Horizon Bancorp Company Profile (NASDAQ:HBNC)

About Horizon Bancorp

Horizon Bancorp logoHorizon Bancorp is a bank holding company. The Company provides a range of banking services in Northwestern and Central Indiana and Southwestern Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank), and other affiliated entities and Horizon Risk Management, Inc. 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. The Bank's loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. The Bank's investment securities include both securities available for sale and held to maturity. Its deposits include noninterest-bearing demand deposits, interest-bearing demand deposits, savings deposits, money market deposits and time deposits. The Bank maintains approximately 54 full service offices.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Northeast Banks
  • Sub-Industry: Regional Banks
  • Exchange: NASDAQ
  • Symbol: HBNC
  • CUSIP: 44040710
Key Metrics:
  • Previous Close: $26.52
  • 50 Day Moving Average: $26.17
  • 200 Day Moving Average: $27.33
  • 52-Week Range: $15.18 - $28.63
  • Trailing P/E Ratio: 22.29
  • Foreward P/E Ratio: 13.88
  • P/E Growth: 0.00
  • Market Cap: $587.97M
  • Outstanding Shares: 22,171,000
  • Beta: 0.79
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%
Additional Links:
Companies Related to Horizon Bancorp:

Analyst Ratings

Consensus Ratings for Horizon Bancorp (NASDAQ:HBNC) (?)
Ratings Breakdown: 4 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $23.33 (12.02% downside)

Analysts' Ratings History for Horizon Bancorp (NASDAQ:HBNC)
Show:
DateFirmActionRatingPrice TargetDetails
12/5/2016StephensSet Price TargetBuy$27.00View Rating Details
10/6/2016Piper Jaffray CompaniesInitiated CoverageOverweight$22.33View Rating Details
7/28/2016Keefe, Bruyette & WoodsBoost Price TargetOutperform$19.33 -> $20.67View Rating Details
3/14/2016FIG PartnersUpgradeMarket Perform -> OutperformView Rating Details
1/27/2016Raymond James Financial, Inc.Lower Price TargetOutperform$18.67View Rating Details
1/7/2016Sandler O'NeillDowngradeBuy -> HoldView Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Horizon Bancorp (NASDAQ:HBNC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/24/2017        
7/27/2016Q2$0.55$0.57ViewN/AView Earnings Details
4/25/2016Q1$0.52$0.44ViewN/AView Earnings Details
1/25/2016Q415$0.59$0.50ViewN/AView Earnings Details
10/23/2015Q3$0.57$0.56ViewN/AView Earnings Details
7/23/2015Q2$0.56$0.53ViewN/AView Earnings Details
4/22/2015Q115$0.50$0.48ViewN/AView Earnings Details
1/22/2015Q414$0.55$0.51ViewN/AView Earnings Details
10/22/2014Q3$0.54$0.52ViewN/AView Earnings Details
7/23/2014Q214$0.51$0.50ViewN/AView Earnings Details
4/21/2014Q114$0.42$0.40$20.15 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)
Current Year EPS Consensus Estimate: $1.76 EPS
Next Year EPS Consensus Estimate: $1.91 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.53$0.53$0.53
Q2 20161$0.55$0.55$0.55
Q3 20161$0.58$0.58$0.58
Q4 20161$0.40$0.40$0.40
Q1 20171$0.39$0.39$0.39
Q2 20171$0.42$0.42$0.42
Q3 20171$0.47$0.47$0.47
Q4 20171$0.46$0.46$0.46
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Horizon Bancorp (NASDAQ:HBNC)
Annual Dividend:$0.44
Dividend Yield:1.66%
Payout Ratio:36.97% (Based on Trailing 12 Months of Earnings)
25.00% (Based on Current Year Consensus EPS Estimate)
23.04% (Based on Next Year Consensus EPS Estimate)

