NASDAQ:HBNC - Horizon Bancorp Stock Price, News, & Analysis

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$16.11 -0.12 (-0.74 %)
(As of 12/11/2018 03:43 PM ET)
Previous Close$16.23
Today's Range$15.95 - $16.34
52-Week Range$16.04 - $22.13
Volume11,017 shs
Average Volume68,584 shs
Market Capitalization$629.62 million
P/E Ratio15.83
Dividend Yield2.44%
Beta1.11
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. Its loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; and 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 62 full service offices in Northern and Central Indiana, as well as Southern, Central, and Great Lakes bay regions of Michigan. The company was founded in 1873 and is headquartered in Michigan City, Indiana.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HBNC
Previous Symbol
CUSIP44040710
Phone219-879-0211

Debt

Debt-to-Equity Ratio1.08
Current Ratio0.97
Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio15.83
Forward P/E Ratio11.51
P/E GrowthN/A

Sales & Book Value

Annual Sales$161.62 million
Price / Sales3.82
Cash Flow$1.2158 per share
Price / Cash Flow13.25
Book Value$11.94 per share
Price / Book1.35

Profitability

EPS (Most Recent Fiscal Year)$1.02
Net Income$33.11 million
Net Margins24.49%
Return on Equity10.28%
Return on Assets1.19%

Miscellaneous

Employees701
Outstanding Shares38,370,000
Market Cap$629.62 million
OptionableOptionable

Horizon Bancorp (NASDAQ:HBNC) Frequently Asked Questions

What is Horizon Bancorp's stock symbol?

Horizon Bancorp trades on the NASDAQ under the ticker symbol "HBNC."

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

Horizon Bancorp declared a quarterly dividend on Friday, September 21st. Investors of record on Friday, October 5th will be paid a dividend of $0.10 per share on Friday, October 19th. This represents a $0.40 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, October 4th. 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 the morning of 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 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.

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp Inc (NASDAQ:HBNC) released its quarterly earnings results on Monday, October, 29th. The financial services provider reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.38 by $0.06. The financial services provider earned $42.46 million during the quarter, compared to the consensus estimate of $43.43 million. Horizon Bancorp had a net margin of 24.49% and a return on equity of 10.28%. View Horizon Bancorp's Earnings History.

When is Horizon Bancorp's next earnings date?

Horizon Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, January 23rd 2019. View Earnings Estimates for Horizon Bancorp.

What price target have analysts set for HBNC?

4 equities research analysts have issued 12-month target prices for Horizon Bancorp's shares. Their forecasts range from $19.6667 to $24.00. On average, they expect Horizon Bancorp's stock price to reach $21.75 in the next twelve months. This suggests a possible upside of 35.0% from the stock's current price. View Analyst Price Targets for Horizon Bancorp.

What is the consensus analysts' recommendation for Horizon Bancorp?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Horizon Bancorp.

Has Horizon Bancorp been receiving favorable news coverage?

Headlines about HBNC stock have been trending somewhat positive on Tuesday, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Horizon Bancorp earned a news sentiment score of 1.5 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near future.

Who are some of Horizon Bancorp's key competitors?

Who are Horizon Bancorp's key executives?

Horizon Bancorp's management team includes the folowing people:
  • Mr. Craig M. Dwight, Chairman & CEO (Age 61)
  • Mr. James D. Neff, Pres (Age 58)
  • Mr. Mark E. Secor, Exec. VP & CFO (Age 52)
  • Ms. Kathie A. DeRuiter, Exec. VP & Sr. Bank Operations Officer of Horizon Bank (Age 56)
  • Attorney Dona L. Lucker, Shareholder Relations Officer & Exec. Assistant

Who are Horizon Bancorp's major shareholders?

Horizon Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.73%), Advisory Research Inc. (4.38%), The Manufacturers Life Insurance Company (4.34%), Vanguard Group Inc. (4.30%), Dimensional Fund Advisors LP (4.07%) and Epoch Investment Partners Inc. (2.84%). Company insiders that own Horizon Bancorp stock include Craig M Dwight, David G Rose, Dennis Kuhn, Eric P Blackhurst, James D Neff, Kathie A Deruiter, Larry N Middleton, Mark E Secor, Maurice F Winkler III, Michele M Thompson, Steven William Reed and Thomas H Edwards. 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 First Trust Advisors LP, Pacific Ridge Capital Partners LLC, JPMorgan Chase & Co., Epoch Investment Partners Inc., Credit Suisse AG, Morgan Stanley, Prudential Financial Inc. and Foundry Partners LLC. Company insiders that have sold Horizon Bancorp company stock in the last year include Craig M Dwight, Dennis Kuhn, James D Neff, Kathie A Deruiter, Larry N Middleton and Michele M Thompson. View Insider Buying and Selling for Horizon Bancorp.

Which institutional investors are buying Horizon Bancorp stock?

HBNC stock was purchased by a variety of institutional investors in the last quarter, including Advisory Research Inc., Dimensional Fund Advisors LP, Indiana Trust & Investment Management CO, The Manufacturers Life Insurance Company , Comerica Bank, BlackRock Inc., Renaissance Technologies LLC and GSA Capital Partners LLP. Company insiders that have bought Horizon Bancorp stock in the last two years include Eric P Blackhurst, James D Neff, Maurice F Winkler III and Steven William Reed. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Horizon Bancorp's stock price today?

One share of HBNC stock can currently be purchased for approximately $16.11.

How big of a company is Horizon Bancorp?

Horizon Bancorp has a market capitalization of $629.62 million and generates $161.62 million in revenue each year. The financial services provider earns $33.11 million in net income (profit) each year or $1.02 on an earnings per share basis. Horizon Bancorp employs 701 workers across the globe.

What is Horizon Bancorp's official website?

The official website for Horizon Bancorp is http://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.


MarketBeat Community Rating for Horizon Bancorp (NASDAQ HBNC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  207 (Vote Outperform)
Underperform Votes:  241 (Vote Underperform)
Total Votes:  448
MarketBeat's community ratings are surveys of what our community members think about Horizon Bancorp and other stocks. Vote "Outperform" if you believe HBNC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HBNC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/11/2018 by MarketBeat.com Staff

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