NASDAQ:HBNC Horizon Bancorp (HBNC) Stock Forecast, Price & News $9.06 +0.17 (+1.91%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$8.79▼$9.2650-Day Range$7.75▼$11.1052-Week Range$7.69▼$20.64Volume198,924 shsAverage Volume277,857 shsMarket Capitalization$399.69 millionP/E Ratio4.49Dividend Yield7.06%Price Target$16.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Horizon Bancorp MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside82.1% Upside$16.50 Price TargetShort InterestHealthy1.96% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.61Upright™ Environmental ScoreNews Sentiment0.51Based on 3 Articles This WeekInsider TradingAcquiring Shares$10,285 Bought Last QuarterProj. Earnings Growth-1.29%From $1.55 to $1.53 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.93 out of 5 starsFinance Sector273rd out of 1,786 stocksState Commercial Banks Industry93rd out of 374 stocks 3.3 Analyst's Opinion Consensus RatingHorizon Bancorp has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.50, Horizon Bancorp has a forecasted upside of 82.1% from its current price of $9.06.Amount of Analyst CoverageHorizon Bancorp has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.96% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Horizon Bancorp has recently increased by 13.96%, indicating that investor sentiment is decreasing significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipHorizon Bancorp is a leading dividend payer. It pays a dividend yield of 6.88%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHorizon Bancorp has been increasing its dividend for 12 years.Dividend CoverageThe dividend payout ratio of Horizon Bancorp is 31.68%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Horizon Bancorp will have a dividend payout ratio of 41.83% next year. This indicates that Horizon Bancorp will be able to sustain or increase its 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 2.0 News and Social Media Coverage News SentimentHorizon Bancorp has a news sentiment score of 0.51. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Horizon Bancorp this week, compared to 3 articles on an average week.MarketBeat Follows4 people have added Horizon Bancorp to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Horizon Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $10,285.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 3.01% of the stock of Horizon Bancorp is held by insiders.Percentage Held by Institutions56.13% of the stock of Horizon Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Horizon Bancorp are expected to decrease by -1.29% in the coming year, from $1.55 to $1.53 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Horizon Bancorp is 4.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.67.Price to Earnings Ratio vs. SectorThe P/E ratio of Horizon Bancorp is 4.49, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 158.84.Price to Book Value per Share RatioHorizon Bancorp has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Horizon Bancorp (NASDAQ:HBNC) StockHorizon Bancorp, Inc. (Indiana) is a bank holding company, which engages in the provision of commercial and retail banking services. It offers personal banking, business banking, investment and trust, and mortgage services. The company was founded in 1873 and is headquartered in Michigan City, IN.Read More 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 HBNC Stock News HeadlinesMay 31, 2023 | msn.comWhy TD Bank's Failed Acquisition of First Horizon Corp May Have Come at a Good TimeMay 31, 2023 | americanbankingnews.comHorizon Bancorp, Inc. (NASDAQ:HBNC) Sees Significant Growth in Short InterestJune 1, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 25, 2023 | americanbankingnews.comHorizon Bancorp, Inc. (NASDAQ:HBNC) Receives Consensus Rating of "Hold" from BrokeragesMay 24, 2023 | msn.comHorizon Bancorp: Attractive Dividend Yield And Upside, But Negative Earnings OutlookMay 20, 2023 | seekingalpha.comHBNC Horizon Bancorp, Inc.May 16, 2023 | benzinga.comINVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in Horizon Bancorp, Inc. with Losses of $100,000 to Contact the FirmMay 16, 2023 | marketwatch.comThe Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of RAD, MPW and