Dividend History for Horizon Bancorp (NASDAQ:HBNC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Horizon Bancorp (NASDAQ:HBNC)
Insider Ownership Percentage: 7.70%
Institutional Ownership Percentage: 28.53%
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

Latest Headlines for Horizon Bancorp (NASDAQ:HBNC)
DateHeadline
4-traders.com logoInsider Trading Activity Horizon Bancorp (IN) (NASDAQ:HBNC) – insider Sold 735 shares of Stock (NASDAQ:HBNC)
www.4-traders.com - February 14 at 6:53 PM
News IconHorizon Bank Partners with Family Express to Expand Free ATM Service (NASDAQ:HBNC)
www.laportecountylife.com - February 9 at 11:33 PM
finance.yahoo.com logoHorizon Bank Consolidates Branch in Bargersville Indiana (NASDAQ:HBNC)
finance.yahoo.com - February 6 at 5:40 PM
News IconDirector of Horizon Bancorp (NASDAQ:HBNC), Winkler Maurice F Iii, buys 8,000 shares worth $204,400 (NASDAQ:HBNC)
empowerednews.net - February 2 at 11:13 PM
insidermonkey.com logoExecutives at U.S. Homebuilder Discard Shares Amid Resurgent Housing Market, Plus Other Noteworthy Insider Trading (NASDAQ:HBNC)
www.insidermonkey.com - February 2 at 6:13 PM
capitalcube.com logoETFs with exposure to Horizon Bancorp (Indiana) : February 2, 2017 (NASDAQ:HBNC)
www.capitalcube.com - February 2 at 6:13 PM
capitalcube.com logoHorizon Bancorp (Indiana) :HBNC-US: Earnings Analysis: Q4, 2016 By the Numbers : February 1, 2017 (NASDAQ:HBNC)
www.capitalcube.com - February 1 at 6:19 PM
capitalcube.com logoHorizon Bancorp (Indiana) breached its 50 day moving average in a Bearish Manner : HBNC-US : January 31, 2017 (NASDAQ:HBNC)
www.capitalcube.com - January 31 at 6:19 PM
capitalcube.com logoHorizon Bancorp (Indiana) :HBNC-US: Earnings Analysis: 2016 By the Numbers : January 31, 2017 (NASDAQ:HBNC)
www.capitalcube.com - January 31 at 6:19 PM
News IconAcquisitions Drive Record Year For Horizon (NASDAQ:HBNC)
www.insideindianabusiness.com - January 27 at 5:11 AM
4-traders.com logoHorizon Bancorp : posts 4Q profit (NASDAQ:HBNC)
www.4-traders.com - January 27 at 12:09 AM
4-traders.com logoHorizon Bancorp (NASDAQ:HBNC) Files An 8-K Results of Operations and Financial Condition (NASDAQ:HBNC)
www.4-traders.com - January 26 at 5:04 AM
sg.finance.yahoo.com logoHorizon Bancorp posts 4Q profit (NASDAQ:HBNC)
sg.finance.yahoo.com - January 26 at 5:04 AM
finance.yahoo.com logoHorizon Bancorp Announces Record 2016 Net Income (NASDAQ:HBNC)
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 (NASDAQ:HBNC)
biz.yahoo.com - January 25 at 7:02 PM
News IconIs Horizon Bancorp’s (HBNC) future growth already accounted for in its January stock price? (NASDAQ:HBNC)
simplywall.st - January 23 at 4:04 PM
News IconIndiana Chamber Names Craig Dwight to Indiana Board of Directors (NASDAQ:HBNC)
www.valpolife.com - January 6 at 6:12 PM
News IconHorizon Bank Awards Donation to Harlan Christian Youth Center (NASDAQ:HBNC)
www.westbendnews.net - January 4 at 6:40 PM
finance.yahoo.com logo4 Reasons to Buy Horizon Bancorp (HBNC) Stock Right Now (NASDAQ:HBNC)
finance.yahoo.com - December 30 at 6:02 PM
News IconNotable Runner: Horizon Bancorp Stock Price Hits All-Time High Today (NASDAQ:HBNC)
lasignare.com - December 29 at 10:44 PM
finance.yahoo.com logo3 Reasons Why Horizon Bancorp (HBNC) is a Great Momentum Stock (NASDAQ:HBNC)
finance.yahoo.com - December 28 at 11:05 AM
News IconHorizon Promotes Dan Carroll to Vice President, Senior Commercial Credit Officer (NASDAQ:HBNC)
www.valpolife.com - December 23 at 10:50 PM
streetinsider.com logoHorizon Bancorp (HBNC) Raises Quarterly Dividend 10% to $0.11; 1.6% Yield (NASDAQ:HBNC)
www.streetinsider.com - December 22 at 10:53 PM
us.rd.yahoo.com logoHorizon Bancorp (HBNC): Strong Industry, Solid Earnings Estimate Revisions (NASDAQ:HBNC)
