Horizon Bancorp Company Profile (NASDAQ:HBNC)

About Horizon Bancorp (NASDAQ:HBNC)

Horizon Bancorp logoHorizon Bancorp is a bank holding company. The Company provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities and Horizon Risk Management, Inc. The Company operates through commercial banking segment. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company. LSB Risk Management, Inc. is a captive insurance company. As of December 31, 2016, the Bank had maintained 56 full service offices, and three loan and deposit production offices. The Bank's loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Northeast Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:HBNC
  • CUSIP: 44040710
  • Web: www.horizonbank.com
Capitalization:
  • Market Cap: $567.04 million
  • Outstanding Shares: 22,176,000
Average Prices:
  • 50 Day Moving Avg: $26.19
  • 200 Day Moving Avg: $26.14
  • 52 Week Range: $15.83 - $28.63
P/E:
  • Trailing P/E Ratio: 20.23
  • Foreward P/E Ratio: 13.39
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $128.41 million
  • Price / Sales: 4.42
  • Book Value: $15.72 per share
  • Price / Book: 1.63
Dividend:
  • Annual Dividend: $0.44
  • Dividend Yield: 1.8%
Profitability:
  • Net Margins: 16.55%
  • Return on Equity: 9.86%
  • Return on Assets: 0.99%
Debt:
  • Debt-to-Equity Ratio: 1.76%
  • Current Ratio: 0.98%
  • Quick Ratio: 0.97%
Misc:
  • Average Volume: 55,744 shs.
  • Beta: 0.79
  • Short Ratio: 2.51
 

Frequently Asked Questions for Horizon Bancorp (NASDAQ:HBNC)

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 declared a quarterly dividend on Thursday, March 23rd. Shareholders of record on Friday, April 7th will be given a dividend of $0.11 per share on Friday, April 21st. This represents a $0.44 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Wednesday, April 5th. View Horizon Bancorp's Dividend History.

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

Shares of Horizon Bancorp split on the morning of Tuesday, November 15th 2016. The 3-2 split was announced on Wednesday, October 19th 2016. The newly minted shares were issued to shareholders after the closing bell on Monday, November 14th 2016. 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 (NASDAQ:HBNC) released its earnings results on Tuesday, April, 25th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.07. The business had revenue of $33.13 million for the quarter, compared to the consensus estimate of $34.97 million. Horizon Bancorp had a net margin of 16.55% and a return on equity of 9.86%. View Horizon Bancorp's Earnings History.

Where is Horizon Bancorp's stock going? Where will Horizon Bancorp's stock price be in 2017?

3 brokers have issued 1-year price objectives for Horizon Bancorp's stock. Their forecasts range from $22.33 to $29.00. On average, they anticipate Horizon Bancorp's stock price to reach $26.11 in the next year. View Analyst Ratings for Horizon Bancorp.

Are investors shorting Horizon Bancorp?

Horizon Bancorp saw a decrease in short interest during the month of April. As of April 13th, there was short interest totalling 161,508 shares, a decrease of 6.0% from the March 31st total of 171,817 shares. Based on an average daily trading volume, of 68,498 shares, the short-interest ratio is currently 2.4 days.

Who are some of Horizon Bancorp's key competitors?

Who owns Horizon Bancorp stock?

Horizon Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (4.14%), Vanguard Group Inc. (3.86%), Dimensional Fund Advisors LP (2.58%), Renaissance Technologies LLC (1.31%), Foundry Partners LLC (1.05%) and Geode Capital Management LLC (0.74%). Company insiders that own Horizon Bancorp stock include Craig M Dwight, David G Rose, James D Neff, Kathie A Deruiter, Mark E Secor, Maurice F Winkler III, Steven William Reed and Thomas H Edwards. View Institutional Ownership Trends for Horizon Bancorp.

Who sold Horizon Bancorp stock? Who is selling Horizon Bancorp stock?

Horizon Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Tradition Capital Management LLC, Eidelman Virant Capital, Morgan Stanley, JPMorgan Chase & Co., Prudential Financial Inc., LSV Asset Management, Victory Capital Management Inc. and Wells Fargo & Company MN. Company insiders that have sold Horizon Bancorp stock in the last year include Craig M Dwight, David G Rose, Kathie A Deruiter and Thomas H Edwards. View Insider Buying and Selling for Horizon Bancorp.

Who bought Horizon Bancorp stock? Who is buying Horizon Bancorp stock?

Horizon Bancorp's stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Renaissance Technologies LLC, Stephens Inc. AR, Pacific Ridge Capital Partners LLC, Cornerstone Capital Management Holdings LLC., Vanguard Group Inc., Catalyst Capital Advisors LLC and Bank of New York Mellon Corp. Company insiders that have bought Horizon Bancorp stock in the last two years include James D Neff, Maurice F Winkler III and Steven William Reed. View Insider Buying and Selling for Horizon Bancorp.

How do I buy Horizon Bancorp stock?

Shares of Horizon Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Horizon Bancorp stock cost?

One share of Horizon Bancorp stock can currently be purchased for approximately $25.57.

Analyst Ratings

Consensus Ratings for Horizon Bancorp (NASDAQ:HBNC) (?)
Ratings Breakdown: 3 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $26.11 (2.12% upside)

Analysts' Ratings History for Horizon Bancorp (NASDAQ:HBNC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/26/2017Keefe, Bruyette & WoodsReiterated RatingBuy$29.00LowView Rating Details
12/5/2016StephensSet Price TargetBuy$27.00N/AView Rating Details
10/6/2016Piper Jaffray CompaniesInitiated CoverageOverweight$22.33N/AView Rating Details
3/14/2016FIG PartnersUpgradeMarket Perform -> OutperformN/AView Rating Details
1/27/2016Raymond James Financial, Inc.Lower Price TargetOutperform$18.67N/AView Rating Details
1/7/2016Sandler O'NeillDowngradeBuy -> HoldN/AView Rating Details
(Data available from 5/24/2015 forward)

Earnings

Earnings History for Horizon Bancorp (NASDAQ:HBNC)
Earnings by Quarter for Horizon Bancorp (NASDAQ:HBNC)
Earnings History by Quarter for Horizon Bancorp (NASDAQ:HBNC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/25/2017Q1 2017$0.41$0.34$34.97 million$33.13 millionViewN/AView Earnings Details
1/25/2017Q4 2016$0.32$0.38$34.40 million$31.12 millionViewN/AView Earnings Details
7/27/2016Q2$0.55$0.57$29.36 million$30.74 millionViewN/AView Earnings Details
4/25/2016Q1$0.52$0.44$27.78 million$27.64 millionViewN/AView Earnings Details
1/25/2016Q415$0.59$0.50$27.92 million$27.97 millionViewN/AView Earnings Details
10/22/2015Q3$0.57$0.56$28.62 million$28.18 millionViewN/AView Earnings Details
7/23/2015Q2$0.56$0.48$24.29 million$25.04 millionViewN/AView Earnings Details
4/22/2015Q115$0.50$0.48$23.21 million$23.95 millionViewN/AView Earnings Details
1/22/2015Q414$0.55$0.51$23.24 million$23.26 millionViewN/AView Earnings Details
10/22/2014Q3$0.54$0.51$23.79 millionViewN/AView Earnings Details
7/23/2014Q214$0.49$0.50$21.59 million$23.42 millionViewN/AView Earnings Details
4/21/2014Q114$0.42$0.40$20.12 million$18.79 millionViewN/AView Earnings Details
1/23/2013Q412$0.59$0.56$22.80 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Horizon Bancorp (NASDAQ:HBNC)
2017 EPS Consensus Estimate: $1.62
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.39$0.39$0.39
Q2 20171$0.38$0.38$0.38
Q3 20171$0.43$0.43$0.43
Q4 20171$0.42$0.42$0.42
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Horizon Bancorp (NASDAQ:HBNC)
Most Recent Dividend:4/21/2017
Annual Dividend:$0.44
Dividend Yield:1.72%
Payout Ratio:36.97% (Trailing 12 Months of Earnings)
25.58% (Based on This Year's Estimates)
23.04% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Horizon Bancorp (NASDAQ:HBNC)

