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S&P 500   3,831.39
DOW   30,967.82
QQQ   286.96
S&P 500   3,831.39
DOW   30,967.82
QQQ   286.96
S&P 500   3,831.39
DOW   30,967.82
QQQ   286.96
S&P 500   3,831.39
DOW   30,967.82
QQQ   286.96
NASDAQ:HBNC

Horizon Bancorp Stock Forecast, Price & News

$17.67
-0.21 (-1.17%)
(As of 07/5/2022 05:45 PM ET)
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Today's Range
$17.29
$17.96
50-Day Range
$16.72
$18.29
52-Week Range
$15.66
$23.80
Volume
72,868 shs
Average Volume
153,485 shs
Market Capitalization
$769.88 million
P/E Ratio
8.62
Dividend Yield
3.36%
Price Target
$25.00

Horizon Bancorp MarketRank™ Forecast

Analyst Rating
Strong Buy
4.00 Rating Score
Upside/​Downside
41.5% Upside
$25.00 Price Target
Short Interest
Healthy
1.76% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.61
Upright™ Environmental Score
News Sentiment
0.86mentions of Horizon Bancorp in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.83%
From $2.17 to $2.34 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.61 out of 5 stars

Finance Sector

195th out of 1,389 stocks

State Commercial Banks Industry

51st out of 242 stocks

30 days | 90 days | 365 days | Advanced Chart

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Horizon Bancorp logo

About Horizon Bancorp (NASDAQ:HBNC) Stock

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers various deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers 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 78 full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.

HBNC Stock News Headlines

Horizon Bancorp, Inc. (HBNC) To Go Ex-Dividend on July 7th
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Horizon Bancorp, Inc. Elects New Lead Director
Horizon Bancorp Inc
Horizon Bancorp (HBNC) Q4 Earnings Top Estimates
Best Momentum Stocks to Buy for January 25th
See More Headlines

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:HBNC
CUSIP
44040710
Employees
843
Year Founded
1873

Company Calendar

Ex-Dividend for 4/22 Dividend
4/07/2022
Dividend Payable
4/22/2022
Last Earnings
4/27/2022
Today
7/05/2022
Ex-Dividend for 7/22 Dividend
7/07/2022
Dividend Payable
7/22/2022
Next Earnings (Confirmed)
7/27/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$25.00
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+41.5%
Consensus Rating
Strong Buy
Rating Score (0-4)
4
Research Coverage
1 Analysts

Profitability

Net Income
$87.09 million
Pretax Margin
40.22%

Debt

Sales & Book Value

Annual Sales
$257.95 million
Cash Flow
$2.50 per share
Book Value
$16.62 per share

Miscellaneous

Free Float
42,039,000
Market Cap
$769.88 million
Optionable
Optionable
Beta
1.07

Social Links















Horizon Bancorp Frequently Asked Questions

Should I buy or sell Horizon Bancorp stock right now?

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

What is Horizon Bancorp's stock price forecast for 2022?

1 equities research analysts have issued twelve-month price objectives for Horizon Bancorp's stock. Their HBNC stock forecasts range from $25.00 to $25.00. On average, they expect Horizon Bancorp's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 41.5% from the stock's current price.
View analysts' price targets for Horizon Bancorp
or view top-rated stocks among Wall Street analysts.

How has Horizon Bancorp's stock performed in 2022?

Horizon Bancorp's stock was trading at $20.85 at the start of the year. Since then, HBNC stock has decreased by 15.3% and is now trading at $17.67.
View the best growth stocks for 2022 here
.

When is Horizon Bancorp's next earnings date?

Horizon Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for Horizon Bancorp
.

How can I listen to Horizon Bancorp's earnings call?

Horizon Bancorp will be holding an earnings conference call on Thursday, July 28th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7261627".

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp, Inc. (NASDAQ:HBNC) announced its quarterly earnings data on Wednesday, April, 27th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.07. The financial services provider earned $62.33 million during the quarter, compared to analyst estimates of $60.20 million. Horizon Bancorp had a trailing twelve-month return on equity of 13.14% and a net margin of 34.35%. During the same quarter last year, the business posted $0.46 EPS.
View Horizon Bancorp's earnings history
.

How often does Horizon Bancorp pay dividends? What is the dividend yield for Horizon Bancorp?

Horizon Bancorp declared a quarterly dividend on Friday, June 24th. Stockholders of record on Friday, July 8th will be given a dividend of $0.16 per share on Friday, July 22nd. This represents a $0.64 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Thursday, July 7th. This is a positive change from Horizon Bancorp's previous quarterly dividend of $0.15.
View Horizon Bancorp's dividend history
.

Is Horizon Bancorp a good dividend stock?

Horizon Bancorp(NASDAQ:HBNC) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.36%. Horizon Bancorp has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Horizon Bancorp is 29.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Horizon Bancorp will have a dividend payout ratio of 25.64% next year. This indicates that Horizon Bancorp will be able to sustain or increase its dividend.
View Horizon Bancorp's dividend history.

When did Horizon Bancorp's stock split? How did Horizon Bancorp's stock split work?

Horizon Bancorp shares split on Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly minted 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.

Who are Horizon Bancorp's key executives?

Horizon Bancorp's management team includes the following people:
  • Mr. Craig M. Dwight, Pres, Chairman & CEO (Age 65, Pay $1.12M)
  • Mr. Mark E. Secor CPA, Exec. VP, CFO, Chief Accounting Officer & Treasurer (Age 56, Pay $541.97k)
  • Ms. Kathie A. DeRuiter, Exec. VP & Sr. Bank Operations Officer (Age 60, Pay $463.83k) (LinkedIn Profile)
  • Mr. Dennis J. Kuhn, Regional Pres for Southwest Michigan (Age 62, Pay $418.1k) (LinkedIn Profile)
  • Mr. Todd A. Etzler, Exec. VP, Corp. Sec. & Gen. Counsel (Age 55)
  • Amy Phares, PR Mang.
  • Mr. Daniel R. Buresh, Asst. Chief Accounting Officer & Asst. Treasurer (Age 63)
  • Ms. Lynn M. Kerber, Chief Commercial Banking Officer (Age 53)
  • Mr. Chris A. Chatfield, VP & Sr. Commercial Loan Officer
  • Mr. Noe S. Najera, Exec. VP (Age 51)

What is Craig M. Dwight's approval rating as Horizon Bancorp's CEO?

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.

What other stocks do shareholders of Horizon Bancorp own?

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).

What is Horizon Bancorp's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Horizon Bancorp's stock price today?

One share of HBNC stock can currently be purchased for approximately $17.67.

How much money does Horizon Bancorp make?

Horizon Bancorp (NASDAQ:HBNC) has a market capitalization of $769.88 million and generates $257.95 million in revenue each year. The financial services provider earns $87.09 million in net income (profit) each year or $2.05 on an earnings per share basis.

How many employees does Horizon Bancorp have?

Horizon Bancorp employs 843 workers across the globe.

When was Horizon Bancorp founded?

Horizon Bancorp was founded in 1873.

How can I contact Horizon Bancorp?

Horizon Bancorp's mailing address is 515 FRANKLIN STREET, MICHIGAN CITY IN, 46360. The official website for Horizon Bancorp is www.horizonbank.com. The financial services provider can be reached via phone at (219) 879-0211 or via fax at 219-874-9305.

This page (NASDAQ:HBNC) was last updated on 7/6/2022 by MarketBeat.com Staff

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