NASDAQ:HBNCHorizon Bancorp Stock Price, Forecast & News

Horizon Bancorp's stock was trading at $12.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HBNC shares have decreased by 9.6% and is now trading at $10.87.
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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."
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Horizon Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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Horizon Bancorp Inc (NASDAQ:HBNC) released its quarterly earnings results on Wednesday, July, 29th. The financial services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.10. The financial services provider earned $54.12 million during the quarter, compared to analyst estimates 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.

Horizon Bancorp announced a quarterly dividend on Monday, June 15th. Shareholders of record on Friday, July 3rd will be given a dividend of $0.12 per share on Friday, July 17th. This represents a $0.48 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Wednesday, July 1st.
View Horizon Bancorp's dividend history.

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 created 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.

1 analysts have issued 1 year price objectives for Horizon Bancorp's shares. Their forecasts range from $14.50 to $14.50. On average, they expect Horizon Bancorp's stock price to reach $14.50 in the next year. This suggests a possible upside of 33.4% from the stock's current price.
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Press coverage about HBNC stock has trended negative on Saturday, InfoTrie reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Horizon Bancorp earned a daily sentiment score of -2.5 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about Horizon Bancorp.

Some companies that are related to Horizon Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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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 shareholders include Comerica Bank (1.20%), LSV Asset Management (0.76%), Foundry Partners LLC (0.58%), Tradition Asset Management LLC (0.32%), Swiss National Bank (0.21%) and WINTON GROUP Ltd (0.16%). 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 CX Institutional, Tradition Asset Management LLC, LSV Asset Management, Bowling Portfolio Management LLC, and UBS Group AG. 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 Comerica Bank, Foundry Partners LLC, Eidelman Virant Capital, Pennsylvania Capital Management Inc. ADV, First Quadrant L P CA, Zurcher Kantonalbank Zurich Cantonalbank , WINTON GROUP Ltd, and Russell Investments Group Ltd.. 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 $10.87.

Horizon Bancorp has a market capitalization of $476.87 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.