Dividend History by Quarter for Horizon Bancorp (NASDAQ:HBNC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/23/2017Quarterly$0.111.75%4/5/20174/7/20174/21/2017
12/23/2016quarterly$0.111.59%1/4/20171/6/20171/20/2017
9/23/2016Quarterly$0.152.09%10/5/201610/7/201610/21/2016
6/27/2016quarterly$0.152.49%7/6/20167/8/20167/22/2016
3/22/2016quarterly$0.152.41%4/6/20164/8/20164/22/2016
12/21/2015quarterly$0.152.17%1/6/20161/8/20161/22/2016
9/18/2015quarterly$0.152.42%9/30/201510/2/201510/16/2015
6/22/2015quarterly$0.142.24%6/24/20156/26/20157/10/2015
3/23/2015quarterly$0.142.42%3/31/20154/3/20154/17/2015
12/19/2014quarterly$0.142.12%12/30/20141/2/20151/16/2015
9/19/2014quarterly$0.132.29%10/1/201410/3/201410/17/2014
6/23/2014quarterly$0.132.43%7/1/20147/3/20147/18/2014
3/26/2014quarterly$0.112%4/2/20144/4/20144/18/2014
12/23/2013quarterly$0.111.73%12/31/20131/3/20141/17/2014
9/20/2013quarterly$0.111.91%10/2/201310/4/201310/18/2013
6/24/2013quarterly$0.102%6/26/20136/28/20137/12/2013
3/27/2013quarterly$0.101.96%4/3/20134/5/20134/19/2013
12/17/2012quarterly$0.102.08%12/20/201212/24/201212/31/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Horizon Bancorp (NASDAQ:HBNC)
Insider Ownership Percentage: 7.70%
Institutional Ownership Percentage: 28.53%
Insider Trades by Quarter for Horizon Bancorp (NASDAQ:HBNC)
Institutional Ownership by Quarter for Horizon Bancorp (NASDAQ:HBNC)
Insider Trades by Quarter for Horizon Bancorp (NASDAQ:HBNC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/10/2017Kathie A. DeruiterInsiderSell735$25.52$18,757.20View SEC Filing  
1/31/2017Maurice F Winkler IIIDirectorBuy8,000$25.55$204,400.00View SEC Filing  
12/14/2016David G RoseInsiderSell9,750$25.79$251,452.50View SEC Filing  
12/8/2016Craig M DwightInsiderSell10,000$25.93$259,300.00View SEC Filing  
12/6/2016Thomas H EdwardsInsiderSell11,575$25.38$293,773.50View SEC Filing  
8/16/2016Thomas H EdwardsInsiderSell10,000$27.65$276,500.00View SEC Filing  
6/1/2016Craig M DwightCEOSell10,000$24.67$246,700.00View SEC Filing  
5/20/2016Thomas H EdwardsEVPSell2,000$24.00$48,000.00View SEC Filing  
5/2/2016James D NeffEVPBuy1,674$24.67$41,297.58View SEC Filing  
5/2/2016Steven William ReedDirectorBuy2,211$24.41$53,970.51View SEC Filing  
4/29/2016Kathie A DeruiterEVPSell1,000$24.40$24,400.00View SEC Filing  
4/29/2016Mark E SecorCFOSell3,000$24.39$73,170.00View SEC Filing  
11/2/2015David G. RoseEVPSell3,500$26.28$91,980.00View SEC Filing  
10/30/2015David G. RoseEVPSell3,500$26.68$93,380.00View SEC Filing  
9/1/2015Kathie A. DeruiterinsiderSell2,250$23.55$52,987.50View SEC Filing  
6/3/2015Craig M DwightCEOSell15,697$23.97$376,257.09View SEC Filing  
5/21/2015Mark E SecorEVPSell5,400$24.28$131,112.00View SEC Filing  
5/4/2015James D NeffEVPBuy1,500$23.25$34,875.00View SEC Filing  
2/26/2015Robert E SwinehartDirectorBuy1,000$22.62$22,620.00View SEC Filing  
8/6/2014Daniel F HoppDirectorBuy4,810$21.69$104,328.90View SEC Filing  
6/13/2014David G RoseEVPBuy1,388$21.81$30,272.28View SEC Filing  
5/29/2014Thomas H EdwardsEVPSell1,937$21.93$42,478.41View SEC Filing  
5/21/2014Peter PairitzDirectorBuy5,000$19.75$98,750.00View SEC Filing  
5/2/2014James NeffEVPBuy1,500$20.20$30,300.00View SEC Filing  
