NASDAQ:HBNC - Horizon Bancorp Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$17.03 0.00 (0.00 %)
(As of 11/16/2018 04:00 PM ET)
Previous Close$17.03
Today's Range$16.82 - $17.25
52-Week Range$16.36 - $22.13
Volume66,030 shs
Average Volume66,879 shs
Market Capitalization$639.59 million
P/E Ratio16.70
Dividend Yield2.40%
Beta1.13
Horizon Bancorp, Inc. 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. The company was founded in 1873 and is headquartered in Michigan City, Indiana.

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.

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HBNC
Previous Symbol
CUSIP44040710
Phone219-879-0211

Debt

Debt-to-Equity Ratio1.08
Current Ratio0.97
Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio16.70
Forward P/E Ratio11.99
P/E GrowthN/A

Sales & Book Value

Annual Sales$161.62 million
Price / Sales4.04
Cash Flow$1.2652 per share
Price / Cash13.46
Book Value$12.45 per share
Price / Book1.37

Profitability

EPS (Most Recent Fiscal Year)$1.02
Net Income$33.11 million
Net Margins24.49%
Return on Equity10.28%
Return on Assets1.19%

Miscellaneous

Employees701
Outstanding Shares38,370,000
Market Cap$639.59 million
OptionableOptionable

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 Friday, September 21st. Investors of record on Friday, October 5th will be given a dividend of $0.10 per share on Friday, October 19th. This represents a $0.40 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, October 4th. 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 before market open on Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly issued shares were payable to shareholders after the market closes 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) announced its earnings results on Monday, October, 29th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.38 by $0.06. The financial services provider earned $42.46 million during the quarter, compared to analysts' expectations of $43.43 million. Horizon Bancorp had a return on equity of 10.28% and a net margin of 24.49%. View Horizon Bancorp's Earnings History.

When is Horizon Bancorp's next earnings date?

Horizon Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, January 23rd 2019. View Earnings Estimates for Horizon Bancorp.

What price target have analysts set for HBNC?

4 Wall Street analysts have issued 1 year target prices for Horizon Bancorp's stock. Their predictions range from $19.6667 to $24.00. On average, they anticipate Horizon Bancorp's share price to reach $21.75 in the next year. This suggests a possible upside of 27.7% from the stock's current price. View Analyst Price Targets for Horizon Bancorp.

What is the consensus analysts' recommendation for Horizon Bancorp?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Horizon Bancorp.

Has Horizon Bancorp been receiving favorable news coverage?

News headlines about HBNC stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Horizon Bancorp earned a coverage optimism score of 1.6 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an impact on the company's share price in the immediate future.

Who are some of Horizon Bancorp's key competitors?

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 (Age 52)
  • Ms. Kathie A. DeRuiter, Exec. VP & Sr. Bank Operations Officer of Horizon Bank (Age 56)
  • Attorney Dona L. Lucker, Shareholder Relations Officer & Exec. Assistant

Who are Horizon Bancorp's major shareholders?

Horizon Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.73%), Advisory Research Inc. (4.38%), The Manufacturers Life Insurance Company (4.34%), Dimensional Fund Advisors LP (4.07%), Epoch Investment Partners Inc. (2.84%) and Renaissance Technologies LLC (2.52%). 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, Larry N Middleton, 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 First Trust Advisors LP, Pacific Ridge Capital Partners LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Epoch Investment Partners Inc., Credit Suisse AG, Prudential Financial Inc. and Foundry Partners LLC. 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, Larry N Middleton, Mark E Secor and Michele M Thompson. View Insider Buying and Selling for Horizon Bancorp.

Which institutional investors are buying Horizon Bancorp stock?

HBNC stock was purchased by a variety of institutional investors in the last quarter, including Advisory Research Inc., Dimensional Fund Advisors LP, Indiana Trust & Investment Management CO, The Manufacturers Life Insurance Company , Comerica Bank, BlackRock Inc., Renaissance Technologies LLC and GSA Capital Partners LLP. 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 $17.03.

How big of a company is Horizon Bancorp?

Horizon Bancorp has a market capitalization of $639.59 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 $1.02 on an earnings per share basis. Horizon Bancorp employs 701 workers across the globe.

What is Horizon Bancorp's official website?

The official website for Horizon Bancorp is http://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.


MarketBeat Community Rating for Horizon Bancorp (NASDAQ HBNC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  206 (Vote Outperform)
Underperform Votes:  240 (Vote Underperform)
Total Votes:  446
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.
This page was last updated on 11/17/2018 by MarketBeat.com Staff

Featured Article: Institutional Investors

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel