Horizon Bancorp Stock Forecast, Price & News

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.

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.

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.

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

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.

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.

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.

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.

Some companies that are related to Horizon Bancorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), KeyCorp (KEY), M&T Bank (MTB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), First Horizon National (FHN), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), Signature Bank (SBNY) and Prosperity Bancshares (PB).
View all competitors.

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).

Horizon Bancorp trades on the NASDAQ under the ticker symbol "HBNC."

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.

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.

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.

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.

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

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.

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

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.