Horizon Bancorp - HBNC Stock Forecast, Price & News

1 Wall Street 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 analysts is that investors should "buy" HBNC shares.
View HBNC analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 1 year target prices for Horizon Bancorp's shares. Their HBNC share price forecasts range from $22.00 to $22.00. On average, they anticipate the company's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
View analysts price targets for HBNC or view top-rated stocks among Wall Street analysts.

Horizon Bancorp's stock was trading at $20.85 at the beginning of 2022. Since then, HBNC shares have decreased by 2.2% and is now trading at $20.39.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our HBNC earnings forecast.

Horizon Bancorp, Inc. (NASDAQ:HBNC) posted its earnings results on Wednesday, July, 27th. The financial services provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. The financial services provider had revenue of $65.44 million for the quarter, compared to the consensus estimate of $62.97 million. Horizon Bancorp had a net margin of 34.40% and a trailing twelve-month return on equity of 13.65%. During the same period in the prior year, the company posted $0.51 earnings per share.

Horizon Bancorp announced a quarterly dividend on Friday, June 24th. Investors of record on Friday, July 8th will be given a dividend of $0.16 per share on Friday, July 22nd. This represents a $0.64 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, July 7th. This is an increase from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for HBNC.

Horizon Bancorp (NASDAQ:HBNC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 3.11%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBNC will have a dividend payout ratio of 26.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBNC.

Horizon Bancorp's stock 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 payable to shareholders after the market closes on Friday, June 15th 2018. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

8 employees have rated Horizon Bancorp Chief Executive Officer Craig M. Dwight on Glassdoor.com. Craig M. Dwight has an approval rating of 86% among the company's employees.

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).

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 PL Capital Advisors LLC (4.95%), State Street Corp (2.93%), Northern Trust Corp (1.03%), Brandywine Global Investment Management LLC (0.76%), Basswood Capital Management L.L.C. (0.74%) and Renaissance Technologies LLC (0.71%). Insiders that own company stock include Craig M Dwight, Dennis Kuhn, James D Neff, Kathie A Deruiter, Mark E Secor and Michele M Magnuson.
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Shares of HBNC stock 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.
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One share of HBNC stock can currently be purchased for approximately $20.39.

Horizon Bancorp (NASDAQ:HBNC) has a market capitalization of $888.45 million and generates $257.95 million in revenue each year. The financial services provider earns $87.09 million in net income (profit) each year or $2.12 on an earnings per share basis.

The company employs 843 workers across the globe.

Horizon Bancorp was founded in 1873.

Horizon Bancorp's mailing address is 515 FRANKLIN STREET, MICHIGAN CITY IN, 46360. The official website for the company is www.horizonbank.com. The financial services provider can be reached via phone at (219) 879-0211 or via fax at 219-874-9305.