NASDAQ:HBNC

Horizon Bancorp Stock Forecast, Price & News

$16.98
-0.87 (-4.87 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$16.85
$17.67
50-Day Range
$16.98
$19.13
52-Week Range
$9.02
$20.17
Volume271,914 shs
Average Volume119,816 shs
Market Capitalization$746.25 million
P/E Ratio9.70
Dividend Yield2.91%
Beta1.31
30 days | 90 days | 365 days | Advanced Chart
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Horizon Bancorp logo

About Horizon Bancorp

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers demand and time deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers 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 73 full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.

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Industry, Sector and Symbol

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MarketRank

Overall MarketRank

1.86 out of 5 stars

Finance Sector

342nd out of 1,971 stocks

State Commercial Banks Industry

57th out of 308 stocks

Analyst Opinion: 2.5Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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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 year. 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.

When is Horizon Bancorp's next earnings date?

Horizon Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 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 Tuesday, April, 27th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.41 by $0.05. The financial services provider had revenue of $56.41 million for the quarter, compared to the consensus estimate of $58.53 million. Horizon Bancorp had a trailing twelve-month return on equity of 11.44% and a net margin of 29.41%.
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. Since then, HBNC stock has increased by 41.3% and is now trading at $16.98.
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 Wednesday, March 17th. Shareholders of record on Friday, April 2nd will be given a dividend of $0.13 per share on Friday, April 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Wednesday, March 31st. This is a positive change from Horizon Bancorp's previous quarterly dividend of $0.12.
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 2.91%. 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 29.21% 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 shares 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 issued 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.

What price target have analysts set for HBNC?

1 brokers have issued 12 month price objectives for Horizon Bancorp's stock. Their forecasts range from $19.00 to $19.00. On average, they expect Horizon Bancorp's share price to reach $19.00 in the next year. This suggests a possible upside of 11.9% 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:
  • Mr. Craig M. Dwight, Chairman & CEO (Age 64, Pay $1.02M)
  • Mr. James D. Neff, Pres (Age 61, Pay $623.82k)
  • Mr. Mark E. Secor CPA, Exec. VP, CFO, Chief Accounting Officer & Treasurer (Age 55, Pay $482.33k)
  • Ms. Kathie A. DeRuiter, Exec. VP & Sr. Bank Operations Officer (Age 59, Pay $408.24k)
  • Mr. Dennis J. Kuhn, Exec. VP & Chief Commercial Banking Officer (Age 61, Pay $377.32k)
  • Mr. Todd A. Etzler, Exec. VP, Corp. Sec. & Gen. Counsel (Age 54)
  • Mr. Daniel R. Buresh, Asst. Chief Accounting Officer & Asst. Treasurer (Age 62)
  • Ms. Lynn M. Kerber, Exec. VP & Sr. Commercial Credit Officer (Age 52)

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.

Who are some of Horizon Bancorp's key competitors?

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (7.63%), Dimensional Fund Advisors LP (4.60%), Janus Henderson Group PLC (4.14%), PL Capital Advisors LLC (3.04%), The Manufacturers Life Insurance Company (2.85%) and Geode Capital Management LLC (1.61%). 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 Renaissance Technologies LLC, Northern Trust Corp, Pacific Ridge Capital Partners LLC, Arrowstreet Capital Limited Partnership, Thrivent Financial for Lutherans, Bank of Montreal Can, AQR Capital Management LLC, and BHZ Capital Management LP. 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 Janus Henderson Group PLC, BlackRock Inc., Geode Capital Management LLC, HRT Financial LP, State Board of Administration of Florida Retirement System, Kennedy Capital Management Inc., Venture Visionary Partners LLC, and Barclays PLC.
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 $16.98.

How much money does Horizon Bancorp make?

Horizon Bancorp has a market capitalization of $746.25 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 761 workers across the globe.

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 6/20/2021 by MarketBeat.com Staff
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