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

Sign in or create an account to add this stock to your watchlist.
$17.82 +0.16 (+0.91 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$17.66
Today's Range$17.62 - $17.82
52-Week Range$14.79 - $22.13
Volume73,754 shs
Average Volume100,543 shs
Market Capitalization$683.72 million
P/E Ratio14.03
Dividend Yield2.27%
Beta0.96
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.

Receive HBNC News and Ratings via Email

Sign-up to receive the latest news and ratings for HBNC and its competitors with MarketBeat's FREE daily newsletter.

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$200.58 million
Cash Flow$1.2479 per share
Book Value$11.94 per share

Profitability

Net Income$53.12 million

Miscellaneous

Employees701
Market Cap$683.72 million
Next Earnings Date4/24/2019 (Estimated)
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 announced a quarterly dividend on Friday, December 21st. Shareholders of record on Friday, January 4th will be given a dividend of $0.10 per share on Friday, January 18th. This represents a $0.40 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, January 3rd. 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 before market open 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.

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp Inc (NASDAQ:HBNC) posted its quarterly earnings results on Tuesday, January, 29th. The financial services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by $0.03. The financial services provider earned $42.31 million during the quarter, compared to analyst estimates of $43.50 million. Horizon Bancorp had a net margin of 26.48% and a return on equity of 10.72%. 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, April 24th 2019. View Earnings Estimates for Horizon Bancorp.

What price target have analysts set for HBNC?

2 brokerages have issued twelve-month price objectives for Horizon Bancorp's stock. Their predictions range from $20.00 to $20.00. On average, they expect Horizon Bancorp's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price. View Analyst Price Targets for Horizon Bancorp.

What is the consensus analysts' recommendation for Horizon Bancorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Bancorp in the last year. There are currently 2 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?

Press coverage about HBNC stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Horizon Bancorp earned a daily sentiment score of 1.7 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press 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?

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 Brown-Forman (BF.B), Malibu Boats (MBUU), Altria Group (MO), 3M (MMM), Anadarko Petroleum (APC), Jagged Peak Energy (JAG), Intuit (INTU), Aspen Technology (AZPN), First Bank (FRBA) and QUALCOMM (QCOM).

Who are Horizon Bancorp's key executives?

Horizon Bancorp's management team includes the folowing 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 & Sr. Bank Operations Officer of Horizon Bank (Age 57)
  • Attorney Dona L. Lucker, Shareholder Relations Officer & Exec. Assistant

Who are Horizon Bancorp's major shareholders?

Horizon Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.90%), Dimensional Fund Advisors LP (4.32%), Epoch Investment Partners Inc. (2.72%), Geode Capital Management LLC (1.32%), Northern Trust Corp (1.18%) and LSV Asset Management (0.62%). Company insiders that own Horizon Bancorp stock include Craig M Dwight, Dennis Kuhn, Eric P Blackhurst, James D Neff, Kathie A Deruiter, Larry N Middleton, Mark E Secor, Michele M Thompson, Steven William Reed and Thomas H Edwards. View Institutional Ownership Trends for Horizon Bancorp.

Which major investors are selling Horizon Bancorp stock?

HBNC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Epoch Investment Partners Inc., Two Sigma Investments LP, First Trust Advisors LP, Natixis Advisors L.P., Indiana Trust & Investment Management CO, Thrivent Financial for Lutherans and ClariVest Asset Management 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 and Larry N Middleton. View Insider Buying and Selling for Horizon Bancorp.

Which major investors are buying Horizon Bancorp stock?

HBNC stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, BlackRock Inc., Martingale Asset Management L P, Rothschild & Co. Asset Management US Inc., Rhumbline Advisers, Capital Asset Advisory Services LLC, Mackay Shields LLC and Bank of America Corp DE. Company insiders that have bought Horizon Bancorp stock in the last two years include Eric P Blackhurst, James D Neff 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 $17.82.

How big of a company is Horizon Bancorp?

Horizon Bancorp has a market capitalization of $683.72 million and generates $200.58 million in revenue each year. The financial services provider earns $53.12 million in net income (profit) each year or $1.27 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:  215 (Vote Outperform)
Underperform Votes:  255 (Vote Underperform)
Total Votes:  470
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 2/23/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel