Horizon Bancorp Company Profile (NASDAQ:HBNC)

About Horizon Bancorp

Horizon Bancorp logoHorizon Bancorp is a bank holding company. The Company provides a range of banking services in Northwestern and Central Indiana and Southwestern Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank), and other affiliated entities and Horizon Risk Management, Inc. 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. The Bank's loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. The Bank's investment securities include both securities available for sale and held to maturity. Its deposits include noninterest-bearing demand deposits, interest-bearing demand deposits, savings deposits, money market deposits and time deposits. The Bank maintains approximately 54 full service offices.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Northeast Banks
  • Sub-Industry: Regional Banks
  • Exchange: NASDAQ
  • Symbol: HBNC
  • CUSIP: 44040710
Key Metrics:
  • Previous Close: $26.31
  • 50 Day Moving Average: $26.77
  • 200 Day Moving Average: $26.93
  • 52-Week Range: $14.61 - $26.32
  • Trailing P/E Ratio: 20.64
  • Foreward P/E Ratio: 14.70
  • P/E Growth: 0.00
  • Market Cap: $582.58M
  • Outstanding Shares: 22,143,000
  • Beta: 0.77
Profitability:
  • Net Margins: 17.94%
  • Return on Equity: 9.37%
  • Return on Assets: 0.93%
Debt:
  • Debt-to-Equity Ratio: 1.76%
  • Current Ratio: 0.98%
  • Quick Ratio: 0.97%
Additional Links:
Companies Related to Horizon Bancorp:

Analyst Ratings

Consensus Ratings for Horizon Bancorp (NASDAQ:HBNC) (?)
Ratings Breakdown: 1 Hold Rating, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.83)
Consensus Price Target: $22.17 (15.75% downside)

Analysts' Ratings History for Horizon Bancorp (NASDAQ:HBNC)
Show:
DateFirmActionRatingPrice TargetDetails
12/5/2016StephensSet Price TargetBuy$27.00View Rating Details
10/6/2016Piper Jaffray Cos.Initiated CoverageOverweight$22.33View Rating Details
7/28/2016Keefe, Bruyette & WoodsBoost Price TargetOutperform$19.33 -> $20.67View Rating Details
3/14/2016FIG PartnersUpgradeMarket Perform -> OutperformView Rating Details
1/27/2016Raymond James Financial Inc.Lower Price TargetOutperform$18.67View Rating Details
1/7/2016Sandler O'NeillDowngradeBuy -> HoldView Rating Details
(Data available from 12/8/2014 forward)

Earnings

Earnings History for Horizon Bancorp (NASDAQ:HBNC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/23/2017        
7/27/2016Q2$0.55$0.57ViewN/AView Earnings Details
4/25/2016Q1$0.52$0.44ViewN/AView Earnings Details
1/25/2016Q415$0.59$0.50ViewN/AView Earnings Details
10/23/2015Q3$0.57$0.56ViewN/AView Earnings Details
7/23/2015Q2$0.56$0.53ViewN/AView Earnings Details
4/22/2015Q115$0.50$0.48ViewN/AView Earnings Details
1/22/2015Q414$0.55$0.51ViewN/AView Earnings Details
10/22/2014Q3$0.54$0.52ViewN/AView Earnings Details
7/23/2014Q214$0.51$0.50ViewN/AView Earnings Details
4/21/2014Q114$0.42$0.40$20.15 millionViewN/AView Earnings Details
1/23/2013Q412$0.59$0.56$22.80 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Horizon Bancorp (NASDAQ:HBNC)
Current Year EPS Consensus Estimate: $1.26 EPS
Next Year EPS Consensus Estimate: $1.79 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.53$0.53$0.53
Q2 20161$0.55$0.55$0.55
Q3 20161$0.58$0.58$0.58
Q4 20161$0.40$0.40$0.40
Q1 20171$0.39$0.39$0.39
Q2 20171$0.43$0.43$0.43
Q3 20171$0.48$0.48$0.48
Q4 20171$0.46$0.46$0.46
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Horizon Bancorp (NASDAQ:HBNC)
Annual Dividend:$0.40
Dividend Yield:1.52%
Payout Ratio:31.25% (Based on Trailing 12 Months of Earnings)
31.75% (Based on Current Year Consensus EPS Estimate)
22.35% (Based on Next Year Consensus EPS Estimate)

