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S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
US Dollar Replaced By "Biden Bucks"? (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
US Dollar Replaced By "Biden Bucks"? (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
US Dollar Replaced By "Biden Bucks"? (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)

Horizon Bancorp - HBNC Stock Forecast, Price & News

$20.39
-0.20 (-0.97%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$20.25
$20.43
50-Day Range
$16.72
$20.59
52-Week Range
$16.45
$23.80
Volume
76,461 shs
Average Volume
137,977 shs
Market Capitalization
$888.45 million
P/E Ratio
9.62
Dividend Yield
3.11%
Price Target
$22.00

Horizon Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
7.9% Upside
$22.00 Price Target
Short Interest
Healthy
1.32% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.61
Upright™ Environmental Score
News Sentiment
1.71mentions of Horizon Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.26%
From $2.28 to $2.40 Per Share

Overall MarketRank

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

2.48 out of 5 stars

Finance Sector

355th out of 932 stocks

State Commercial Banks Industry

72nd out of 194 stocks

HBNC stock logo

About Horizon Bancorp (NASDAQ:HBNC) Stock

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 various 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 78 full-service offices 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 Stock Performance

HBNC Stock opened at $20.59 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.69 and a quick ratio of 0.69. The company has a 50 day moving average price of $17.98 and a 200 day moving average price of $18.69. Horizon Bancorp has a fifty-two week low of $16.45 and a fifty-two week high of $23.80. The stock has a market capitalization of $897.11 million, a PE ratio of 9.71 and a beta of 1.08.

Horizon Bancorp (NASDAQ:HBNC - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. Horizon Bancorp had a net margin of 34.40% and a return on equity of 13.65%. The firm had revenue of $65.44 million during the quarter, compared to analysts' expectations of $62.97 million. During the same quarter in the previous year, the company posted $0.51 EPS. Analysts forecast that Horizon Bancorp will post 2.28 EPS for the current year.

Horizon Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, July 7th. This is a boost from Horizon Bancorp's previous quarterly dividend of $0.15. Horizon Bancorp's payout ratio is 30.19%.

Analyst Ratings Changes

HBNC has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Horizon Bancorp from a "hold" rating to a "buy" rating in a research note on Thursday, July 28th. Raymond James cut shares of Horizon Bancorp from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $23.00 to $22.00 in a research note on Thursday, July 7th.

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HBNC Stock News Headlines

Horizon Bancorp (HBNC) Could Be a Great Choice
Horizon Bancorp, Inc. Elects New Lead Director
Horizon Bancorp Inc
Horizon Bancorp (HBNC) Q4 Earnings Top Estimates
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HBNC Company Calendar

Ex-Dividend for 7/22 Dividend
7/07/2022
Dividend Payable
7/22/2022
Last Earnings
7/27/2022
Today
8/17/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

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
$22.00
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+7.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$87.09 million
Pretax Margin
40.19%

Debt

Sales & Book Value

Annual Sales
$257.95 million
Cash Flow
$2.53 per share
Book Value
$15.10 per share

Miscellaneous

Free Float
42,039,000
Market Cap
$888.45 million
Optionable
Optionable
Beta
1.08

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HBNC Stock - Frequently Asked Questions

Should I buy or sell Horizon Bancorp stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 2022?

1 Wall Street analysts have issued 1 year target prices for Horizon Bancorp's shares. Their HBNC share price forecasts range from $22.00 to $22.00. On average, they anticipate the company's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 7.9% 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 2022?

Horizon Bancorp's stock was trading at $20.85 at the beginning of 2022. Since then, HBNC shares have decreased by 2.2% and is now trading at $20.39.
View the best growth stocks for 2022 here
.

When is Horizon Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our HBNC earnings forecast
.

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp, Inc. (NASDAQ:HBNC) posted its earnings results on Wednesday, July, 27th. The financial services provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. The financial services provider had revenue of $65.44 million for the quarter, compared to the consensus estimate of $62.97 million. Horizon Bancorp had a net margin of 34.40% and a trailing twelve-month return on equity of 13.65%. During the same period in the prior year, the company posted $0.51 earnings per share.

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

Horizon Bancorp announced a quarterly dividend on Friday, June 24th. Investors of record on Friday, July 8th will be given a dividend of $0.16 per share on Friday, July 22nd. This represents a $0.64 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, July 7th. This is an increase from the stock's previous quarterly dividend of $0.15.
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 3.11%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBNC will have a dividend payout ratio of 26.67% 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's stock split on the morning of Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly issued 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?

8 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.

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 (4.95%), State Street Corp (2.93%), Northern Trust Corp (1.03%), Brandywine Global Investment Management LLC (0.76%), Basswood Capital Management L.L.C. (0.74%) and Renaissance Technologies LLC (0.71%). Insiders that own company stock include Craig M Dwight, Dennis Kuhn, James D Neff, Kathie A Deruiter, Mark E Secor and Michele M Magnuson.
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 $20.39.

How much money does Horizon Bancorp make?

Horizon Bancorp (NASDAQ:HBNC) has a market capitalization of $888.45 million and generates $257.95 million in revenue each year. The financial services provider earns $87.09 million in net income (profit) each year or $2.12 on an earnings per share basis.

How many employees does Horizon Bancorp have?

The company employs 843 workers across the globe.

When was Horizon Bancorp founded?

Horizon Bancorp was founded in 1873.

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 8/18/2022 by MarketBeat.com Staff

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