently be purchased for approximately $18.21.

Horizon Bancorp has a market capitalization of $800.31 million and generates $265 million in revenue each year. The financial services provider earns $68.50 million in net income (profit) each year or $1.53 on an earnings per share basis.

Horizon Bancorp employs 761 workers across the globe.

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

Horizon Bancorp is headquartered at 515 FRANKLIN STREET, MICHIGAN CITY IN, 46360.

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.