HBNCJune 1, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 15, 2023 | finance.yahoo.comWith 60% ownership, Horizon Bancorp, Inc. (NASDAQ:HBNC) boasts of strong institutional backingMay 15, 2023 | americanbankingnews.comHorizon Bancorp, Inc. (NASDAQ:HBNC) Short Interest UpdateMay 12, 2023 | marketwatch.comSHAREHOLDER ALERT: HBNC TSE LPSN: The Law Offices of Vincent Wong Reminds Investors of Important Class Action DeadlinesMay 11, 2023 | marketwatch.comThe Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of GOOGL, RAD and HBNCMay 6, 2023 | americanbankingnews.comTodd A. Etzler Acquires 1,100 Shares of Horizon Bancorp, Inc. (NASDAQ:HBNC) StockMay 5, 2023 | morningstar.comHBNC Investors Have Opportunity to Lead Horizon Bancorp, Inc. Securities Fraud LawsuitMay 4, 2023 | morningstar.com(HBNC) Deadline Alert: Johnson Fistel Urges Shareholders to Join Horizon Bancorp Class Action LawsuitMay 3, 2023 | marketwatch.comSHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Horizon Bancorp, Inc. with Losses of $100,000 to Contact the FirmMay 1, 2023 | benzinga.comHORIZON BANCORP INVESTOR ALERT: Kaplan Fox & Kilsheimer LLP Notifies Horizon Bancorp Investors of a Class Action Lawsuit and Upcoming DeadlineApril 30, 2023 | americanbankingnews.comHorizon Bancorp, Inc. (NASDAQ:HBNC) Receives Average Rating of "Hold" from BrokeragesApril 29, 2023 | marketwatch.comINVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in Horizon Bancorp, Inc. with Losses of $100,000 to Contact the FirmApril 28, 2023 | technews.tmcnet.comKirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Horizon Bancorp, Inc. (HBNC) InvestorsApril 28, 2023 | benzinga.comHorizon Shareholder NoticeApril 28, 2023 | benzinga.comHBNC LAWSUIT ALERT: Levi & Korsinsky Reminds Horizon Bancorp, Inc. Investors of a Class Action Lawsuit and Upcoming DeadlineApril 28, 2023 | msn.comStephens & Co. Reiterates Horizon Bancorp Inc (HBNC) Overweight RecommendationApril 27, 2023 | finance.yahoo.comHorizon Bancorp (HBNC) Q1 Earnings Top EstimatesApril 27, 2023 | finance.yahoo.comHorizon Bancorp (HBNC) Q1 Earnings: Taking a Look at Key Metrics Versus EstimatesApril 26, 2023 | finance.yahoo.comHorizon Bancorp, Inc. Reports First Quarter 2023 ResultsSee More Headlines HBNC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HBNC Company Calendar Last Earnings10/26/2021Ex-Dividend for 4/21 Dividend4/05/2023Dividend Payable4/21/2023Today6/01/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:HBNC CUSIP44040710 CIK706129 Webwww.horizonbank.com Phone(219) 879-0211Fax219-874-9305Employees843Year Founded1873Price Target and Rating Average Stock Price Forecast$16.50 High Stock Price Forecast$18.00 Low Stock Price Forecast$13.00 Forecasted Upside/Downside+82.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.02 Trailing P/E Ratio4.49 Forward P/E Ratio5.85 P/E GrowthN/ANet Income$93.41 million Net Margins29.11% Pretax Margin32.59% Return on Equity13.09% Return on Assets1.13% Debt Debt-to-Equity Ratio0.17 Current Ratio0.62 Quick Ratio0.62 Sales & Book Value Annual Sales$283.48 million Price / Sales1.41 Cash Flow$2.63 per share Price / Cash Flow3.44 Book Value$15.93 per share Price / Book0.57Miscellaneous Outstanding Shares44,120,000Free Float42,788,000Market Cap$399.73 million OptionableOptionable Beta0.89 Social Links Key ExecutivesCraig M. DwightChairman & Chief Executive OfficerThomas M. PramePresidentMark E. SecorChief Financial Officer & Executive Vice PresidentKathie A. DeruiterExecutive Vice PresidentTodd A. EtzlerSecretary, Executive VP & General CounselKey CompetitorsCentral Pacific FinancialNYSE:CPFFirst FinancialNASDAQ:THFFMercantile BankNASDAQ:MBWMWashington Trust BancorpNASDAQ:WASHFarmers National BancNASDAQ:FMNBView All CompetitorsInsiders & InstitutionsBrandywine Global Investment Management LLCBought 264,847 shares on 5/25/2023Ownership: 0.683%Ameriprise Financial Inc.Sold 22,353 shares on 5/22/2023Ownership: 0.232%JPMorgan Chase & Co.Sold 15,583 shares on 5/18/2023Ownership: 0.133%New York State Common Retirement FundSold 5,785 shares on 5/18/2023Ownership: 0.056%Thrivent Financial for LutheransBought 30,049 shares on 5/17/2023Ownership: 0.220%View All Insider TransactionsView All Institutional Transactions HBNC Stock - Frequently Asked Questions Should I buy or sell Horizon Bancorp stock right now? