NASDAQ:HBNC - Horizon Bancorp Stock Price, News, & Analysis

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$17.03 0.00 (0.00 %)
(As of 11/16/2018 04:00 PM ET)
Previous Close$17.03
Today's Range$16.82 - $17.25
52-Week Range$16.36 - $22.13
Volume66,030 shs
Average Volume66,879 shs
Market Capitalization$639.59 million
P/E Ratio16.70
Dividend Yield2.40%
Beta1.13
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. Its loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; and real estate, mortgage warehouse, and consumer loans. The company also provides 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 62 full service offices in Northern and Central Indiana, as well as Southern, Central, and Great Lakes bay regions of Michigan. The company was founded in 1873 and is headquartered in Michigan City, Indiana.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HBNC
Previous Symbol
CUSIP44040710
Phone219-879-0211

Debt

Debt-to-Equity Ratio1.08
Current Ratio0.97
Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio16.70
Forward P/E Ratio11.99
P/E GrowthN/A

Sales & Book Value

Annual Sales$161.62 million
Price / Sales4.04
Cash Flow$1.2652 per share
Price / Cash13.46
Book Value$12.45 per share
Price / Book1.37

Profitability

EPS (Most Recent Fiscal Year)$1.02
Net Income$33.11 million
Net Margins24.49%
Return on Equity10.28%
Return on Assets1.19%

Miscellaneous

Employees701
Outstanding Shares38,370,000
Market Cap$639.59 million
OptionableOptionable

Horizon Bancorp (NASDAQ:HBNC) Frequently Asked Questions

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 announced a quarterly dividend on Friday, September 21st. Investors of record on Friday, October 5th will be paid a dividend of $0.10 per share on Friday, October 19th. This represents a $0.40 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, October 4th. 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 on Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly minted shares were payable 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.

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp Inc (NASDAQ:HBNC) announced its quarterly earnings data on Monday, October, 29th. The financial services provider reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.38 by $0.06. The financial services provider had revenue of $42.46 million for the quarter, compared to analysts' expectations of $43.43 million. Horizon Bancorp had a net margin of 24.49% and a return on equity of 10.28%. View Horizon Bancorp's Earnings History.

When is Horizon Bancorp's next earnings date?

Horizon Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, January 23rd 2019. View Earnings Estimates for Horizon Bancorp.

What price target have analysts set for HBNC?

4 brokers have issued 12-month target prices for Horizon Bancorp's shares. Their forecasts range from $19.6667 to $24.00. On average, they expect Horizon Bancorp's share price to reach $21.75 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price. View Analyst Price Targets for Horizon Bancorp.

What is the consensus analysts' recommendation for Horizon Bancorp?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Horizon Bancorp.

Has Horizon Bancorp been receiving favorable news coverage?

Media headlines about HBNC stock have trended very positive recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Horizon Bancorp earned a news impact score of 4.0 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next several days.

Who are some of Horizon Bancorp's key competitors?

Who are Horizon Bancorp's key executives?

Horizon Bancorp's management team includes the folowing people:
  • Mr. Craig M. Dwight, Chairman & CEO (Age 61)
  • Mr. James D. Neff, Pres (Age 58)
  • Mr. Mark E. Secor, Exec. VP & CFO (Age 52)
  • Ms. Kathie A. DeRuiter, Exec. VP & Sr. Bank Operations Officer of Horizon Bank (Age 56)
  • Attorney Dona L. Lucker, Shareholder Relations Officer & Exec. Assistant

Who are Horizon Bancorp's major shareholders?

Horizon Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.73%), Advisory Research Inc. (4.38%), The Manufacturers Life Insurance Company (4.34%), Dimensional Fund Advisors LP (4.07%), Epoch Investment Partners Inc. (2.84%) and Renaissance Technologies LLC (2.52%). Company insiders that own Horizon Bancorp stock include Craig M Dwight, David G Rose, Dennis Kuhn, Eric P Blackhurst, James D Neff, Kathie A Deruiter, Larry N Middleton, Mark E Secor, Maurice F Winkler III, Michele M Thompson and Thomas H Edwards. View Institutional Ownership Trends for Horizon Bancorp.

Which institutional investors are selling Horizon Bancorp stock?

HBNC stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Pacific Ridge Capital Partners LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Epoch Investment Partners Inc., Credit Suisse AG, Prudential Financial Inc. and Foundry Partners LLC. Company insiders that have sold Horizon Bancorp company stock in the last year include Craig M Dwight, Dennis Kuhn, James D Neff, Kathie A Deruiter, Larry N Middleton, Mark E Secor and Michele M Thompson. View Insider Buying and Selling for Horizon Bancorp.

Which institutional investors are buying Horizon Bancorp stock?

HBNC stock was acquired by a variety of institutional investors in the last quarter, including Advisory Research Inc., Dimensional Fund Advisors LP, Indiana Trust & Investment Management CO, The Manufacturers Life Insurance Company , Comerica Bank, BlackRock Inc., Renaissance Technologies LLC and GSA Capital Partners LLP. Company insiders that have bought Horizon Bancorp stock in the last two years include Eric P Blackhurst and Maurice F Winkler III. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Horizon Bancorp's stock price today?

One share of HBNC stock can currently be purchased for approximately $17.03.

How big of a company is Horizon Bancorp?

Horizon Bancorp has a market capitalization of $639.59 million and generates $161.62 million in revenue each year. The financial services provider earns $33.11 million in net income (profit) each year or $1.02 on an earnings per share basis. Horizon Bancorp employs 701 workers across the globe.

What is Horizon Bancorp's official website?

The official website for Horizon Bancorp is http://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.


MarketBeat Community Rating for Horizon Bancorp (NASDAQ HBNC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  206 (Vote Outperform)
Underperform Votes:  240 (Vote Underperform)
Total Votes:  446
MarketBeat's community ratings are surveys of what our community members think about Horizon Bancorp and other stocks. Vote "Outperform" if you believe HBNC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HBNC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/17/2018 by MarketBeat.com Staff

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