NASDAQ:HBNCHorizon Bancorp Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Horizon Bancorp Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $9.89 -0.10 (-1.00 %) (As of 07/3/2020 04:00 PM ET) Add Compare Share Today's Range$9.85Now: $9.89▼$10.4850-Day Range$8.42MA: $10.24▼$12.4452-Week Range$7.42Now: $9.89▼$19.48Volume104,374 shsAverage Volume203,993 shsMarket Capitalization$432.89 millionP/E Ratio6.59Dividend Yield4.85%Beta1.31 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers demand and time deposits. Its loan portfolio comprises commercial, residential 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 63 full service offices and 3 loan and deposit production offices in Northern and Central regions of Indiana, as well as Southern, Central, and Great Lakes bay regions of Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.Read More Beat the Market (BTM) Rank™ 3.5 Analyst's Opinion Consensus RatingHorizon Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.50, Horizon Bancorp has a potential upside of 46.6% from its current price of $9.89.Amount of Analyst CoverageHorizon Bancorp has only been the subject of 1 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesHorizon Bancorp has received 281 “outperform” votes. (Add your “outperform” vote.)Underperform VotesHorizon Bancorp has received 361 “underperform” votes. (Add your “underperform” vote.)Community SentimentHorizon Bancorp has received 56.23% “underperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend LeadershipHorizon Bancorp is a leading dividend payer. It pays a dividend yield of 4.85%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHorizon Bancorp has been increasing its dividend for 6 years.Dividend CoverageThe dividend payout ratio of Horizon Bancorp is 29.27%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Horizon Bancorp will have a dividend payout ratio of 45.71% next year. This indicates that Horizon Bancorp will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Horizon Bancorp insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.40% of the stock of Horizon Bancorp is held by insiders.Percentage Held by Institutions49.96% of the stock of Horizon Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Horizon Bancorp are expected to decrease by -13.93% in the coming year, from $1.22 to $1.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Horizon Bancorp is 6.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.29.Price to Earnings Ratio vs. SectorThe P/E ratio of Horizon Bancorp is 6.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.09.Price to Book Value per Share RatioHorizon Bancorp has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.55 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:HBNC Previous Symbol CUSIP44040710 CIK706129 Webwww.horizonbank.com Phone219-879-0211Debt Debt-to-Equity Ratio1.21 Current Ratio0.97 Quick Ratio0.97Price-To-Earnings Trailing P/E Ratio6.59 Forward P/E Ratio8.11 P/E GrowthN/A Sales & Book Value Annual Sales$251.39 million Price / Sales1.72 Cash Flow$1.92 per share Price / Cash Flow5.15 Book Value$14.59 per share Price / Book0.68Profitability EPS (Most Recent Fiscal Year)$1.64 Net Income$66.54 million Net Margins25.81% Return on Equity10.68% Return on Assets1.31%Miscellaneous Employees716 Outstanding Shares43,770,000Market Cap$432.89 million Next Earnings Date7/22/2020 (Estimated) OptionableOptionable NASDAQ:HBNC Rates by TradingView Receive HBNC News and Ratings via Email Sign-up to receive the latest news and ratings for HBNC and its competitors with MarketBeat's FREE daily newsletter. Horizon Bancorp (NASDAQ:HBNC) Frequently Asked Questions How has Horizon Bancorp's stock been impacted by COVID-19 (Coronavirus)? Horizon Bancorp's stock was trading at $12.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HBNC stock has decreased by 17.7% and is now trading at $9.89. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Horizon Bancorp? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Horizon Bancorp. When is Horizon Bancorp's next earnings date? Horizon Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Horizon Bancorp. How were Horizon Bancorp's earnings last quarter? Horizon Bancorp Inc (NASDAQ:HBNC) posted its quarterly earnings data on Wednesday, April, 29th. The financial services provider reported $0.26 EPS for the quarter, missing the Zacks' consensus estimate of $0.30 by $0.04. The financial services provider earned $52.99 million during the quarter, compared to analyst estimates of $52.18 million. Horizon Bancorp had a net margin of 25.81% and a return on equity of 10.68%. View Horizon Bancorp's earnings history. How often does Horizon Bancorp pay dividends? What is the dividend yield for Horizon Bancorp? Horizon Bancorp declared a quarterly dividend on Monday, June 15th. Shareholders of record on Friday, July 3rd will be paid a dividend of $0.12 per share on Friday, July 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Wednesday, July 1st. 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 the morning of Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly issued shares were issued 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. What price target have analysts set for HBNC? 1 brokers have issued 1 year price objectives for Horizon Bancorp's shares. Their forecasts range from $14.50 to $14.50. On average, they expect Horizon Bancorp's share price to reach $14.50 in the next twelve months. This suggests a possible upside of 46.6% from the stock's current price. View analysts' price targets for Horizon Bancorp. Has Horizon Bancorp been receiving favorable news coverage? Media stories about HBNC stock have been trending negative recently, InfoTrie reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Horizon Bancorp earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Horizon Bancorp. Who are some of Horizon Bancorp's key competitors? Some companies that are related to Horizon Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors. 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 AllianceBernstein (AB), Altria Group (MO), Occidental Petroleum (OXY), AT&T (T), AbbVie (ABBV), Franklin Resources (BEN), Walt Disney (DIS), Eastman Chemical (EMN), Enbridge (ENB) and Gilead Sciences (GILD). Who are Horizon Bancorp's key executives? Horizon Bancorp's management team includes the following people: Mr. Craig M. Dwight, Chairman & CEO (Age 62)Mr. James D. Neff, Pres (Age 59)Mr. Mark E. Secor, Exec. VP & CFO (Age 53)Ms. Kathie A. DeRuiter, Exec. VP (Age 57)Mr. Dennis J. Kuhn, Exec. VP (Age 59) What is Horizon Bancorp's stock symbol? Horizon Bancorp trades on the NASDAQ under the ticker symbol "HBNC." 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, Robinhood, Fidelity, and Charles Schwab. What is Horizon Bancorp's stock price today? One share of HBNC stock can currently be purchased for approximately $9.89. How big of a company is Horizon Bancorp? Horizon Bancorp has a market capitalization of $432.89 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 716 workers across the globe. What is Horizon Bancorp's official website? The official website for Horizon Bancorp is 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. This page was last updated on 7/6/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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