Horizon Bancorp (HBNC) Stock Forecast, Price & News

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.
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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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our HBNC earnings forecast.

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.

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.

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),

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.

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.

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.

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).

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

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.
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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.
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One share of HBNC stock can currently be purchased for approximately $9.06.

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.

The company employs 843 workers across the globe.

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.