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NASDAQ:HBNC

Horizon Bancorp Stock Forecast, Price & News

$18.28
+0.79 (+4.52 %)
(As of 09/27/2021 12:00 AM ET)
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Compare
Today's Range
$17.51
$18.42
50-Day Range
$15.83
$18.46
52-Week Range
$9.66
$20.17
Volume103,011 shs
Average Volume114,933 shs
Market Capitalization$803.42 million
P/E Ratio9.52
Dividend Yield2.97%
Beta1.29
30 days | 90 days | 365 days | Advanced Chart
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Horizon Bancorp logo

About Horizon Bancorp

Horizon 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.

Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:HBNC
CUSIP
44040710
Employees
788
Year Founded
1873

Sales & Book Value

Annual Sales
$265 million
Cash Flow
$2.11 per share
Book Value
$15.77 per share

Profitability

Net Income
$68.50 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$803.42 million
Next Earnings Date
10/27/2021 (Estimated)
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

2.24 out of 5 stars

Finance Sector

427th out of 1,332 stocks

State Commercial Banks Industry

85th out of 232 stocks

Analyst Opinion: 2.5Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -












Horizon Bancorp (NASDAQ:HBNC) Frequently Asked Questions

Is Horizon Bancorp a buy right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Horizon Bancorp stock.
View analyst ratings for Horizon Bancorp
or view top-rated stocks.

What stocks does MarketBeat like better than Horizon Bancorp?

Wall Street analysts have given Horizon Bancorp a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Horizon Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Horizon Bancorp?

Horizon Bancorp saw a increase in short interest during 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 currently 3.5 days. Approximately 1.0% of the shares of the stock are short sold.
View Horizon Bancorp's Short Interest
.

When is Horizon Bancorp's next earnings date?

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

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp, Inc. (NASDAQ:HBNC) posted its quarterly earnings results on Monday, July, 26th. The financial services provider reported $0.50 EPS for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.06. The financial services provider earned $57.84 million during the quarter, compared to analyst estimates 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
.

How has Horizon Bancorp's stock been impacted by Coronavirus?

Horizon Bancorp's stock was trading at $12.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, HBNC shares have increased by 52.1% and is now trading at $18.28.
View which stocks have been most impacted by COVID-19
.

How often does Horizon Bancorp pay dividends? What is the dividend yield for Horizon Bancorp?

Horizon Bancorp declared a quarterly dividend on Thursday, September 23rd. Shareholders of record on Friday, October 8th will be given a dividend of $0.15 per share on Friday, October 22nd. This represents a $0.60 annualized dividend and a yield of 3.28%. The ex-dividend date is Thursday, October 7th. This is an increase from Horizon Bancorp's previous quarterly dividend of $0.13.
View Horizon Bancorp's dividend history
.

Is Horizon Bancorp a good dividend stock?

Horizon Bancorp pays an annual dividend of $0.52 per share and currently has a dividend yield of 2.97%. Horizon Bancorp does not yet have a strong track record of dividend growth. 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.

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 created 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.

What price target have analysts set for HBNC?

1 brokerages have issued 1 year price targets for Horizon Bancorp's shares. Their forecasts range from $21.00 to $21.00. On average, they anticipate Horizon Bancorp's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price.
View analysts' price targets for Horizon Bancorp
or view top-rated stocks among Wall Street analysts.

Who are Horizon Bancorp's key executives?

Horizon Bancorp's management team includes the following people:
  • Craig M. Dwight, Chairman & Chief Executive Officer
  • James D. Neff, President
  • Mark E. Secor, Chief Financial Officer & Executive Vice President
  • Kathie A. Deruiter, Executive Vice President
  • Todd A. Etzler, Secretary, Executive VP & General Counsel

What is Craig M. Dwight's approval rating as Horizon Bancorp's CEO?

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.

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 a number of institutional and retail 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
.

Which institutional investors are selling Horizon Bancorp stock?

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.

Which institutional investors are buying Horizon Bancorp stock?

HBNC stock was bought 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.

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 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 $18.28.

How much money does Horizon Bancorp make?

Horizon Bancorp has a market capitalization of $803.42 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.

How many employees does Horizon Bancorp have?

Horizon Bancorp employs 788 workers across the globe.

When was Horizon Bancorp founded?

Horizon Bancorp was founded in 1873.

What is Horizon Bancorp's official website?

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

Where are Horizon Bancorp's headquarters?

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

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.


This page was last updated on 9/27/2021 by MarketBeat.com Staff

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