4/29/2014Robert SwinehartDirectorBuy1,000$20.25$20,250.00View SEC Filing  
4/25/2014Lawrence BurnellDirectorBuy1,000$20.50$20,500.00View SEC Filing  
4/24/2014Robert SwinehartDirectorBuy1,000$20.45$20,450.00View SEC Filing  
1/31/2014James NeffEVPBuy1,000$22.30$22,300.00View SEC Filing  
4/23/2013James D NeffInsiderBuy1,500$19.39$29,085.00View SEC Filing  
4/23/2013Peter L PairitzDirectorBuy4,000$19.41$77,640.00View SEC Filing  
2/22/2013Robert E SwinehartDirectorBuy1,000$20.40$20,400.00View SEC Filing  
2/6/2013Daniel F HoppDirectorBuy5,000$20.09$100,450.00View SEC Filing  
12/13/2012Susan D AaronDirectorBuy1,336$19.01$25,397.36View SEC Filing  
11/21/2012James D NeffInsiderBuy2,500$17.50$43,750.00View SEC Filing  
11/19/2012Spero W ValavanisDirectorBuy2,000$17.00$34,000.00View SEC Filing  
11/13/2012Larry N MiddletonDirectorBuy2,682$18.09$48,517.38View SEC Filing  
11/2/2012Craig M DwightCEOSell11,500$28.98$333,270.00View SEC Filing  
10/31/2012Daniel F HoppDirectorBuy1,500$29.05$43,575.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Horizon Bancorp (NASDAQ:HBNC)
Latest Headlines for Horizon Bancorp (NASDAQ:HBNC)
Source:
DateHeadline
finance.yahoo.com logoHorizon Bancorp (Indiana) breached its 50 day moving average in a Bearish Manner : HBNC-US : May 15, 2017
finance.yahoo.com - May 15 at 11:09 AM
bizjournals.com logoIndiana bank expanding to Central Ohio, with local banking veteran to lead office
www.bizjournals.com - May 8 at 5:19 PM
americanbankingnews.com logoHorizon Bancorp (HBNC) Short Interest Down 6.0% in April
www.americanbankingnews.com - May 5 at 12:24 PM
nasdaq.com logoHorizon Announces Expansion into Central Ohio
www.nasdaq.com - May 4 at 5:46 PM
americanbankingnews.com logoHorizon Bancorp (HBNC) Receiving Somewhat Positive Press Coverage, Analysis Finds
www.americanbankingnews.com - May 4 at 1:23 AM
americanbankingnews.com logo$0.41 EPS Expected for Horizon Bancorp (HBNC) This Quarter
www.americanbankingnews.com - May 1 at 10:08 PM
americanbankingnews.com logoHorizon Bancorp (HBNC) Earning Somewhat Favorable Press Coverage, Analysis Finds
www.americanbankingnews.com - April 30 at 12:45 AM
americanbankingnews.com logoZacks Investment Research Downgrades Horizon Bancorp (HBNC) to Hold
www.americanbankingnews.com - April 29 at 1:11 AM
americanbankingnews.com logoFIG Partners Weighs in on Horizon Bancorp's Q2 2017 Earnings (HBNC)
www.americanbankingnews.com - April 28 at 9:42 AM
americanbankingnews.com logoSomewhat Positive Press Coverage Very Likely to Impact Horizon Bancorp (HBNC) Stock Price
www.americanbankingnews.com - April 26 at 8:36 PM
finance.yahoo.com logoHorizon Bancorp Announces 2017 First Quarter Earnings
finance.yahoo.com - April 26 at 7:43 PM
finance.yahoo.com logoHorizon Bancorp posts 1Q profit
finance.yahoo.com - April 26 at 7:43 PM
americanbankingnews.com logoHorizon Bancorp (HBNC) Posts Earnings Results, Misses Expectations By $0.07 EPS
www.americanbankingnews.com - April 26 at 3:52 PM
finance.yahoo.com logoHorizon Bancorp (Indiana) breached its 50 day moving average in a Bullish Manner : HBNC-US : April 21, 2017
finance.yahoo.com - April 21 at 3:22 PM
americanbankingnews.com logoHorizon Bancorp (HBNC) Given Daily Media Sentiment Score of -0.12
www.americanbankingnews.com - April 18 at 6:49 PM
