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NASDAQ:HBNC

Horizon Bancorp - HBNC Stock Forecast, Price & News

$15.23
+0.20 (+1.33%)
(As of 01/31/2023 11:12 AM ET)
Add
Compare
Today's Range
$14.97
$15.24
50-Day Range
$14.51
$16.26
52-Week Range
$14.45
$21.44
Volume
36,787 shs
Average Volume
136,774 shs
Market Capitalization
$669.21 million
P/E Ratio
7.12
Dividend Yield
4.34%
Price Target
$18.00

Horizon Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
19.8% Upside
$18.00 Price Target
Short Interest
Healthy
1.81% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.61
Upright™ Environmental Score
News Sentiment
0.27mentions of Horizon Bancorp in the last 14 days
Based on 16 Articles This Week
Insider Trading
Acquiring Shares
$35,658 Bought Last Quarter
Proj. Earnings Growth
1.06%
From $1.89 to $1.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.88 out of 5 stars

Finance Sector

91st out of 897 stocks

State Commercial Banks Industry

17th out of 191 stocks


HBNC stock logo

About Horizon Bancorp (NASDAQ:HBNC) Stock

Horizon 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.

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HBNC Stock News Headlines

10 Biggest Stocks With a New 52-Week Low
Horizon Bancorp, Inc. (NASDAQ:HBNC) Short Interest Update
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The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Horizon Bancorp (NASDAQ:HBNC) Reaches New 1-Year Low at $14.45
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Today's stock market report features a battery metal lithium stock with great potential.
Earnings Outlook For Horizon Bancorp
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Horizon Bancorp stock slumps 18% as Q3 miss estimates
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See More Headlines
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HBNC Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 1/20 Dividend
1/05/2023
Dividend Payable
1/20/2023
Today
1/31/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:HBNC
CUSIP
44040710
Employees
843
Year Founded
1873

Price Target and Rating

Average Stock Price Forecast
$18.00
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+18.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$93.41 million
Pretax Margin
38.81%

Debt

Sales & Book Value

Annual Sales
$283.48 million
Cash Flow
$2.61 per share
Book Value
$16.62 per share

Miscellaneous

Free Float
42,388,000
Market Cap
$669.21 million
Optionable
Optionable
Beta
0.95

Social Links


Key Executives

  • Craig M. Dwight
    Chairman & Chief Executive Officer
  • Thomas M. Prame
    President
  • Mark E. Secor
    Chief Financial Officer & Executive Vice President
  • Kathie A. Deruiter
    Executive Vice President
  • Todd A. Etzler
    Secretary, Executive VP & General Counsel













HBNC Stock - Frequently Asked Questions

Should I buy or sell Horizon Bancorp stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research 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?

3 brokerages have issued 1-year target prices for Horizon Bancorp's stock. Their HBNC share price forecasts range from $18.00 to $18.00. On average, they predict the company's share price to reach $18.00 in the next year. This suggests a possible upside of 19.8% 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 beginning of the year. Since then, HBNC stock has decreased by 0.3% and is now trading at $15.03.
View the best growth stocks for 2023 here
.

Are investors shorting Horizon Bancorp?

Horizon Bancorp saw a increase in short interest in January. As of January 15th, there was short interest totaling 671,800 shares, an increase of 14.8% from the December 31st total of 585,200 shares. Based on an average daily volume of 196,200 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.8% of the shares of the company 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, April 26th 2023.
View our HBNC earnings forecast
.

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp, Inc. (NASDAQ:HBNC) announced its quarterly earnings data on Tuesday, October, 26th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.08. The financial services provider had revenue of $62.59 million for the quarter, compared to the consensus estimate of $59.43 million. Horizon Bancorp had a trailing twelve-month return on equity of 14.05% and a net margin of 32.51%. During the same period in the previous year, the firm posted $0.45 EPS.

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

Horizon Bancorp declared a quarterly dividend on Tuesday, December 20th. Investors of record on Friday, January 6th will be given a dividend of $0.16 per share on Friday, January 20th. This represents a $0.64 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Thursday, January 5th.
Read our dividend analysis for HBNC
.

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 4.34%. 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 29.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBNC will have a dividend payout ratio of 33.51% 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?

Horizon Bancorp shares split on Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly created shares were payable 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 PL Capital Advisors LLC (3.90%), Hennion & Walsh Asset Management Inc. (0.09%), Strs Ohio (0.09%), New York State Common Retirement Fund (0.07%), Signaturefd LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). 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 $15.03.

How much money does Horizon Bancorp make?

Horizon Bancorp (NASDAQ:HBNC) has a market capitalization of $660.42 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 $2.14 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 1/31/2023 by MarketBeat.com Staff