Go Pro

Horizon Bancorp (IN) (HBNC) Competitors

Horizon Bancorp (IN) logo
$19.48 -0.04 (-0.20%)
Closing price 09/18/2026 04:00 PM Eastern
Extended Trading
$19.48 0.00 (-0.03%)
As of 09/18/2026 07:30 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

HBNC vs. BUSE, CNOB, FRME, HOPE, and QCRH

Should you buy Horizon Bancorp (IN) stock or one of its competitors? Horizon Bancorp (IN)'s main competitors and comparable companies include First Busey (BUSE), ConnectOne Bancorp (CNOB), First Merchants (FRME), Hope Bancorp (HOPE), and QCR (QCRH). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "regional banks" industry.

How does Horizon Bancorp (IN) compare to First Busey?

Horizon Bancorp (IN) (NASDAQ:HBNC) and First Busey (NASDAQ:BUSE) are both finance companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, valuation, media sentiment, institutional ownership, risk, profitability, analyst recommendations and dividends.

64.5% of Horizon Bancorp (IN) shares are held by institutional investors. Comparatively, 56.5% of First Busey shares are held by institutional investors. 1.2% of Horizon Bancorp (IN) shares are held by insiders. Comparatively, 3.8% of First Busey shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

In the previous week, Horizon Bancorp (IN) had 1 more articles in the media than First Busey. MarketBeat recorded 5 mentions for Horizon Bancorp (IN) and 4 mentions for First Busey. Horizon Bancorp (IN)'s average media sentiment score of 0.83 beat First Busey's score of 0.50 indicating that Horizon Bancorp (IN) is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Horizon Bancorp (IN)
1 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
First Busey
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Horizon Bancorp (IN) currently has a consensus price target of $22.33, indicating a potential upside of 14.65%. First Busey has a consensus price target of $32.00, indicating a potential upside of 5.54%. Given Horizon Bancorp (IN)'s higher possible upside, analysts clearly believe Horizon Bancorp (IN) is more favorable than First Busey.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Horizon Bancorp (IN)
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40
First Busey
0 Sell rating(s)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57

First Busey has higher revenue and earnings than Horizon Bancorp (IN). Horizon Bancorp (IN) is trading at a lower price-to-earnings ratio than First Busey, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Horizon Bancorp (IN)$405.46M2.47-$150.48M-$3.16N/A
First Busey$1.04B2.40$135.26M$2.4212.53

Horizon Bancorp (IN) pays an annual dividend of $0.64 per share and has a dividend yield of 3.3%. First Busey pays an annual dividend of $1.04 per share and has a dividend yield of 3.4%. Horizon Bancorp (IN) pays out -20.3% of its earnings in the form of a dividend. First Busey pays out 43.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Busey has increased its dividend for 10 consecutive years. First Busey is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Horizon Bancorp (IN) has a beta of 0.81, suggesting that its stock price is 19% less volatile than the broader market. Comparatively, First Busey has a beta of 0.71, suggesting that its stock price is 29% less volatile than the broader market.

First Busey has a net margin of 21.00% compared to Horizon Bancorp (IN)'s net margin of -36.38%. Horizon Bancorp (IN)'s return on equity of 13.31% beat First Busey's return on equity.

Company Net Margins Return on Equity Return on Assets
Horizon Bancorp (IN)-36.38% 13.31% 1.40%
First Busey 21.00%10.48%1.40%

Summary

First Busey beats Horizon Bancorp (IN) on 10 of the 18 factors compared between the two stocks.

How does Horizon Bancorp (IN) compare to ConnectOne Bancorp?

ConnectOne Bancorp (NASDAQ:CNOB) and Horizon Bancorp (IN) (NASDAQ:HBNC) are both small-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, earnings, risk, profitability, valuation, analyst recommendations, media sentiment and dividends.

