NASDAQ:HBNC Horizon Bancorp (HBNC) Stock Price, News & Analysis $16.37 +0.07 (+0.43%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$16.02▼$16.6250-Day Range$11.58▼$16.3752-Week Range$9.22▼$16.62Volume221,853 shsAverage Volume164,574 shsMarket Capitalization$722.18 millionP/E Ratio30.31Dividend Yield3.91%Price Target$12.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Horizon Bancorp alerts: Email Address Horizon Bancorp MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside23.6% Downside$12.50 Price TargetShort InterestHealthy1.70% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.61Upright™ Environmental ScoreNews Sentiment0.65Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth14.50%From $1.31 to $1.50 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.41 out of 5 starsFinance Sector105th out of 898 stocksState Commercial Banks Industry22nd out of 181 stocks 1.3 Analyst's Opinion Consensus RatingHorizon Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Amount of Analyst CoverageHorizon Bancorp has only been the subject of 1 research reports in the past 90 days.Read more about Horizon Bancorp's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.70% of the float of Horizon Bancorp has been sold short.Short Interest Ratio / Days to CoverHorizon Bancorp has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in Horizon Bancorp has recently decreased by 4.31%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend LeadershipHorizon Bancorp is a leading dividend payer. It pays a dividend yield of 4.16%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHorizon Bancorp has been increasing its dividend for 13 years.Dividend CoverageThe dividend payout ratio of Horizon Bancorp is 118.52%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Horizon Bancorp will have a dividend payout ratio of 42.67% next year. This indicates that Horizon Bancorp will be able to sustain or increase its dividend.Read more about Horizon Bancorp's dividend. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreHorizon Bancorp has received a 37.31% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Cash withdrawal services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Home equity loans", and "Payment platform" products. See details.Environmental SustainabilityThe Environmental Impact score for Horizon Bancorp is -0.61. Previous Next 3.7 News and Social Media Coverage News SentimentHorizon Bancorp has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Horizon Bancorp this week, compared to 2 articles on an average week.Search Interest1 people have searched for HBNC on MarketBeat in the last 30 days. MarketBeat Follows2 people have added Horizon Bancorp to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Horizon Bancorp insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.79% of the stock of Horizon Bancorp is held by insiders.Percentage Held by Institutions64.51% of the stock of Horizon Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Horizon Bancorp's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Horizon Bancorp are expected to grow by 14.50% in the coming year, from $1.31 to $1.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Horizon Bancorp is 30.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.60.Price to Earnings Ratio vs. SectorThe P/E ratio of Horizon Bancorp is 30.31, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.30.Price to Book Value per Share RatioHorizon Bancorp has a P/B Ratio of 1.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Horizon Bancorp's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. About Horizon Bancorp Stock (NASDAQ:HBNC)Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits. It also provides commercial, residential real estate, mortgage, home equity, auto, personal, business, agricultural, and SBA loans, as well as credit cards. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; debit cards; treasury management; online and mobile banking; wealth, retirement, and estate and trust services; and sells various insurance products. It operates through 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.Read More HBNC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HBNC Stock News HeadlinesJuly 26 at 3:22 PM | finance.yahoo.comHorizon Bancorp Second Quarter 2024 Earnings: EPS Beats ExpectationsJuly 26 at 12:27 AM | seekingalpha.comHorizon Bancorp, Inc. 2024 Q2 - Results - Earnings Call PresentationJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 26 at 12:27 AM | seekingalpha.comHorizon Bancorp, Inc. 2024 Q2 - Results - Earnings Call PresentationJuly 24 at 5:14 PM | gurufocus.comHorizon Bancorp (IN) Q2 Earnings: GAAP EPS of $0.32 Beats Estimates, Revenue Hits $55.76 MillionJuly 24 at 4:05 PM | globenewswire.comHorizon Bancorp, Inc. Reports Second Quarter 2024 Results Including EPS of $0.32, Net Interest Margin Expansion, and Growth in Net Interest Income and LoansJuly 22, 2024 | americanbankingnews.comHorizon Bancorp (HBNC) Set to Announce Quarterly Earnings on WednesdayJuly 21, 2024 | msn.comRaymond James Downgrades First Horizon Corporation - Preferred Stock (FHN.PRC)July 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 19, 2024 | americanbankingnews.comHorizon Bancorp, Inc. (NASDAQ:HBNC) Short Interest UpdateJuly 17, 2024 | globenewswire.comHorizon Bank Appoints Michele Samuels and Brian Walker to Serve as Independent DirectorsJuly 17, 2024 | americanbankingnews.comAnalyzing Horizon Bancorp (NASDAQ:HBNC) and Auburn National Bancorporation (NASDAQ:AUBN)June 27, 2024 | globenewswire.comHorizon Bancorp, Inc. Announces Conference Call to Review Second Quarter Results on July 25May 22, 2024 | insidermonkey.comIs First Horizon Corporation (NYSE:FHN) A Top Local Bank Stock?May 13, 2024 | finance.yahoo.comHorizon Bancorp, Inc. Names John R. Stewart, CFA as Chief Financial OfficerMay 13, 2024 | globenewswire.comHorizon Bancorp, Inc. Names John R. Stewart, CFA as Chief Financial OfficerMay 2, 2024 | seekingalpha.comHorizon Bancorp: Attractive Dividend Yield And A Positive Earnings OutlookApril 30, 2024 | insidermonkey.comHorizon Bancorp, Inc. (NASDAQ:HBNC) Q1 2024 Earnings Call TranscriptSee More Headlines Receive HBNC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Horizon Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/19 Dividend7/05/2024Dividend Payable7/19/2024Last Earnings7/24/2024Today7/26/2024Next Earnings (Estimated)10/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryRegional Banks Current SymbolNASDAQ:HBNC CUSIP44040710 CIK706129 Webwww.horizonbank.com Phone(219) 879-0211Fax219-874-9305Employees910Year Founded1873Price Target and Rating Average Stock Price Target$12.50 High Stock Price Target$13.00 Low Stock Price Target$12.00 Potential Upside/Downside-23.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.54 Trailing P/E Ratio30.31 Forward P/E Ratio12.50 P/E GrowthN/ANet Income$27.98 million Net Margins5.50% Pretax Margin10.12% Return on Equity8.21% Return on Assets0.74% Debt Debt-to-Equity Ratio2.04 Current Ratio0.87 Quick Ratio0.87 Sales & Book Value Annual Sales$324.30 million Price / Sales2.23 Cash Flow$2.18 per share Price / Cash Flow7.52 Book Value$16.29 per share Price / Book1.00Miscellaneous Outstanding Shares44,120,000Free Float42,885,000Market Cap$722.24 million OptionableOptionable Beta1.05 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Thomas M. Prame (Age 54)CEO, President & Director Comp: $810.08kMr. Mark E. Secor CPA (Age 58)Executive VP, CFO, Chief Accounting Officer & Treasurer Comp: $450.25kMs. Kathie A. DeRuiter (Age 62)Executive VP & Senior Operations Officer Comp: $444.27kMr. Todd A. Etzler (Age 57)Executive VP, Chief Legal and Risk Officer & Corporate Secretary Comp: $351.66kMs. Lynn M. Kerber (Age 55)Executive VP & Chief Commercial Banking Officer Comp: $463.99kAmy PharesPublic Relations ManagerMr. Dennis J. Kuhn (Age 64)Regional President for Southwest Michigan Comp: $418.1kMore ExecutivesKey CompetitorsWashington Trust BancorpNASDAQ:WASHAllegiance BancsharesNASDAQ:ABTXConnectOne BancorpNASDAQ:CNOBLakeland BancorpNASDAQ:LBAIBryn Mawr BankNASDAQ:BMTCView All CompetitorsInstitutional OwnershipBank of New York Mellon CorpBought 12,357 shares on 7/26/2024Ownership: 0.774%AMI Investment Management Inc.Sold 1,704 shares on 7/25/2024Ownership: 0.025%Horizon Bancorp Inc. INSold 14,513 shares on 7/24/2024Ownership: 1.440%Harbour Trust & Investment Management CoSold 3,682 shares on 7/23/2024Ownership: 1.033%Elser Financial Planning IncBought 11,109 shares on 7/23/2024Ownership: 0.025%View All Institutional Transactions HBNC Stock Analysis - Frequently Asked Questions How have HBNC shares performed this year? Horizon Bancorp's stock was trading at $14.31 at the start of the year. Since then, HBNC stock has increased by 14.4% and is now trading at $16.37. View the best growth stocks for 2024 here. How were Horizon Bancorp's earnings last quarter? Horizon Bancorp, Inc. (NASDAQ:HBNC) released its earnings results on Wednesday, July, 24th. The financial services provider reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The financial services provider earned $97.47 million during the quarter, compared to analyst estimates of $55.03 million. Horizon Bancorp had a trailing twelve-month return on equity of 8.21% and a net margin of 5.50%. When did Horizon Bancorp's stock split? Horizon Bancorp's stock split on Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly issued shares were payable to shareholders after the market closes on Friday, June 15th 2018. An investor that had 100 shares of stock prior to the split would have 150 shares after the split. What is Craig M. Dwight's approval rating as Horizon Bancorp's CEO? 23 employees have rated Horizon Bancorp Chief Executive Officer Craig M. Dwight on Glassdoor.com. Craig M. Dwight has an approval rating of 86% among the company's employees. 76.0% of employees surveyed would recommend working at Horizon Bancorp to a friend. Who are Horizon Bancorp's major shareholders? Horizon Bancorp's top institutional investors include Horizon Bancorp Inc. IN (1.44%), Harbour Trust & Investment Management Co (1.03%), Bank of New York Mellon Corp (0.77%) and Indiana Trust & Investment Management CO (0.17%). Insiders that own company stock include Craig M Dwight, Susan D Aaron, Todd A Etzler, James D Neff and Kathie A Deruiter. View institutional ownership trends. How do I buy shares of Horizon Bancorp? Shares of HBNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Horizon Bancorp own? Based on aggregate information from My MarketBeat watchlists, some other companies that Horizon Bancorp investors own include Altria Group (MO), AT&T (T), AllianceBernstein (AB), ONEOK (OKE), AbbVie (ABBV), Enbridge (ENB) and Enterprise Products Partners (EPD). This page (NASDAQ:HBNC) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredRare signal predicts 50% market drop - before electionThe market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED w...Behind the Markets | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. 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