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NASDAQ:HBNC

Horizon Bancorp Stock Forecast, Price & News

$9.56
-0.19 (-1.95 %)
(As of 09/22/2020 12:00 AM ET)
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Today's Range
$9.49
Now: $9.56
$9.94
50-Day Range
$9.75
MA: $10.88
$11.48
52-Week Range
$7.42
Now: $9.56
$19.48
Volume199,769 shs
Average Volume150,913 shs
Market Capitalization$419.44 million
P/E Ratio6.55
Dividend Yield4.92%
Beta1.32
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers demand and time deposits. Its loan portfolio comprises commercial, residential 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 63 full service offices and 3 loan and deposit production offices in Northern and Central regions of Indiana, as well as Southern, Central, and Great Lakes bay regions of Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
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Horizon Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.38 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HBNC
CUSIP44040710
Phone219-879-0211

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$251.39 million
Cash Flow$1.72 per share
Book Value$14.59 per share

Profitability

Net Income$66.54 million

Miscellaneous

Employees716
Market Cap$419.44 million
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$9.56
-0.19 (-1.95 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Horizon Bancorp (NASDAQ:HBNC) Frequently Asked Questions

How has Horizon Bancorp's stock been impacted by COVID-19 (Coronavirus)?

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. Since then, HBNC shares have decreased by 20.5% and is now trading at $9.56.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Horizon Bancorp?

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
.

When is Horizon Bancorp's next earnings date?

Horizon Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Horizon Bancorp
.

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp Inc (NASDAQ:HBNC) posted its earnings results on Wednesday, July, 29th. The financial services provider reported $0.32 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.22 by $0.10. The financial services provider earned $54.12 million during the quarter, compared to analysts' expectations of $52.50 million. Horizon Bancorp had a return on equity of 10.12% and a net margin of 25.36%.
View Horizon Bancorp's earnings history
.

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

Horizon Bancorp announced a quarterly dividend on Friday, September 18th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.12 per share on Friday, October 16th. This represents a $0.48 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Thursday, October 1st.
View Horizon Bancorp's dividend history
.

When did Horizon Bancorp's stock split? How did Horizon Bancorp's stock split work?

Shares of Horizon Bancorp split 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 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 1 year price objectives for Horizon Bancorp's stock. Their forecasts range from $14.50 to $14.50. On average, they anticipate Horizon Bancorp's share price to reach $14.50 in the next year. This suggests a possible upside of 51.7% from the stock's current price.
View analysts' price targets for Horizon Bancorp
.

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), AbbVie (ABBV), ONEOK (OKE), Enbridge (ENB), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), Huntington Bancshares (HBAN) and International Paper (IP).

Who are Horizon Bancorp's key executives?

Horizon Bancorp's management team includes the following people:
  • Mr. Craig M. Dwight, Chairman & CEO (Age 62)
  • Mr. James D. Neff, Pres (Age 59)
  • Mr. Mark E. Secor, Exec. VP & CFO (Age 53)
  • Ms. Kathie A. DeRuiter, Exec. VP (Age 57)
  • Mr. Dennis J. Kuhn, Exec. VP (Age 59)

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 investors include Vanguard Group Inc. (4.20%), Advisory Research Inc. (1.94%), Horizon Bancorp Inc. IN (1.68%), Comerica Bank (1.20%), Nuveen Asset Management LLC (0.97%) and Pacific Ridge Capital Partners LLC (0.86%). Company insiders that own Horizon Bancorp stock include Dennis Kuhn, James D Neff, Mark E Secor, Michele M Magnuson and Steven William Reed.
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 Advisory Research Inc., CX Institutional, Stifel Financial Corp, Tradition Asset Management LLC, LSV Asset Management, Bowling Portfolio Management LLC, UBS Group AG, and ClariVest Asset Management LLC. 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
.

Which institutional investors are buying Horizon Bancorp stock?

HBNC stock was bought by a variety of institutional investors in the last quarter, including Horizon Bancorp Inc. IN, Nuveen Asset Management LLC, Bank of Montreal Can, Goldman Sachs Group Inc., Pacific Ridge Capital Partners LLC, AQR Capital Management LLC, Comerica Bank, and Foundry Partners LLC. 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
.

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, Robinhood, Fidelity, and Charles Schwab.

What is Horizon Bancorp's stock price today?

One share of HBNC stock can currently be purchased for approximately $9.56.

How big of a company is Horizon Bancorp?

Horizon Bancorp has a market capitalization of $419.44 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.

What is Horizon Bancorp's official website?

The official website for Horizon Bancorp is 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.

This page was last updated on 9/23/2020 by MarketBeat.com Staff

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