Horizon Bancorp Stock Forecast, Price & News

1 Wall Street equities research 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 equities research analysts is that investors should "buy" Horizon Bancorp stock.
View analyst ratings for Horizon Bancorp or view top-rated stocks.

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Horizon Bancorp saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 301,000 shares, a drop of 35.4% from the June 15th total of 465,800 shares. Based on an average trading volume of 111,400 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.8% of the company's shares are short sold.
View Horizon Bancorp's Short Interest.

Horizon Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Horizon Bancorp.

Horizon Bancorp, Inc. (NASDAQ:HBNC) announced its earnings results on Monday, July, 26th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. Horizon Bancorp had a trailing twelve-month return on equity of 11.44% and a net margin of 29.41%.
View Horizon Bancorp's earnings history.

Horizon Bancorp's stock was trading at $12.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, HBNC stock has increased by 39.8% and is now trading at $16.80.
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Horizon Bancorp declared a quarterly dividend on Wednesday, June 23rd. Investors of record on Friday, July 2nd will be paid a dividend of $0.13 per share on Friday, July 16th. This represents a $0.52 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, July 1st.
View Horizon Bancorp's dividend history.

Horizon Bancorp pays an annual dividend of $0.52 per share and currently has a dividend yield of 3.09%. Horizon Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Horizon Bancorp is 33.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Horizon Bancorp will have a dividend payout ratio of 29.21% next year. This indicates that Horizon Bancorp will be able to sustain or increase its dividend.
View Horizon Bancorp's dividend history.

Horizon Bancorp's stock split before market open on Monday, June 18th 2018. The 3-2 split was announced on Wednesday, May 16th 2018. The newly minted shares were distributed 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.

1 Wall Street analysts have issued twelve-month price targets for Horizon Bancorp's shares. Their forecasts range from $20.00 to $20.00. On average, they anticipate Horizon Bancorp's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price.
View analysts' price targets for Horizon Bancorp or view top-rated stocks among Wall Street analysts.

8 employees have rated Horizon Bancorp CEO Craig M. Dwight on Glassdoor.com. Craig M. Dwight has an approval rating of 86% among Horizon Bancorp's employees.

Some companies that are related to Horizon Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and Commerce Bancshares (CBSH).
View all of HBNC's competitors.

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."

Shares of HBNC 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 $16.80.

Horizon Bancorp has a market capitalization of $738.34 million and generates $265 million in revenue each year. The financial services provider earns $68.50 million in net income (profit) each year or $1.53 on an earnings per share basis.

Horizon Bancorp employs 761 workers across the globe.

The official website for Horizon Bancorp is www.horizonbank.com.

Horizon Bancorp is headquartered at 515 FRANKLIN STREET, MICHIGAN CITY IN, 46360.

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.