Horizon Bancorp Stock Forecast, Price & News

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. The consensus among Wall Street analysts is that investors should "buy" Horizon Bancorp stock.
View analyst ratings for Horizon Bancorp or view top-rated stocks.

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Horizon Bancorp saw a increase in short interest in the month of August. As of August 13th, there was short interest totaling 383,400 shares, an increase of 33.5% from the July 29th total of 287,200 shares. Based on an average trading volume of 110,400 shares, the days-to-cover ratio is presently 3.5 days. Currently, 1.0% of the company's shares are short sold.
View Horizon Bancorp's Short Interest.

Horizon Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Horizon Bancorp.

Horizon Bancorp, Inc. (NASDAQ:HBNC) issued its quarterly earnings results on Monday, July, 26th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The financial services provider had revenue of $57.84 million for the quarter, compared to the consensus estimate of $56.10 million. Horizon Bancorp had a net margin of 32.13% and a trailing twelve-month return on equity of 12.31%.
View Horizon Bancorp's earnings history.

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 shares have increased by 42.6% and is now trading at $17.14.
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Horizon Bancorp declared a quarterly dividend on Wednesday, June 23rd. Investors of record on Friday, July 2nd will be given a dividend of $0.13 per share on Friday, July 16th. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, July 1st.
View Horizon Bancorp's dividend history.

Horizon Bancorp pays an annual dividend of $0.52 per share and currently has a dividend yield of 3.07%. The dividend payout ratio of Horizon Bancorp is 33.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Horizon Bancorp will have a dividend payout ratio of 27.96% next year. This indicates that Horizon Bancorp will be able to sustain or increase its dividend.
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 minted 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.

1 equities research analysts have issued 1 year price objectives for Horizon Bancorp's stock. Their forecasts range from $21.00 to $21.00. On average, they anticipate Horizon Bancorp's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 22.5% from the stock's current price.
View analysts' price targets for Horizon Bancorp or view top-rated stocks among Wall Street analysts.

8 employees have rated Horizon Bancorp CEO Craig M. Dwight on Glassdoor.com. Craig M. Dwight has an approval rating of 86% among Horizon Bancorp's employees.

Some companies that are related to Horizon Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and First Citizens BancShares (FCNCA).
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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 BlackRock Inc. (7.38%), Vanguard Group Inc. (4.99%), Dimensional Fund Advisors LP (4.67%), PL Capital Advisors LLC (3.08%), The Manufacturers Life Insurance Company (2.94%) and State Street Corp (2.00%). Company insiders that own Horizon Bancorp stock include Craig M Dwight, 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 Oxford Financial Group Ltd., Kennedy Capital Management Inc., BlackRock Inc., Renaissance Technologies LLC, JPMorgan Chase & Co., California Public Employees Retirement System, Brandywine Global Investment Management LLC, and Nuveen Asset Management LLC. Company insiders that have sold Horizon Bancorp company stock in the last year include Craig M Dwight, Dennis Kuhn, James D Neff, Mark E Secor, and Michele M Magnuson.
View insider buying and selling activity for Horizon Bancorp or view top insider-selling stocks.

HBNC stock was purchased by a variety of institutional investors in the last quarter, including Walthausen & Co. LLC, Bridgeway Capital Management LLC, Morgan Stanley, Morgan Stanley, Panagora Asset Management Inc., Basswood Capital Management L.L.C., The Manufacturers Life Insurance Company , and Parametric Portfolio Associates LLC.
View insider buying and selling activity for Horizon Bancorp or or view top insider-buying stocks.

Shares of HBNC 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 $17.14.

Horizon Bancorp has a market capitalization of $753.32 million and generates $265 million in revenue each year. The financial services provider earns $68.50 million in net income (profit) each year or $1.53 on an earnings per share basis.

Horizon Bancorp employs 788 workers across the globe.

Horizon Bancorp was founded in 1873.

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

Horizon Bancorp is headquartered at 515 FRANKLIN STREET, MICHIGAN CITY IN, 46360.

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.