NASDAQ:HBNC Horizon Bancorp Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Horizon Bancorp Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $10.35 +0.04 (+0.39 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$10.13Now: $10.35▼$10.4450-Day Range$10.05MA: $10.87▼$11.4852-Week Range$7.42Now: $10.35▼$19.48Volume361,296 shsAverage Volume150,378 shsMarket Capitalization$454.10 millionP/E Ratio7.09Dividend Yield4.66%Beta1.32 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.5 Analyst's Opinion Consensus RatingHorizon Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.50, Horizon Bancorp has a forecasted upside of 40.1% from its current price of $10.35.Amount of Analyst CoverageHorizon Bancorp has received no research coverage in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesHorizon Bancorp has received 282 “outperform” votes. (Add your “outperform” vote.)Underperform VotesHorizon Bancorp has received 365 “underperform” votes. (Add your “underperform” vote.)Community SentimentHorizon Bancorp has received 56.41% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipHorizon Bancorp is a leading dividend payer. It pays a dividend yield of 4.66%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHorizon Bancorp has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Horizon Bancorp is 29.27%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Horizon Bancorp will have a dividend payout ratio of 41.38% next year. This indicates that Horizon Bancorp will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Horizon Bancorp insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.40% of the stock of Horizon Bancorp is held by insiders.Percentage Held by Institutions51.93% of the stock of Horizon Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Horizon Bancorp are expected to decrease by -12.12% in the coming year, from $1.32 to $1.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Horizon Bancorp is 7.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Horizon Bancorp is 7.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.50.Price to Book Value per Share RatioHorizon Bancorp has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:HBNC Previous Symbol CUSIP44040710 CIK706129 Webwww.horizonbank.com Phone219-879-0211Debt Debt-to-Equity Ratio1.07 Current Ratio0.96 Quick Ratio0.96Price-To-Earnings Trailing P/E Ratio7.09 Forward P/E Ratio7.84 P/E GrowthN/A Sales & Book Value Annual Sales$251.39 million Price / Sales1.81 Cash Flow$1.88 per share Price / Cash Flow5.50 Book Value$14.59 per share Price / Book0.71Profitability EPS (Most Recent Fiscal Year)$1.64 Net Income$66.54 million Net Margins25.36% Return on Equity10.12% Return on Assets1.21%Miscellaneous Employees716 Outstanding Shares43,874,000Market Cap$454.10 million Next Earnings Date10/28/2020 (Estimated) OptionableOptionable $10.35 +0.04 (+0.39 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart 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. 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 13.9% and is now trading at $10.35. 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) released its 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 the consensus estimate of $52.50 million. Horizon Bancorp had a net margin of 25.36% and a return on equity of 10.12%. 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. Investors 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 annualized dividend and a dividend yield of 4.64%. 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? 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 distributed 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 analysts have issued twelve-month price objectives for Horizon Bancorp's shares. Their forecasts range from $14.50 to $14.50. On average, they expect Horizon Bancorp's share price to reach $14.50 in the next year. This suggests a possible upside of 40.1% from the stock's current price. View analysts' price targets for Horizon Bancorp. Who are some of Horizon Bancorp's key competitors? 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), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) and Cullen/Frost Bankers (CFR). View all 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 variety 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 major 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 major 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 $10.35. How big of a company is Horizon Bancorp? Horizon Bancorp has a market capitalization of $454.10 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 9/18/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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