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NASDAQ:HBNC

Horizon Bancorp Stock Forecast, Price & News

$14.54
+0.24 (+1.68 %)
(As of 12/1/2020 03:59 PM ET)
Add
Compare
Today's Range
$14.22
Now: $14.54
$14.73
50-Day Range
$11.14
MA: $13.23
$15.57
52-Week Range
$7.42
Now: $14.54
$19.48
Volume5,784 shs
Average Volume113,425 shs
Market Capitalization$638.02 million
P/E Ratio9.96
Dividend Yield3.15%
Beta1.26
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers demand and time deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products. It operates through a network of 63 full service offices and 1 loan production office in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
Horizon Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.78 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HBNC
CUSIP44040710
Phone219-879-0211
Employees839

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$251.39 million
Cash Flow$1.83 per share
Book Value$15.27 per share

Profitability

Net Income$66.54 million

Miscellaneous

Market Cap$638.02 million
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$14.54
+0.24 (+1.68 %)
(As of 12/1/2020 03:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Horizon Bancorp (NASDAQ:HBNC) Frequently Asked Questions

How has Horizon Bancorp's stock been impacted by Coronavirus (COVID-19)?

Horizon Bancorp's stock was trading at $12.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, HBNC stock has increased by 20.5% and is now trading at $14.48.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Horizon Bancorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Horizon Bancorp
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Horizon Bancorp?

Wall Street analysts have given Horizon Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Horizon Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Horizon Bancorp's next earnings date?

Horizon Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Horizon Bancorp
.

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp, Inc. (NASDAQ:HBNC) posted its quarterly earnings results on Wednesday, October, 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.10. Horizon Bancorp had a return on equity of 9.84% and a net margin of 25.31%.
View Horizon Bancorp's earnings history
.

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

Horizon Bancorp announced a quarterly dividend on Friday, September 18th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.12 per share on Friday, October 16th. This represents a $0.48 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, October 1st.
View Horizon Bancorp's dividend history
.

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

Horizon Bancorp's stock split before market open on Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly created shares were distributed to shareholders after the closing bell on Friday, June 15th 2018. An investor that had 100 shares of Horizon Bancorp stock prior to the split would have 150 shares after the split.

What price target have analysts set for HBNC?

2 equities research analysts have issued twelve-month price targets for Horizon Bancorp's stock. Their forecasts range from $14.00 to $14.50. On average, they anticipate Horizon Bancorp's stock price to reach $14.25 in the next year. This suggests that the stock has a possible downside of 1.6%.
View analysts' price targets for Horizon Bancorp
.

Who are some of Horizon Bancorp's key competitors?

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 key executives?

Horizon Bancorp's management team includes the following people:
  • Mr. Craig M. Dwight, Chairman & CEO (Age 63, Pay $988.26k)
  • Mr. James D. Neff, Pres (Age 60, Pay $631.4k)
  • Mr. Mark E. Secor CPA, Exec. VP, CFO, Chief Accounting Officer & Treasurer (Age 54, Pay $471.44k)
  • Ms. Kathie A. DeRuiter, Exec. VP (Age 58, Pay $414.45k)
  • Mr. Dennis J. Kuhn, Exec. VP & Chief Commercial Banking Officer (Age 60, Pay $394.45k)
  • Attorney Dona L. Lucker, Shareholder Relations Officer & Exec. Assistant
  • Mr. Todd A. Etzler, Sr. VP, Corp. Sec. & Gen. Counsel
  • Mr. Daniel R. Buresh, Asst. Chief Accounting Officer & Asst. Treasurer (Age 61)

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.51%), The Manufacturers Life Insurance Company (2.95%), State Street Corp (1.98%), Advisory Research Inc. (1.55%), Maltese Capital Management LLC (1.37%) and Comerica Bank (0.99%). Company insiders that own Horizon Bancorp stock include Dennis Kuhn, James D Neff, Mark E Secor and Michele M Magnuson.
View institutional ownership trends for Horizon Bancorp
.

Which major investors are selling Horizon Bancorp stock?

HBNC stock was sold by a variety of institutional investors in the last quarter, including Advisory Research Inc., BlackRock Inc., Maltese Capital Management LLC, Comerica Bank, State Street Corp, Acadian Asset Management LLC, Morgan Stanley, and Bowling Portfolio Management LLC. Company insiders that have sold Horizon Bancorp company stock in the last year include Dennis Kuhn, and Michele M Magnuson.
View insider buying and selling activity for Horizon Bancorp
.

Which major investors are buying Horizon Bancorp stock?

HBNC stock was bought by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Zebra Capital Management LLC, AQR Capital Management LLC, GSA Capital Partners LLP, Rothschild & Co. Asset Management US Inc., LPL Financial LLC, Rikoon Group LLC, and Eidelman Virant Capital.
View insider buying and selling activity for Horizon Bancorp
.

How do I buy shares of Horizon Bancorp?

Shares of HBNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Horizon Bancorp's stock price today?

One share of HBNC stock can currently be purchased for approximately $14.48.

How big of a company is Horizon Bancorp?

Horizon Bancorp has a market capitalization of $635.38 million and generates $251.39 million in revenue each year. The financial services provider earns $66.54 million in net income (profit) each year or $1.64 on an earnings per share basis. Horizon Bancorp employs 839 workers across the globe.

What is Horizon Bancorp's official website?

The official website for Horizon Bancorp is www.horizonbank.com.

How can I contact Horizon Bancorp?

Horizon Bancorp's mailing address is 515 FRANKLIN STREET, MICHIGAN CITY IN, 46360. The financial services provider can be reached via phone at 219-879-0211.

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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