Dividend History for Horizon Bancorp (NASDAQ:HBNC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/23/2016Quarterly$0.152.09%10/5/201610/7/201610/21/2016
6/27/2016quarterly$0.152.49%7/6/20167/8/20167/22/2016
3/22/2016quarterly$0.152.41%4/6/20164/8/20164/22/2016
12/21/2015quarterly$0.152.17%1/6/20161/8/20161/22/2016
9/18/2015quarterly$0.152.42%9/30/201510/2/201510/16/2015
6/22/2015quarterly$0.142.24%6/24/20156/26/20157/10/2015
3/23/2015quarterly$0.142.42%3/31/20154/3/20154/17/2015
12/19/2014quarterly$0.142.12%12/30/20141/2/20151/16/2015
9/19/2014quarterly$0.132.29%10/1/201410/3/201410/17/2014
6/23/2014quarterly$0.132.43%7/1/20147/3/20147/18/2014
3/26/2014quarterly$0.112%4/2/20144/4/20144/18/2014
12/23/2013quarterly$0.111.73%12/31/20131/3/20141/17/2014
9/20/2013quarterly$0.111.91%10/2/201310/4/201310/18/2013
6/24/2013quarterly$0.102%6/26/20136/28/20137/12/2013
3/27/2013quarterly$0.101.96%4/3/20134/5/20134/19/2013
12/17/2012quarterly$0.102.08%12/20/201212/24/201212/31/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Horizon Bancorp (NASDAQ:HBNC)
Insider Ownership Percentage: 7.70%
Institutional Ownership Percentage: 27.92%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/6/2016Thomas H EdwardsInsiderSell11,575$25.38$293,773.50View SEC Filing  
8/16/2016Thomas H EdwardsInsiderSell10,000$27.65$276,500.00View SEC Filing  
6/1/2016Craig M DwightCEOSell10,000$24.67$246,700.00View SEC Filing  
5/20/2016Thomas H EdwardsEVPSell2,000$24.00$48,000.00View SEC Filing  
5/2/2016James D NeffEVPBuy1,674$24.67$41,297.58View SEC Filing  
5/2/2016Steven William ReedDirectorBuy2,211$24.41$53,970.51View SEC Filing  
4/29/2016Kathie A DeruiterEVPSell1,000$24.40$24,400.00View SEC Filing  
4/29/2016Mark E SecorCFOSell3,000$24.39$73,170.00View SEC Filing  
11/2/2015David G. RoseEVPSell3,500$26.28$91,980.00View SEC Filing  
10/30/2015David G. RoseEVPSell3,500$26.68$93,380.00View SEC Filing  
9/1/2015Kathie A. DeruiterinsiderSell2,250$23.55$52,987.50View SEC Filing  
6/3/2015Craig M DwightCEOSell15,697$23.97$376,257.09View SEC Filing  
5/21/2015Mark E SecorEVPSell5,400$24.28$131,112.00View SEC Filing  
5/4/2015James D NeffEVPBuy1,500$23.25$34,875.00View SEC Filing  
2/26/2015Robert E SwinehartDirectorBuy1,000$22.62$22,620.00View SEC Filing  
8/6/2014Daniel F HoppDirectorBuy4,810$21.69$104,328.90View SEC Filing  
6/13/2014David G RoseEVPBuy1,388$21.81$30,272.28View SEC Filing  
5/29/2014Thomas H EdwardsEVPSell1,937$21.93$42,478.41View SEC Filing  
5/21/2014Peter PairitzDirectorBuy5,000$19.75$98,750.00View SEC Filing  
5/2/2014James NeffEVPBuy1,500$20.20$30,300.00View SEC Filing  
4/29/2014Robert SwinehartDirectorBuy1,000$20.25$20,250.00View SEC Filing  
4/25/2014Lawrence BurnellDirectorBuy1,000$20.50$20,500.00View SEC Filing  
4/24/2014Robert SwinehartDirectorBuy1,000$20.45$20,450.00View SEC Filing  
1/31/2014James NeffEVPBuy1,000$22.30$22,300.00View SEC Filing  
4/23/2013James D NeffInsiderBuy1,500$19.39$29,085.00View SEC Filing  
4/23/2013Peter L PairitzDirectorBuy4,000$19.41$77,640.00View SEC Filing  
2/22/2013Robert E SwinehartDirectorBuy1,000$20.40$20,400.00View SEC Filing  
2/6/2013Daniel F HoppDirectorBuy5,000$20.09$100,450.00View SEC Filing  
12/13/2012Susan D AaronDirectorBuy1,336$19.01$25,397.36View SEC Filing  
11/21/2012James D NeffInsiderBuy2,500$17.50$43,750.00View SEC Filing  
11/19/2012Spero W ValavanisDirectorBuy2,000$17.00$34,000.00View SEC Filing  
11/13/2012Larry N MiddletonDirectorBuy2,682$18.09$48,517.38View SEC Filing  
11/2/2012Craig M DwightCEOSell11,500$28.98$333,270.00View SEC Filing  
10/31/2012Daniel F HoppDirectorBuy1,500$29.05$43,575.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Horizon Bancorp (NASDAQ:HBNC)
