Horizon Bancorp - HBNC Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our HBNC earnings forecast.

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.

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.

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.

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.

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.

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 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.
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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.
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One share of HBNC stock can currently be purchased for approximately $15.03.

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.

The company employs 843 workers across the globe.

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.