ConnectOne Bancorp currently has a consensus price target of $35.00, indicating a potential upside of 10.79%. Horizon Bancorp (IN) has a consensus price target of $22.33, indicating a potential upside of 14.65%. Given Horizon Bancorp (IN)'s higher probable upside, analysts plainly believe Horizon Bancorp (IN) is more favorable than ConnectOne Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ConnectOne Bancorp
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80
Horizon Bancorp (IN)
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40

ConnectOne Bancorp has a net margin of 20.21% compared to Horizon Bancorp (IN)'s net margin of -36.38%. Horizon Bancorp (IN)'s return on equity of 13.31% beat ConnectOne Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
ConnectOne Bancorp20.21% 11.24% 1.17%
Horizon Bancorp (IN) -36.38%13.31%1.40%

ConnectOne Bancorp pays an annual dividend of $0.78 per share and has a dividend yield of 2.5%. Horizon Bancorp (IN) pays an annual dividend of $0.64 per share and has a dividend yield of 3.3%. ConnectOne Bancorp pays out 25.6% of its earnings in the form of a dividend. Horizon Bancorp (IN) pays out -20.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. ConnectOne Bancorp has raised its dividend for 4 consecutive years. Horizon Bancorp (IN) is clearly the better dividend stock, given its higher yield and lower payout ratio.

ConnectOne Bancorp has higher revenue and earnings than Horizon Bancorp (IN). Horizon Bancorp (IN) is trading at a lower price-to-earnings ratio than ConnectOne Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ConnectOne Bancorp$679.93M2.34$80.44M$3.0510.36
Horizon Bancorp (IN)$405.46M2.47-$150.48M-$3.16N/A

67.7% of ConnectOne Bancorp shares are held by institutional investors. Comparatively, 64.5% of Horizon Bancorp (IN) shares are held by institutional investors. 5.2% of ConnectOne Bancorp shares are held by company insiders. Comparatively, 1.2% of Horizon Bancorp (IN) shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

In the previous week, Horizon Bancorp (IN) had 5 more articles in the media than ConnectOne Bancorp. MarketBeat recorded 5 mentions for Horizon Bancorp (IN) and 0 mentions for ConnectOne Bancorp. ConnectOne Bancorp's average media sentiment score of 1.00 beat Horizon Bancorp (IN)'s score of 0.83 indicating that ConnectOne Bancorp is being referred to more favorably in the media.

Company Overall Sentiment
ConnectOne Bancorp Positive
Horizon Bancorp (IN) Positive

ConnectOne Bancorp has a beta of 1.03, indicating that its share price is 3% more volatile than the broader market. Comparatively, Horizon Bancorp (IN) has a beta of 0.81, indicating that its share price is 19% less volatile than the broader market.

Summary

ConnectOne Bancorp beats Horizon Bancorp (IN) on 12 of the 19 factors compared between the two stocks.

How does Horizon Bancorp (IN) compare to First Merchants?

First Merchants (NASDAQ:FRME) and Horizon Bancorp (IN) (NASDAQ:HBNC) are both finance companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, analyst recommendations, media sentiment, earnings, dividends, profitability, valuation and risk.

In the previous week, Horizon Bancorp (IN) had 2 more articles in the media than First Merchants. MarketBeat recorded 5 mentions for Horizon Bancorp (IN) and 3 mentions for First Merchants. Horizon Bancorp (IN)'s average media sentiment score of 0.83 beat First Merchants' score of 0.34 indicating that Horizon Bancorp (IN) is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Merchants
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Horizon Bancorp (IN)
1 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

First Merchants has a beta of 0.84, indicating that its share price is 16% less volatile than the broader market. Comparatively, Horizon Bancorp (IN) has a beta of 0.81, indicating that its share price is 19% less volatile than the broader market.

