NASDAQ:HBNCHorizon Bancorp Stock Price, Forecast & News

Horizon Bancorp's stock was trading at $12.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, HBNC shares have decreased by 14.7% and is now trading at $10.25. View which stocks have been most impacted by Coronavirus.

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.

Horizon Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Horizon Bancorp.

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 analysts' consensus estimates of $0.30 by $0.04. The financial services provider earned $52.99 million during the quarter, compared to the consensus estimate of $52.18 million. Horizon Bancorp had a return on equity of 10.68% and a net margin of 25.81%. View Horizon Bancorp's earnings history.

Horizon Bancorp announced a quarterly dividend on Friday, March 20th. Stockholders of record on Friday, April 3rd will be given a dividend of $0.12 per share on Friday, April 17th. This represents a $0.48 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Thursday, April 2nd. View Horizon Bancorp's dividend history.

Shares of Horizon Bancorp 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 issued 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.

1 brokers have issued twelve-month target prices for Horizon Bancorp's shares. Their forecasts range from $14.50 to $14.50. On average, they anticipate Horizon Bancorp's stock price to reach $14.50 in the next twelve months. This suggests a possible upside of 41.5% from the stock's current price. View analysts' price targets for Horizon Bancorp.

Media coverage about HBNC stock has been trending negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. 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 -2.2 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutHorizon Bancorp.

Some companies that are related to Horizon Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

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).

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 investors include BlackRock Inc. (6.20%), Advisory Research Inc. (3.84%), The Manufacturers Life Insurance Company (2.88%), State Street Corp (1.91%), Geode Capital Management LLC (1.28%) and Horizon Bancorp Inc. IN (1.09%). Company insiders that own Horizon Bancorp stock include Dennis Kuhn, James D Neff, Larry N Middleton, Mark E Secor, Michele M Magnuson and Steven William Reed. View institutional ownership trends for Horizon Bancorp.

HBNC stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Advisory Research Inc., Morgan Stanley, THB Asset Management, Valeo Financial Advisors LLC, Parametric Portfolio Associates LLC, UBS Group AG, and Russell Investments Group Ltd.. Company insiders that have sold Horizon Bancorp company stock in the last year include Dennis Kuhn, Mark E Secor, and Michele M Magnuson. View insider buying and selling activity for Horizon Bancorp.

HBNC stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Bowling Portfolio Management LLC, Natixis Advisors L.P., Geode Capital Management LLC, Raymond James & Associates, Advisor Group Holdings Inc., Engineers Gate Manager LP, and Two Sigma Advisers LP. Company insiders that have bought Horizon Bancorp stock in the last two years include James D Neff, and Steven William Reed. View insider buying and selling activity for 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.

One share of HBNC stock can currently be purchased for approximately $10.25.

Horizon Bancorp has a market capitalization of $448.64 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.

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

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.