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HBNC shares. View HBNC analyst ratings or view top-rated stocks. What is Horizon Bancorp's stock price forecast for 2023? 4 analysts have issued 1-year price objectives for Horizon Bancorp's stock. Their HBNC share price forecasts range from $13.00 to $18.00. On average, they expect the company's stock price to reach $16.50 in the next year. This suggests a possible upside of 82.1% 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 2023? Horizon Bancorp's stock was trading at $15.08 at the start of the year. Since then, HBNC stock has decreased by 39.9% and is now trading at $9.06. View the best growth stocks for 2023 here. Are investors shorting Horizon Bancorp? Horizon Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 834,900 shares, an increase of 14.0% from the April 30th total of 732,600 shares. Based on an average trading volume of 350,500 shares, the short-interest ratio is presently 2.4 days. Approximately 2.0% of the company's shares are sold short. 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, July 26th 2023. View our HBNC earnings forecast. How were Horizon Bancorp's earnings last quarter? Horizon Bancorp, Inc. (NASDAQ:HBNC) announced its earnings results on Tuesday, October, 26th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.08. The financial services provider earned $62.59 million during the quarter, compared to analyst estimates of $59.43 million. Horizon Bancorp had a net margin of 29.11% and a trailing twelve-month return on equity of 13.09%. During the same quarter in the previous year, the company posted $0.45 earnings per share. How often does Horizon Bancorp pay dividends? What is the dividend yield for Horizon Bancorp? Horizon Bancorp announced a quarterly dividend on Tuesday, March 21st. Stockholders of record on Friday, April 7th will be given a dividend of $0.16 per share on Friday, April 21st. This represents a $0.64 annualized dividend and a yield of 7.06%. The ex-dividend date is Wednesday, April 5th. Read our dividend analysis for HBNC. What ETFs hold Horizon Bancorp's stock? ETFs with the largest weight of Horizon Bancorp (NASDAQ:HBNC) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR S&P Regional Banking ETF (KRE).Direxion Daily Regional Banks Bull 3x Shares (DPST), 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 6.88%. HBNC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 31.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBNC will have a dividend payout ratio of 41.83% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for HBNC. When did Horizon Bancorp's stock split? Shares of Horizon Bancorp split on Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly created 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). What is Horizon Bancorp's stock symbol? Horizon Bancorp trades on the NASDAQ under the ticker symbol "HBNC." Who are Horizon Bancorp's major shareholders? Horizon Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.03%), Dimensional Fund Advisors LP (5.62%), PL Capital Advisors LLC (3.68%), State Street Corp (2.59%), Geode Capital Management LLC (1.79%) and Horizon Bancorp Inc. IN (1.64%). Insiders that own company stock include Craig M Dwight, Dennis Kuhn, James D Neff, Kathie A Deruiter, Mark E Secor, Michele M Magnuson 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 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 $9.06. How much money does Horizon Bancorp make? Horizon Bancorp (NASDAQ:HBNC) has a market capitalization of $399.73 million and generates $283.48 million in revenue each year. The financial services provider earns $93.41 million in net income (profit) each year or $2.02 on an earnings per share basis. How many employees does Horizon Bancorp have? The company employs 843 workers across the globe. How can I contact Horizon Bancorp? Horizon Bancorp's mailing address is 515 FRANKLIN STREET, MICHIGAN CITY IN, 46360. The official website for the company 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 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Horizon Bancorp, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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