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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Lithium Overdose: Can These 2 Lithium Stocks Recover in 2024?
'Civil War’ continues box-office campaign at No. 1
Wegovy vs. Zepbound: Who Wins the Battle of the GLP-1 Drugs?
Intuitive Surgical Leads the Robotic Surgery Movement
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Lithium Overdose: Can These 2 Lithium Stocks Recover in 2024?
'Civil War’ continues box-office campaign at No. 1
Wegovy vs. Zepbound: Who Wins the Battle of the GLP-1 Drugs?
Intuitive Surgical Leads the Robotic Surgery Movement
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Lithium Overdose: Can These 2 Lithium Stocks Recover in 2024?
'Civil War’ continues box-office campaign at No. 1
Wegovy vs. Zepbound: Who Wins the Battle of the GLP-1 Drugs?
Intuitive Surgical Leads the Robotic Surgery Movement
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
NASDAQ:HBNC

Horizon Bancorp (HBNC) Stock Price, News & Analysis

$11.84
+0.42 (+3.68%)
(As of 04/19/2024 08:50 PM ET)
Today's Range
$11.36
$11.92
50-Day Range
$11.29
$12.83
52-Week Range
$7.69
$14.71
Volume
232,500 shs
Average Volume
160,371 shs
Market Capitalization
$522.26 million
P/E Ratio
18.50
Dividend Yield
5.41%
Price Target
$13.00

Horizon Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
9.8% Upside
$13.00 Price Target
Short Interest
Healthy
1.70% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.61
Upright™ Environmental Score
News Sentiment
0.63mentions of Horizon Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.29%
From $1.33 to $1.52 Per Share

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.

4.19 out of 5 stars

Finance Sector

265th out of 849 stocks

State Commercial Banks Industry

59th out of 179 stocks

HBNC stock logo

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.

HBNC Stock Price History

HBNC Stock News Headlines

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
KBW Sticks to Their Hold Rating for Horizon Bancorp (HBNC)
Horizon Bank Appoints David Pendley President of Mortgage Banking
Horizon Bancorp Inc.
Horizon Bancorp: All In All, A Positive Q4 2023
Horizon Bancorp: Q4 Earnings Insights
See More Headlines
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Company Calendar

Last Earnings
1/24/2024
Ex-Dividend for 4/19 Dividend
4/04/2024
Dividend Payable
4/19/2024
Today
4/22/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:HBNC
CUSIP
44040710
Employees
818
Year Founded
1873

Price Target and Rating

Average Stock Price Target
$13.00
High Stock Price Target
$14.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+9.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$27.98 million
Pretax Margin
12.02%

Debt

Sales & Book Value

Annual Sales
$324.30 million
Cash Flow
$2.01 per share
Book Value
$16.29 per share

Miscellaneous

Free Float
42,880,000
Market Cap
$522.26 million
Optionable
Optionable
Beta
1.02

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HBNC Stock Analysis - Frequently Asked Questions

Should I buy or sell Horizon Bancorp stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HBNC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HBNC, but not buy additional shares or sell existing shares.
View HBNC analyst ratings
or view top-rated stocks.

What is Horizon Bancorp's stock price target for 2024?

3 Wall Street analysts have issued 12-month price targets for Horizon Bancorp's shares. Their HBNC share price targets range from $12.00 to $14.00. On average, they anticipate the company's share price to reach $13.00 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price.
View analysts price targets for HBNC
or view top-rated stocks among Wall Street analysts.

How have HBNC shares performed in 2024?

Horizon Bancorp's stock was trading at $14.31 at the beginning of 2024. Since then, HBNC stock has decreased by 17.3% and is now trading at $11.84.
View the best growth stocks for 2024 here
.

Are investors shorting Horizon Bancorp?

Horizon Bancorp saw a decline in short interest in March. As of March 31st, there was short interest totaling 726,900 shares, a decline of 7.8% from the March 15th total of 788,100 shares. Based on an average daily volume of 161,500 shares, the short-interest ratio is currently 4.5 days. Approximately 1.7% of the company's stock are short sold.
View Horizon Bancorp's Short Interest
.

When is Horizon Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our HBNC earnings forecast
.

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

Horizon Bancorp will be holding an earnings conference call on Thursday, April 25th 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 "4319315".

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp, Inc. (NASDAQ:HBNC) announced its quarterly earnings data on Wednesday, January, 24th. The financial services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The financial services provider had revenue of $21.81 million for the quarter, compared to analysts' expectations of $51.50 million. Horizon Bancorp had a net margin of 8.63% and a trailing twelve-month return on equity of 9.42%.

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

Horizon Bancorp declared a quarterly dividend on Tuesday, March 19th. Investors of record on Friday, April 5th will be paid a dividend of $0.16 per share on Friday, April 19th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, April 4th.
Read our dividend analysis for HBNC
.

Is Horizon Bancorp a good dividend stock?

Horizon Bancorp (NASDAQ:HBNC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 5.41%. HBNC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HBNC will have a dividend payout ratio of 42.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBNC.

What ETF holds Horizon Bancorp's stock?

RiverFront Dynamic US Dividend Advantage ETF holds 49,719 shares of HBNC stock, representing 0.76% of its portfolio.

When did Horizon Bancorp's stock split?

Horizon Bancorp shares split before market open on Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly issued shares were issued 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.

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).

Who are Horizon Bancorp's major shareholders?

Horizon Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include Horizon Bancorp Inc. IN (1.47%), Indiana Trust & Investment Management CO (0.18%) and Capital Asset Advisory Services LLC (0.04%). Insiders that own company stock include Craig M Dwight, James D Neff, Kathie A Deruiter, Susan D Aaron and Todd A Etzler.
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.

This page (NASDAQ:HBNC) was last updated on 4/22/2024 by MarketBeat.com Staff

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