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 (NASDAQ:HBNC)
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 (NASDAQ:HBNC)
biz.yahoo.com - December 22 at 5:53 PM
publicnow.com logoHorizon Bancorp Announces a 10.0% Quarterly Dividend Increase (NASDAQ:HBNC)
www.publicnow.com - December 22 at 5:53 PM
feeds.reuters.com logoBRIEF-Horizon Bancorp sets quarterly dividend $0.11 per share (NASDAQ:HBNC)
feeds.reuters.com - December 22 at 1:16 PM
News IconHorizon Promotes Becky Greenlaw to Assistant Vice President, Trust Support Services and Risk Management (NASDAQ:HBNC)
www.portagelife.com - December 15 at 6:13 PM
News IconHorizon Bank Awards Donation to Friendship Botanic Gardens (NASDAQ:HBNC)
www.laportecountylife.com - December 14 at 11:19 PM
News IconExecutive Vice President of Horizon Bancorp (NASDAQ:HBNC), Rose David G, sells 9,750 shares worth $251,453 (NASDAQ:HBNC)
empowerednews.net - December 14 at 11:19 PM
News IconExecutive Vice President,CFO of Horizon Bancorp (NASDAQ:HBNC), Secor Mark E, sells 5,625 shares worth $146,138 (NASDAQ:HBNC)
empowerednews.net - December 9 at 10:52 PM
News IconHorizon Promotes Stammy Ellinger to Senior Vice President, Senior Loan Operations Officer (NASDAQ:HBNC)
www.laportecountylife.com - December 8 at 10:53 AM
News IconExecutive Vice President of Horizon Bancorp (NASDAQ:HBNC), Edwards Thomas H, sells 11,575 shares worth $293,774 (NASDAQ:HBNC)
empowerednews.net - December 8 at 10:53 AM
finance.yahoo.com logoCommunity Bank to Acquire Northeast Retirement Services (NASDAQ:HBNC)
finance.yahoo.com - December 7 at 10:21 AM
marketexclusive.com logoHorizon Bancorp (NASDAQ:HBNC) Files An 8-K Other Events (NASDAQ:HBNC)
marketexclusive.com - December 1 at 5:42 PM
us.rd.yahoo.com logoHorizon Bancorp Announces Balance Sheet Restructuring Transaction (NASDAQ:HBNC)
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 (NASDAQ:HBNC)
us.rd.yahoo.com - November 30 at 5:49 PM
feeds.reuters.com logoBRIEF-Horizon Bancorp announces balance sheet restructuring transaction (NASDAQ:HBNC)
feeds.reuters.com - November 30 at 5:23 PM
News IconHorizon Promotes Stephanie Fisher to Assistant Vice President, Bank Secrecy Act and Fraud (NASDAQ:HBNC)
www.laportecountylife.com - November 23 at 5:24 PM
fxpips.com logoBiggest Financial Stocks Movers, Nov. 18 (NASDAQ:HBNC)
www.fxpips.com - November 18 at 6:17 AM
finance.yahoo.com logoHORIZON BANCORP /IN/ Financials (NASDAQ:HBNC)
finance.yahoo.com - November 17 at 4:54 PM
biz.yahoo.com logoSplits Calendar: Horizon Bancorp splits before market open today (3:2 ratio) (NASDAQ:HBNC)
biz.yahoo.com - November 15 at 8:49 AM
capitalcube.com logoETF’s with exposure to Horizon Bancorp (Indiana) : November 11, 2016 (NASDAQ:HBNC)
www.capitalcube.com - November 11 at 4:55 PM
capitalcube.com logoHorizon Bancorp (Indiana) breached its 50 day moving average in a Bullish Manner : HBNC-US : November 10, 2016 (NASDAQ:HBNC)
www.capitalcube.com - November 10 at 4:46 PM
biz.yahoo.com logoHORIZON BANCORP /IN/ Files SEC form 10-Q, Quarterly Report (NASDAQ:HBNC)
biz.yahoo.com - November 9 at 4:58 PM
marketexclusive.com logoHorizon Bancorp (NASDAQ:HBNC) Files An 8-K Announces Closing of CNB Bancorp Merger (NASDAQ:HBNC)
marketexclusive.com - November 8 at 8:08 AM
publicnow.com logoHorizon Bancorp Announces Closing of CNB Bancorp Merger (NASDAQ:HBNC)
www.publicnow.com - November 7 at 5:38 PM
capitalcube.com logoETF’s with exposure to Horizon Bancorp (Indiana) : October 31, 2016 (NASDAQ:HBNC)
www.capitalcube.com - October 31 at 5:30 PM
capitalcube.com logoHorizon Bancorp (Indiana) breached its 50 day moving average in a Bearish Manner : HBNC-US : October 31, 2016 (NASDAQ:HBNC)
www.capitalcube.com - October 31 at 11:56 AM