73.9% of First Merchants shares are owned by institutional investors. Comparatively, 64.5% of Horizon Bancorp (IN) shares are owned by institutional investors. 1.8% of First Merchants shares are owned by insiders. Comparatively, 1.2% of Horizon Bancorp (IN) shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

First Merchants has higher revenue and earnings than Horizon Bancorp (IN). Horizon Bancorp (IN) is trading at a lower price-to-earnings ratio than First Merchants, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Merchants$1.05B2.44$226M$3.1213.10
Horizon Bancorp (IN)$405.46M2.47-$150.48M-$3.16N/A

First Merchants has a net margin of 17.05% compared to Horizon Bancorp (IN)'s net margin of -36.38%. Horizon Bancorp (IN)'s return on equity of 13.31% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
First Merchants17.05% 8.86% 1.12%
Horizon Bancorp (IN) -36.38%13.31%1.40%

First Merchants presently has a consensus price target of $49.00, indicating a potential upside of 19.89%. Horizon Bancorp (IN) has a consensus price target of $22.33, indicating a potential upside of 14.65%. Given First Merchants' stronger consensus rating and higher possible upside, equities research analysts clearly believe First Merchants is more favorable than Horizon Bancorp (IN).

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Merchants
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50
Horizon Bancorp (IN)
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40

First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.6%. Horizon Bancorp (IN) pays an annual dividend of $0.64 per share and has a dividend yield of 3.3%. First Merchants pays out 47.4% of its earnings in the form of a dividend. Horizon Bancorp (IN) pays out -20.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Merchants has raised its dividend for 13 consecutive years. First Merchants is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Summary

First Merchants beats Horizon Bancorp (IN) on 13 of the 19 factors compared between the two stocks.

How does Horizon Bancorp (IN) compare to Hope Bancorp?

Horizon Bancorp (IN) (NASDAQ:HBNC) and Hope Bancorp (NASDAQ:HOPE) are both small-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their profitability, media sentiment, valuation, dividends, institutional ownership, earnings, risk and analyst recommendations.

In the previous week, Horizon Bancorp (IN) had 4 more articles in the media than Hope Bancorp. MarketBeat recorded 5 mentions for Horizon Bancorp (IN) and 1 mentions for Hope Bancorp. Hope Bancorp's average media sentiment score of 1.84 beat Horizon Bancorp (IN)'s score of 0.83 indicating that Hope Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Horizon Bancorp (IN)
1 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hope Bancorp
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Horizon Bancorp (IN) presently has a consensus target price of $22.33, suggesting a potential upside of 14.65%. Hope Bancorp has a consensus target price of $15.50, suggesting a potential upside of 11.03%. Given Horizon Bancorp (IN)'s higher probable upside, analysts plainly believe Horizon Bancorp (IN) is more favorable than Hope Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Horizon Bancorp (IN)
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40
Hope Bancorp
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

Hope Bancorp has higher revenue and earnings than Horizon Bancorp (IN). Horizon Bancorp (IN) is trading at a lower price-to-earnings ratio than Hope Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Horizon Bancorp (IN)$405.46M2.47-$150.48M-$3.16N/A
Hope Bancorp$967.63M1.84$61.59M$1.0013.96

Horizon Bancorp (IN) pays an annual dividend of $0.64 per share and has a dividend yield of 3.3%. Hope Bancorp pays an annual dividend of $0.56 per share and has a dividend yield of 4.0%. Horizon Bancorp (IN) pays out -20.3% of its earnings in the form of a dividend. Hope Bancorp pays out 56.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

64.5% of Horizon Bancorp (IN) shares are owned by institutional investors. Comparatively, 84.0% of Hope Bancorp shares are owned by institutional investors. 1.2% of Horizon Bancorp (IN) shares are owned by company insiders. Comparatively, 2.3% of Hope Bancorp shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Hope Bancorp has a net margin of 12.53% compared to Horizon Bancorp (IN)'s net margin of -36.38%. Horizon Bancorp (IN)'s return on equity of 13.31% beat Hope Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Horizon Bancorp (IN)-36.38% 13.31% 1.40%
Hope Bancorp 12.53%5.71%0.70%

Horizon Bancorp (IN) has a beta of 0.81, suggesting that its share price is 19% less volatile than the broader market. Comparatively, Hope Bancorp has a beta of 0.83, suggesting that its share price is 17% less volatile than the broader market.

