NASDAQ:HBNC Horizon Bancorp - HBNC Stock Forecast, Price & News Adding Choose a watchlist: 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. $15.23 +0.20 (+1.33%) (As of 01/31/2023 11:12 AM ET) Add Compare Share Share Today's Range$14.97▼$15.2450-Day Range$14.51▼$16.2652-Week Range$14.45▼$21.44Volume36,787 shsAverage Volume136,774 shsMarket Capitalization$669.21 millionP/E Ratio7.12Dividend Yield4.34%Price Target$18.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Horizon Bancorp MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside19.8% Upside$18.00 Price TargetShort InterestHealthy1.81% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.61Upright™ Environmental ScoreNews Sentiment0.27Based on 16 Articles This WeekInsider TradingAcquiring Shares$35,658 Bought Last QuarterProj. Earnings Growth1.06%From $1.89 to $1.91 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.88 out of 5 starsFinance Sector91st out of 897 stocksState Commercial Banks Industry17th out of 191 stocks 2.3 Analyst's Opinion Consensus RatingHorizon Bancorp has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.00, Horizon Bancorp has a forecasted upside of 19.8% from its current price of $15.03.Amount of Analyst CoverageHorizon Bancorp has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.81% of the float of Horizon Bancorp has been sold short.Short Interest Ratio / Days to CoverHorizon Bancorp has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Horizon Bancorp has recently increased by 14.80%, indicating that investor sentiment is decreasing significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipHorizon Bancorp is a leading dividend payer. It pays a dividend yield of 4.34%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHorizon Bancorp has been increasing its dividend for 12 years.Dividend CoverageThe dividend payout ratio of Horizon Bancorp is 29.91%. 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 33.51% next year. This indicates that Horizon Bancorp will be able to sustain or increase its dividend. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreHorizon Bancorp has received a 37.31% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Cash withdrawal services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Home equity loans", and "Payment platform" products. See details.Environmental SustainabilityThe Environmental Impact score for Horizon Bancorp is -0.61. Previous Next 2.9 News and Social Media Coverage News SentimentHorizon Bancorp has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 16 news articles for Horizon Bancorp this week, compared to 1 article on an average week.Search Interest2 people have searched for HBNC on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows1 people have added Horizon Bancorp to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Horizon Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $35,658.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 3.52% of the stock of Horizon Bancorp is held by insiders.Percentage Held by Institutions56.13% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Horizon Bancorp are expected to grow by 1.06% in the coming year, from $1.89 to $1.91 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Horizon Bancorp is 7.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Horizon Bancorp is 7.02, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 180.21.Price to Book Value per Share RatioHorizon Bancorp has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Horizon Bancorp (NASDAQ:HBNC) StockHorizon Bancorp, Inc. (Indiana) is a bank holding company, which engages in the provision of commercial and retail banking services. It offers personal banking, business banking, investment and trust, and mortgage services. The company was founded in 1873 and is headquartered in Michigan City, IN.Read More Receive HBNC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Horizon Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address HBNC Stock News HeadlinesJanuary 31, 2023 | 247wallst.com10 Biggest Stocks With a New 52-Week LowJanuary 31, 2023 | americanbankingnews.comHorizon Bancorp, Inc. (NASDAQ:HBNC) Short Interest UpdateJanuary 31, 2023 | Investing Trends (Ad)Apple, Amazon, and Walmart are Investing in Solar EnergyThe global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.January 30, 2023 | finance.yahoo.comHorizon Bancorp, Inc. to Host Virtual Investor Day on February 21, 2023January 28, 2023 | americanbankingnews.comHorizon Bancorp (NASDAQ:HBNC) Reaches New 1-Year Low at $14.45January 28, 2023 | americanbankingnews.comHorizon Bancorp (NASDAQ:HBNC) Price Target Cut to $18.00 by Analysts at Raymond JamesJanuary 27, 2023 | finance.yahoo.comHorizon Bancorp, Inc. (NASDAQ:HBNC) Q4 2022 Earnings Call TranscriptJanuary 27, 2023 | nasdaq.comBlackRock Inc. Ups Stake in Horizon Bancorp Inc (HBNC)January 31, 2023 | PressReach (Ad)Top Lithium StockToday's stock market report features a battery metal lithium stock with great potential.January 26, 2023 | finance.yahoo.comHorizon Bancorp (HBNC) Misses Q4 Earnings and Revenue EstimatesJanuary 24, 2023 | msn.comEarnings Outlook For Horizon BancorpJanuary 23, 2023 | finance.yahoo.comShareholders in Horizon Bancorp (NASDAQ:HBNC) are in the red if they invested a year agoJanuary 18, 2023 | marketwatch.comHorizon Bancorp Names Thomas Prame CEO, Starting June 1January 18, 2023 | msn.comHorizon Bancorp names Thomas M. Prame as CEOJanuary 18, 2023 | finance.yahoo.comHorizon Bancorp, Inc. Announces Thomas M. Prame to be Appointed Chief Executive Officer Effective June 1, 2023December 27, 2022 | finance.yahoo.comHorizon Bancorp (NASDAQ:HBNC) Has Announced That It Will Be Increasing Its Dividend To $0.16December 20, 2022 | markets.businessinsider.comHorizon Says UPLIZNA Approved By Brazilian Health Regulatory Agency As Monotherapy For NMOSDDecember 19, 2022 | wsj.comHorizon Bancorp, Inc. Announces Earnings Conference Call to Review Fourth Quarter and Full Year 2022 Results on January 26December 19, 2022 | finance.yahoo.comHorizon Bancorp, Inc. Announces Earnings Conference Call to Review Fourth Quarter and Full Year 2022 Results on January 26December 11, 2022 | bloomberg.comSanofi Says It Won’t Make Offer for Horizon, Joining J&JDecember 2, 2022 | finance.yahoo.comWith 57% ownership of the shares, Horizon Bancorp, Inc. (NASDAQ:HBNC) is heavily dominated by institutional ownersNovember 30, 2022 | finance.yahoo.com10 Best Small Bank Stocks To Invest InNovember 5, 2022 | finance.yahoo.comThomas Prame Just Bought 66% More Shares In Horizon Bancorp, Inc. (NASDAQ:HBNC)October 30, 2022 | seekingalpha.comHorizon Bancorp, Inc. (HBNC) Q3 2022 Earnings Call TranscriptOctober 27, 2022 | seekingalpha.comHorizon Bancorp stock slumps 18% as Q3 miss estimatesOctober 26, 2022 | finance.yahoo.comHorizon Bancorp (HBNC) Q3 Earnings and Revenues Lag EstimatesOctober 24, 2022 | finance.yahoo.comBest Income Stocks to Buy for October 24thSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive HBNC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Horizon Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address HBNC Company Calendar Last Earnings10/26/2021Ex-Dividend for 1/20 Dividend1/05/2023Dividend Payable1/20/2023Today1/31/2023Next Earnings (Estimated)4/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:HBNC CUSIP44040710 CIK706129 Webwww.horizonbank.com Phone(219) 879-0211Fax219-874-9305Employees843Year Founded1873Price Target and Rating Average Stock Price Forecast$18.00 High Stock Price Forecast$18.00 Low Stock Price Forecast$18.00 Forecasted Upside/Downside+18.2%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.14 Trailing P/E Ratio7.12 Forward P/E Ratio8.06 P/E GrowthN/ANet Income$93.41 million Net Margins32.51% Pretax Margin38.81% Return on Equity14.05% Return on Assets1.22% Debt Debt-to-Equity Ratio1.80 Current Ratio0.70 Quick Ratio0.70 Sales & Book Value Annual Sales$283.48 million Price / Sales2.36 Cash Flow$2.61 per share Price / Cash Flow5.83 Book Value$16.62 per share Price / Book0.92Miscellaneous Outstanding Shares43,940,000Free Float42,388,000Market Cap$669.21 million OptionableOptionable Beta0.95 Social Links Key ExecutivesCraig M. DwightChairman & Chief Executive OfficerThomas M. PramePresidentMark E. SecorChief Financial Officer & Executive Vice PresidentKathie A. DeruiterExecutive Vice PresidentTodd A. EtzlerSecretary, Executive VP & General CounselKey CompetitorsGreat Southern BancorpNASDAQ:GSBCCentral Pacific FinancialNYSE:CPFUnivest FinancialNASDAQ:UVSPCommunity Trust BancorpNASDAQ:CTBIHeritage CommerceNASDAQ:HTBKView All CompetitorsInsiders & InstitutionsNew York State Common Retirement FundSold 6,521 shares on 1/30/2023Ownership: 0.070%Signaturefd LLCBought 1,782 shares on 1/30/2023Ownership: 0.005%PL Capital Advisors LLCSold 338,664 shares on 1/26/2023Ownership: 3.904%Strs OhioBought 28,300 shares on 1/26/2023Ownership: 0.095%Hennion & Walsh Asset Management Inc.Bought 1,153 shares on 1/12/2023Ownership: 0.095%View All Insider TransactionsView All Institutional Transactions HBNC Stock - Frequently Asked Questions Should I buy or sell Horizon Bancorp stock right now? 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. What is Horizon Bancorp's stock price forecast for 2023? 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. How have HBNC shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting Horizon Bancorp? 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. When is Horizon Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023. View our HBNC earnings forecast. How were Horizon Bancorp's earnings last quarter? 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. How often does Horizon Bancorp pay dividends? What is the dividend yield for Horizon Bancorp? 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. Is Horizon Bancorp a good dividend stock? 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. When did Horizon Bancorp's stock split? 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. What is Craig M. Dwight's approval rating as Horizon Bancorp's CEO? 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. 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 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). What is Horizon Bancorp's stock symbol? Horizon Bancorp trades on the NASDAQ under the ticker symbol "HBNC." Who are Horizon Bancorp's major shareholders? 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. View institutional ownership trends. How do I buy shares of Horizon Bancorp? 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. Compare Top Brokerages Here. What is Horizon Bancorp's stock price today? One share of HBNC stock can currently be purchased for approximately $15.03. How much money does Horizon Bancorp make? 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. How many employees does Horizon Bancorp have? The company employs 843 workers across the globe. How can I contact Horizon Bancorp? 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. This page (NASDAQ:HBNC) was last updated on 1/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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. 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