DateHeadline
News IconHorizon Promotes Stammy Ellinger to Senior Vice President, Senior Loan Operations Officer (NASDAQ:HBNC)
www.laportecountylife.com - December 8 at 10:53 AM
News IconExecutive Vice President of Horizon Bancorp (NASDAQ:HBNC), Edwards Thomas H, sells 11,575 shares worth $293,774 (NASDAQ:HBNC)
empowerednews.net - December 8 at 10:53 AM
finance.yahoo.com logoCommunity Bank to Acquire Northeast Retirement Services (NASDAQ:HBNC)
finance.yahoo.com - December 7 at 10:21 AM
marketexclusive.com logoHorizon Bancorp (NASDAQ:HBNC) Files An 8-K Other Events (NASDAQ:HBNC)
marketexclusive.com - December 1 at 5:42 PM
us.rd.yahoo.com logoHorizon Bancorp Announces Balance Sheet Restructuring Transaction (NASDAQ:HBNC)
us.rd.yahoo.com - November 30 at 5:49 PM
us.rd.yahoo.com logo4:46 pm Horizon Bancorp announced a series of balance sheet restructuring transactions expected to improve overall financial position (NASDAQ:HBNC)
us.rd.yahoo.com - November 30 at 5:49 PM
feeds.reuters.com logoBRIEF-Horizon Bancorp announces balance sheet restructuring transaction (NASDAQ:HBNC)
feeds.reuters.com - November 30 at 5:23 PM
News IconHorizon Promotes Stephanie Fisher to Assistant Vice President, Bank Secrecy Act and Fraud (NASDAQ:HBNC)
www.laportecountylife.com - November 23 at 5:24 PM
fxpips.com logoBiggest Financial Stocks Movers, Nov. 18 (NASDAQ:HBNC)
www.fxpips.com - November 18 at 6:17 AM
finance.yahoo.com logoHORIZON BANCORP /IN/ Financials (NASDAQ:HBNC)
finance.yahoo.com - November 17 at 4:54 PM
biz.yahoo.com logoSplits Calendar: Horizon Bancorp splits before market open today (3:2 ratio) (NASDAQ:HBNC)
biz.yahoo.com - November 15 at 8:49 AM
capitalcube.com logoETF’s with exposure to Horizon Bancorp (Indiana) : November 11, 2016 (NASDAQ:HBNC)
www.capitalcube.com - November 11 at 4:55 PM
capitalcube.com logoHorizon Bancorp (Indiana) breached its 50 day moving average in a Bullish Manner : HBNC-US : November 10, 2016 (NASDAQ:HBNC)
www.capitalcube.com - November 10 at 4:46 PM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 10-Q, Quarterly Report (NASDAQ:HBNC)
biz.yahoo.com - November 9 at 4:58 PM
marketexclusive.com logoHorizon Bancorp (NASDAQ:HBNC) Files An 8-K Announces Closing of CNB Bancorp Merger (NASDAQ:HBNC)
marketexclusive.com - November 8 at 8:08 AM
publicnow.com logoHorizon Bancorp Announces Closing of CNB Bancorp Merger (NASDAQ:HBNC)
www.publicnow.com - November 7 at 5:38 PM
capitalcube.com logoETF’s with exposure to Horizon Bancorp (Indiana) : October 31, 2016 (NASDAQ:HBNC)
www.capitalcube.com - October 31 at 5:30 PM
capitalcube.com logoHorizon Bancorp (Indiana) breached its 50 day moving average in a Bearish Manner : HBNC-US : October 31, 2016 (NASDAQ:HBNC)
www.capitalcube.com - October 31 at 11:56 AM
sg.finance.yahoo.com logoCorrection: Earns-Horizon Bancorp story (NASDAQ:HBNC)
sg.finance.yahoo.com - October 28 at 5:11 PM
businesswire.com logoHorizon Bancorp Announces Record Quarterly and Nine-Month Net Income (NASDAQ:HBNC)
www.businesswire.com - October 26 at 5:28 PM
News IconHorizon Bancorp Announces LaPorte Savings Bank is Now Horizon Bank (NASDAQ:HBNC)
www.portagelife.com - October 24 at 5:13 PM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Other Event (NASDAQ:HBNC)
biz.yahoo.com - October 19 at 5:46 PM
publicnow.com logoHorizon Bancorp Announces Three-for-Two Stock Split (NASDAQ:HBNC)
www.publicnow.com - October 19 at 5:46 PM
News IconHorizon Bank Invests in Internet Technology for the Town of Westville (NASDAQ:HBNC)
www.portagelife.com - October 14 at 5:16 PM
capitalcube.com logoHorizon Bancorp (Indiana) : HBNC-US: Dividend Analysis : October 07th, 2016 (record date) : By the numbers : October 11, 2016 (NASDAQ:HBNC)
