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NASDAQ:HBNCHorizon Bancorp Stock Price, Forecast & News

$10.26
-0.38 (-3.57 %)
(As of 06/1/2020 04:00 PM ET)
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Compare
Today's Range
$9.80
Now: $10.26
$10.47
50-Day Range
$8.40
MA: $10.05
$12.06
52-Week Range
$7.42
Now: $10.26
$19.48
Volume165,300 shs
Average Volume150,424 shs
Market Capitalization$449.10 million
P/E Ratio6.84
Dividend Yield4.68%
Beta1.3
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.
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Horizon Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.55 out of 5 stars


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$251.39 million
Cash Flow$1.92 per share
Book Value$14.59 per share

Profitability

Net Income$66.54 million

Miscellaneous

Employees716
Market Cap$449.10 million
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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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 reached pandemic status according to the World Health Organization. Since then, HBNC stock has decreased by 14.6% and is now trading at $10.26. View which stocks have been most impacted by Coronavirus.

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, July 22nd 2020. View our earnings forecast for Horizon Bancorp.

How were Horizon Bancorp's earnings last quarter?

Horizon Bancorp Inc (NASDAQ:HBNC) announced its quarterly earnings results on Wednesday, April, 29th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.30 by $0.04. The financial services provider had revenue of $52.99 million for the quarter, compared to analyst estimates of $52.18 million. Horizon Bancorp had a net margin of 25.81% and a return on equity of 10.68%. View Horizon Bancorp's earnings history.

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

Horizon Bancorp declared a quarterly dividend on Friday, March 20th. Shareholders of record on Friday, April 3rd will be given a dividend of $0.12 per share on Friday, April 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Thursday, April 2nd. 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 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.

What price target have analysts set for HBNC?

1 Wall Street analysts have issued 1 year target prices for Horizon Bancorp's shares. Their forecasts range from $14.50 to $14.50. On average, they anticipate Horizon Bancorp's stock price to reach $14.50 in the next twelve months. This suggests a possible upside of 41.3% from the stock's current price. View analysts' price targets for Horizon Bancorp.

Has Horizon Bancorp been receiving favorable news coverage?

Media coverage about HBNC stock has been trending somewhat positive recently, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Horizon Bancorp earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave news articles about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutHorizon Bancorp.

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 AllianceBernstein (AB), Altria Group (MO), Occidental Petroleum (OXY), AT&T (T), AbbVie (ABBV), Franklin Resources (BEN), Walt Disney (DIS), Eastman Chemical (EMN), Enbridge (ENB) and Gilead Sciences (GILD).

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.20%), Advisory Research Inc. (3.84%), The Manufacturers Life Insurance Company (2.88%), State Street Corp (1.91%), Geode Capital Management LLC (1.28%) and Horizon Bancorp Inc. IN (1.09%). Company insiders that own Horizon Bancorp stock include Dennis Kuhn, James D Neff, Larry N Middleton, 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 Wellington Management Group LLP, Advisory Research Inc., Morgan Stanley, THB Asset Management, Valeo Financial Advisors LLC, Parametric Portfolio Associates LLC, UBS Group AG, and Russell Investments Group Ltd.. 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 BlackRock Inc., Bowling Portfolio Management LLC, Natixis Advisors L.P., Geode Capital Management LLC, Raymond James & Associates, Advisor Group Holdings Inc., Engineers Gate Manager LP, and Two Sigma Advisers LP. 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 $10.26.

How big of a company is Horizon Bancorp?

Horizon Bancorp has a market capitalization of $449.10 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 6/1/2020 by MarketBeat.com Staff

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