About Horizon Bancorp (NASDAQ:HBNC)
Horizon Bancorp 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. Horizon Bancorp was founded in 1873 and is headquartered in Michigan City, Indiana.
Industry, Sector and Symbol
Industry State commercial banks
Trailing P/E Ratio13.85
Forward P/E Ratio9.86
Sales & Book Value
Annual Sales$161.62 million
Price / Sales3.35
Cash Flow$1.2479 per share
Price / Cash16.98
Book Value$17.90 per share
Price / Book1.18
EPS (Most Recent Fiscal Year)$1.53
Net Income$33.11 million
Return on Equity9.53%
Return on Assets1.08%
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 Thursday, March 22nd. Stockholders of record on Friday, April 6th will be paid a dividend of $0.10 per share on Friday, April 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, April 5th. View Horizon Bancorp's Dividend History.
When did Horizon Bancorp's stock split? How did Horizon Bancorp's stock split work?
Shares of Horizon Bancorp 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.
How were Horizon Bancorp's earnings last quarter?
Horizon Bancorp Inc (NASDAQ:HBNC) issued its earnings results on Wednesday, April, 25th. The financial services provider reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by $0.03. The financial services provider earned $41.73 million during the quarter, compared to the consensus estimate of $40.63 million. Horizon Bancorp had a return on equity of 9.53% and a net margin of 21.79%. View Horizon Bancorp's Earnings History.
When is Horizon Bancorp's next earnings date?
What price target have analysts set for HBNC?
2 Wall Street analysts have issued 1-year price targets for Horizon Bancorp's shares. Their predictions range from $19.6667 to $23.3333. On average, they expect Horizon Bancorp's share price to reach $21.50 in the next year. View Analyst Ratings for Horizon Bancorp.
Who are some of Horizon Bancorp's key competitors?
Some companies that are related to Horizon Bancorp include Columbia Banking System (COLB), Bancorpsouth Bank (BXS), International Bancshares (IBOC), Union Bankshares (UBSH), United Community Bank (UCBI), Great Western Bancorp (GWB), CVB Financial (CVBF), First Interstate BancSystem (FIBK), TowneBank (TOWN), Renasant (RNST), ServisFirst Bancshares (SFBS), Hilltop (HTH), Independent Bank (INDB), Ameris Bancorp (ABCB) and Eagle Bancorp (EGBN).
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 & Principal Accounting Officer (Age 52)
- Attorney Dona L. Lucker, Shareholder Relations Officer & Exec. Assistant
- Mr. Daniel R. Buresh, Asst. Chief Accounting Officer & Asst. Treasurer (Age 59)
Has Horizon Bancorp been receiving favorable news coverage?
Press coverage about HBNC stock has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Horizon Bancorp earned a coverage optimism score of 0.08 on Accern's scale. They also assigned news headlines about the financial services provider an impact score of 47.03 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Horizon Bancorp's major shareholders?
Horizon Bancorp's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.08%), The Manufacturers Life Insurance Company (4.12%), Dimensional Fund Advisors LP (3.53%), Epoch Investment Partners Inc. (3.04%), Comerica Bank (1.06%) and Northern Trust Corp (1.03%). 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, 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 LSV Asset Management, Rothschild Asset Management Inc., Thrivent Financial for Lutherans, Russell Investments Group Ltd., Stifel Financial Corp, Prudential Financial Inc., Citigroup Inc. and Federated Investors Inc. PA. 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, Mark E Secor, Michele M Thompson and Thomas H Edwards. View Insider Buying and Selling for Horizon Bancorp.
Which institutional investors are buying Horizon Bancorp stock?
HBNC stock was bought by a variety of institutional investors in the last quarter, including Epoch Investment Partners Inc., Dimensional Fund Advisors LP, Maltese Capital Management LLC, Comerica Bank, Millennium Management LLC, The Manufacturers Life Insurance Company , LPL Financial LLC and Mackay Shields LLC. 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 $21.19.
How big of a company is Horizon Bancorp?
Horizon Bancorp has a market capitalization of $805.76 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 $1.53 on an earnings per share basis. Horizon Bancorp employs 701 workers across the globe.
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 (HBNC)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.