Social

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 Friday, December 23rd. Stockholders of record on Friday, January 6th will be paid a dividend of $0.11 per share on Friday, January 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, January 4th. This is an increase from Horizon Bancorp's previous quarterly dividend of $0.10.

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

Horizon Bancorp shares split on Tuesday, November 15th 2016. The 3-2 split was announced on Wednesday, October 19th 2016. The newly created 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.

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

4 brokerages have issued twelve-month target prices for Horizon Bancorp's stock. Their forecasts range from $20.67 to $27.00. On average, they anticipate Horizon Bancorp's stock price to reach $23.33 in the next year.

When will Horizon Bancorp announce their earnings?

Horizon Bancorp is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.

Who owns Horizon Bancorp stock?

Horizon Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (2.28%), State Street Corp (1.41%), Renaissance Technologies LLC (1.08%), Siena Capital Management LLC (0.79%), John W. Rosenthal Capital Management Inc. (0.34%) and FMR LLC (0.23%). 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, Robert E Swinehart, Steven William Reed and Thomas H Edwards.

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 FMR LLC. Company insiders that have sold Horizon Bancorp stock in the last year include Craig M Dwight, David G Rose, Kathie A Deruiter, Mark E Secor and Thomas H Edwards.

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, Siena Capital Management LLC, State Street Corp, John W. Rosenthal Capital Management Inc., Renaissance Technologies LLC, Western Standard LLC, A.R.T. Advisors LLC and Putnam Investments LLC. Company insiders that have bought Horizon Bancorp stock in the last two years include James D Neff, Maurice F Winkler III, Robert E Swinehart and Steven William Reed.

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 $26.52.

Horizon Bancorp (NASDAQ:HBNC) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Horizon Bancorp (NASDAQ:HBNC)

Earnings History Chart

Earnings by Quarter for Horizon Bancorp (NASDAQ:HBNC)

Dividend History Chart

Dividend Payments by Quarter for Horizon Bancorp (NASDAQ:HBNC)

Last Updated on 2/24/2017 by MarketBeat.com Staff