www.capitalcube.com - October 11 at 5:35 PM
News IconHorizon Welcomes Lori Monahan as Mortgage Loan Originator (NASDAQ:HBNC)
www.valpolife.com - October 6 at 5:18 PM
seekingalpha.com logoHorizon Bancorp purchase branch in Indiana (NASDAQ:HBNC)
seekingalpha.com - October 5 at 5:19 PM
publicnow.com logoHorizon Bank and First Farmers Bank & Trust Announce Entering Into Agreement for a Single Branch Purchase (NASDAQ:HBNC)
www.publicnow.com - October 5 at 10:35 AM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:HBNC)
biz.yahoo.com - September 22 at 5:27 PM
News IconHorizon Promotes Joel Schaeffer to Assistant Vice President, Mortgage Business Systems Analyst (NASDAQ:HBNC)
www.laportecountylife.com - September 21 at 3:36 PM
finance.yahoo.com logoINVESTIndiana announces executive presentation schedule (NASDAQ:HBNC)
finance.yahoo.com - September 6 at 10:08 AM
News IconHorizon Donates Funds for LaPorte County Habitat for Humanity Build (NASDAQ:HBNC)
www.laportecountylife.com - August 23 at 5:33 PM
capitalcube.com logoHorizon Bancorp (Indiana) :HBNC-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 (NASDAQ:HBNC)
www.capitalcube.com - August 10 at 5:39 PM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 8-K/A, Other Events (NASDAQ:HBNC)
biz.yahoo.com - July 26 at 4:37 PM
finance.yahoo.com logoHorizon Bancorp (HBNC) is Overbought: Is A Drop Coming? (NASDAQ:HBNC)
finance.yahoo.com - July 20 at 8:56 AM
capitalcube.com logoHorizon Bancorp (Indiana) : HBNC-US: Dividend Analysis : July 08th, 2016 (record date) : By the numbers : July 19, 2016 (NASDAQ:HBNC)
www.capitalcube.com - July 19 at 5:09 PM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Change in Directors or P (NASDAQ:HBNC)
biz.yahoo.com - July 18 at 9:05 AM
finance.yahoo.com logoHorizon Bancorp Announces Closing of LaPorte Bancorp, Inc. Merger (NASDAQ:HBNC)
finance.yahoo.com - July 18 at 9:00 AM
streetinsider.com logoHorizon Bancorp (HBNC), CNB Bancorp Enter Merger Agreement (NASDAQ:HBNC)
www.streetinsider.com - July 13 at 5:46 PM
seekingalpha.com logoHorizon Bancorp to buy CNB Bancorp (NASDAQ:HBNC)
seekingalpha.com - July 12 at 4:44 PM
publicnow.com logoHorizon Bancorp and CNB Bancorp Announce the Signing of a Merger Agreement (NASDAQ:HBNC)
www.publicnow.com - July 12 at 4:33 PM
News IconBank Merger Nears Completion (NASDAQ:HBNC)
www.insideindianabusiness.com - June 22 at 10:02 AM
seekingalpha.com logoHorizon Bancorp and LaPorte Bancorp receive approval for merger (NASDAQ:HBNC)
seekingalpha.com - June 17 at 9:18 AM
publicnow.com logoHorizon Bancorp and LaPorte Bancorp, Inc. Announce Receipt of Regulatory Approvals and Election Deadline (NASDAQ:HBNC)
www.publicnow.com - June 16 at 4:49 PM
publicnow.com logoHorizon Bancorp Announces Closing of Kosciusko Financial, Inc. Merger (NASDAQ:HBNC)
www.publicnow.com - June 1 at 9:23 AM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission (NASDAQ:HBNC)
biz.yahoo.com - May 10 at 2:36 PM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 8-K, Regulation FD Disclosure (NASDAQ:HBNC)
biz.yahoo.com - May 5 at 10:34 AM
capitalcube.com logoHorizon Bancorp (Indiana) :HBNC-US: Earnings Analysis: Q1, 2016 By the Numbers (NASDAQ:HBNC)
www.capitalcube.com - April 28 at 12:02 PM
publicnow.com logoHorizon Bancorp Announces 2016 First Quarter Earnings (NASDAQ:HBNC)
www.publicnow.com - April 25 at 9:30 AM
sg.finance.yahoo.com logoHorizon Bancorp posts 1Q profit (NASDAQ:HBNC)
sg.finance.yahoo.com - April 25 at 9:29 AM

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Horizon Bancorp (NASDAQ:HBNC) Chart for Thursday, December, 8, 2016


Last Updated on 12/8/2016 by MarketBeat.com Staff