Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. Its loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; and real estate, mortgage warehouse, and consumer loans. The company also provides corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products. It operates through a network of 62 full service offices in Northern and Central Indiana, as well as Southern, Central, and Great Lakes bay regions of Michigan. The company was founded in 1873 and is headquartered in Michigan City, Indiana.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:HBNC
CUSIP44040710
Phone219-879-0211
Debt
Debt-to-Equity Ratio1.20
Current Ratio0.99
Quick Ratio0.99
Price-To-Earnings
Trailing P/E Ratio17.59
Forward P/E Ratio12.20
P/E GrowthN/A
Sales & Book Value
Annual Sales$161.62 million
Price / Sales4.26
Cash Flow$1.2381 per share
Price / Cash14.49
Book Value$11.94 per share
Price / Book1.50
Profitability
EPS (Most Recent Fiscal Year)$1.02
Net Income$33.11 million
Net Margins23.28%
Return on Equity10.03%
Return on Assets1.15%
Miscellaneous
Employees701
Outstanding Shares38,360,000
Market Cap$688.23 million
Horizon Bancorp (NASDAQ:HBNC) Frequently Asked Questions
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 announced a quarterly dividend on Friday, September 21st. Investors of record on Friday, October 5th will be paid a dividend of $0.10 per share on Friday, October 19th. This represents a $0.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, October 4th. View Horizon Bancorp's Dividend History.
When did Horizon Bancorp's stock split? How did Horizon Bancorp's stock split work?
Horizon Bancorp's stock split on Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly created shares were payable 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.
How were Horizon Bancorp's earnings last quarter?
Horizon Bancorp Inc (NASDAQ:HBNC) issued its quarterly earnings data on Wednesday, July, 25th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The financial services provider earned $42.48 million during the quarter, compared to analysts' expectations of $42.33 million. Horizon Bancorp had a return on equity of 10.03% and a net margin of 23.28%. View Horizon Bancorp's Earnings History.
When is Horizon Bancorp's next earnings date?
What price target have analysts set for HBNC?
3 brokerages have issued 1-year price objectives for Horizon Bancorp's shares. Their predictions range from $19.6667 to $24.00. On average, they expect Horizon Bancorp's share price to reach $22.3333 in the next year. This suggests a possible upside of 24.5% from the stock's current price. View Analyst Price Targets for Horizon Bancorp.
What is the consensus analysts' recommendation for Horizon Bancorp?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Horizon Bancorp.
Who are some of Horizon Bancorp's key competitors?
Some companies that are related to Horizon Bancorp include International Bancshares (IBOC), Columbia Banking System (COLB), Bancorpsouth Bank (BXS), First Interstate Bancsystem (FIBK), CVB Financial (CVBF), Great Western Bancorp (GWB), Independent Bank (INDB), Union Bankshares (UBSH), Ameris Bancorp (ABCB), Pacific Premier Bancorp (PPBI), TowneBank (TOWN), United Community Banks (UCBI), First Bancorp (FBP), Premier Financial Bancorp (PFBI) and ServisFirst Bancshares (SFBS).
Who are Horizon Bancorp's key executives?
Horizon Bancorp's management team includes the folowing people:
- Mr. Craig M. Dwight, Chairman & CEO (Age 61)
- Mr. James D. Neff, Pres (Age 58)
- Mr. Mark E. Secor, Exec. VP & CFO (Age 52)
- Ms. Kathie A. DeRuiter, Exec. VP & Sr. Bank Operations Officer of Horizon Bank (Age 56)
- Attorney Dona L. Lucker, Shareholder Relations Officer & Exec. Assistant
Who are Horizon Bancorp's major shareholders?
Horizon Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include Foundry Partners LLC (0.79%), Indiana Trust & Investment Management CO (0.30%) and CX Institutional (0.17%). Company insiders that own Horizon Bancorp stock include Craig M Dwight, David G Rose, Dennis Kuhn, Eric P Blackhurst, James D Neff, Kathie A Deruiter, Larry N Middleton, Mark E Secor, Maurice F Winkler III, Michele M Thompson and Thomas H Edwards. View Institutional Ownership Trends for Horizon Bancorp.
Which major investors are selling Horizon Bancorp stock?
HBNC stock was sold by a variety of institutional investors in the last quarter, including Foundry Partners LLC. Company insiders that have sold Horizon Bancorp company stock in the last year include Craig M Dwight, Dennis Kuhn, James D Neff, Kathie A Deruiter, Larry N Middleton, Mark E Secor and Michele M Thompson. View Insider Buying and Selling for Horizon Bancorp.
Which major investors are buying Horizon Bancorp stock?
HBNC stock was purchased by a variety of institutional investors in the last quarter, including Indiana Trust & Investment Management CO and CX Institutional. Company insiders that have bought Horizon Bancorp stock in the last two years include Eric P Blackhurst and Maurice F Winkler III. View Insider Buying and Selling for Horizon Bancorp.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Horizon Bancorp's stock price today?
One share of HBNC stock can currently be purchased for approximately $17.94.
How big of a company is Horizon Bancorp?
Horizon Bancorp has a market capitalization of $688.23 million and generates $161.62 million in revenue each year. The financial services provider earns $33.11 million in net income (profit) each year or $1.02 on an earnings per share basis. Horizon Bancorp employs 701 workers across the globe.
What is Horizon Bancorp's official website?
How can I contact Horizon Bancorp?
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.
MarketBeat Community Rating for Horizon Bancorp (NASDAQ HBNC)
MarketBeat's community ratings are surveys of what our community members think about Horizon Bancorp and other stocks. Vote "Outperform" if you believe HBNC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HBNC will underperform the S&P 500 over the long term. You may vote once every thirty days.