finance.yahoo.com logoHorizon Bancorp (Indiana) : HBNC-US: Dividend Analysis : April 07th, 2017 (record date) : By the numbers : April 14, 2017
finance.yahoo.com - April 14 at 5:41 PM
americanbankingnews.com logoSomewhat Negative Press Coverage Likely to Impact Horizon Bancorp (HBNC) Stock Price
www.americanbankingnews.com - April 14 at 4:12 PM
americanbankingnews.com logoZacks: Brokerages Expect Horizon Bancorp (HBNC) to Post $0.39 EPS
www.americanbankingnews.com - April 10 at 4:14 PM
finance.yahoo.com logoHorizon Bancorp (Indiana) breached its 50 day moving average in a Bearish Manner : HBNC-US : April 4, 2017
finance.yahoo.com - April 7 at 10:13 AM
americanbankingnews.com logoHorizon Bancorp (HBNC) Upgraded to "Buy" at Zacks Investment Research
www.americanbankingnews.com - April 4 at 12:37 AM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - March 27 at 11:16 AM
americanbankingnews.com logoHorizon Bancorp (HBNC) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - March 25 at 8:55 PM
americanbankingnews.com logoHorizon Bancorp (hbnc) Plans $0.11 Quarterly Dividend
www.americanbankingnews.com - March 24 at 1:25 PM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 10-K, Annual Report
biz.yahoo.com - March 1 at 12:04 PM
finance.yahoo.com logoHorizon Bank Consolidates Branch in Bargersville Indiana
finance.yahoo.com - February 6 at 5:40 PM
finance.yahoo.com logoHorizon Bancorp Announces Record 2016 Net Income
finance.yahoo.com - January 25 at 7:02 PM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi
biz.yahoo.com - January 25 at 7:02 PM
finance.yahoo.com logo4 Reasons to Buy Horizon Bancorp (HBNC) Stock Right Now
finance.yahoo.com - December 30 at 6:02 PM
finance.yahoo.com logo3 Reasons Why Horizon Bancorp (HBNC) is a Great Momentum Stock
finance.yahoo.com - December 28 at 11:05 AM
streetinsider.com logoHorizon Bancorp (HBNC) Raises Quarterly Dividend 10% to $0.11; 1.6% Yield
www.streetinsider.com - December 22 at 10:53 PM
us.rd.yahoo.com logoHorizon Bancorp (HBNC): Strong Industry, Solid Earnings Estimate Revisions
us.rd.yahoo.com - December 22 at 5:53 PM
finance.yahoo.com logo12:57 pm Horizon Bancorp increases quarterly dividend to $0.11/share from $0.10/share
finance.yahoo.com - December 22 at 5:53 PM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits
biz.yahoo.com - December 22 at 5:53 PM
finance.yahoo.com logoCommunity Bank to Acquire Northeast Retirement Services
finance.yahoo.com - December 7 at 10:21 AM
us.rd.yahoo.com logoHorizon Bancorp Announces Balance Sheet Restructuring Transaction
us.rd.yahoo.com - November 30 at 5:49 PM
us.rd.yahoo.com logo4:46 pm Horizon Bancorp announced a series of balance sheet restructuring transactions expected to improve overall financial position
us.rd.yahoo.com - November 30 at 5:49 PM
finance.yahoo.com logoHORIZON BANCORP /IN/ Financials
finance.yahoo.com - November 17 at 4:54 PM
biz.yahoo.com logoSplits Calendar: Horizon Bancorp splits before market open today (3:2 ratio)
biz.yahoo.com - November 15 at 8:49 AM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - November 9 at 4:58 PM

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Chart

Horizon Bancorp (HBNC) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by MarketBeat.com Staff