Summary

Hope Bancorp beats Horizon Bancorp (IN) on 12 of the 18 factors compared between the two stocks.

How does Horizon Bancorp (IN) compare to QCR?

Horizon Bancorp (IN) (NASDAQ:HBNC) and QCR (NASDAQ:QCRH) are both small-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, profitability, media sentiment, risk, institutional ownership, earnings, dividends and analyst recommendations.

Horizon Bancorp (IN) presently has a consensus target price of $22.33, suggesting a potential upside of 14.65%. QCR has a consensus target price of $108.40, suggesting a potential upside of 8.42%. Given Horizon Bancorp (IN)'s higher possible upside, equities analysts clearly believe Horizon Bancorp (IN) is more favorable than QCR.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Horizon Bancorp (IN)
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40
QCR
0 Sell rating(s)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57

Horizon Bancorp (IN) has a beta of 0.81, suggesting that its share price is 19% less volatile than the broader market. Comparatively, QCR has a beta of 0.73, suggesting that its share price is 27% less volatile than the broader market.

64.5% of Horizon Bancorp (IN) shares are owned by institutional investors. Comparatively, 70.0% of QCR shares are owned by institutional investors. 1.2% of Horizon Bancorp (IN) shares are owned by company insiders. Comparatively, 3.2% of QCR shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Horizon Bancorp (IN) pays an annual dividend of $0.64 per share and has a dividend yield of 3.3%. QCR pays an annual dividend of $0.40 per share and has a dividend yield of 0.4%. Horizon Bancorp (IN) pays out -20.3% of its earnings in the form of a dividend. QCR pays out 4.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Horizon Bancorp (IN) is clearly the better dividend stock, given its higher yield and lower payout ratio.

QCR has a net margin of 22.86% compared to Horizon Bancorp (IN)'s net margin of -36.38%. Horizon Bancorp (IN)'s return on equity of 13.31% beat QCR's return on equity.

Company Net Margins Return on Equity Return on Assets
Horizon Bancorp (IN)-36.38% 13.31% 1.40%
QCR 22.86%12.87%1.50%

QCR has higher revenue and earnings than Horizon Bancorp (IN). Horizon Bancorp (IN) is trading at a lower price-to-earnings ratio than QCR, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Horizon Bancorp (IN)$405.46M2.47-$150.48M-$3.16N/A
QCR$603.75M2.71$127.19M$8.4611.82

In the previous week, QCR had 2 more articles in the media than Horizon Bancorp (IN). MarketBeat recorded 7 mentions for QCR and 5 mentions for Horizon Bancorp (IN). QCR's average media sentiment score of 0.97 beat Horizon Bancorp (IN)'s score of 0.83 indicating that QCR is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Horizon Bancorp (IN)
1 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
QCR
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

QCR beats Horizon Bancorp (IN) on 13 of the 18 factors compared between the two stocks.

Get Horizon Bancorp (IN) News Delivered to You Automatically

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

Subscribe Now
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding HBNC and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip Chart

Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Skip Chart

HBNC vs. The Competition

MetricHorizon Bancorp (IN)Banks IndustryFinance SectorNASDAQ Exchange
Market Cap$1.00B$23.56B$13.82B$13.19B
Dividend Yield3.29%3.07%5.95%12.81%
P/E Ratio-6.1627.0325.3125.40
Price / Sales2.479.32511.0789.45
Price / Cash9.9115.5143.4251.42
Price / Book1.451.372.736.33
Net Income-$150.48M$2.58B$1.31B$358.33M
7 Day Performance-1.52%-0.71%-0.59%1.12%
1 Month Performance-0.56%0.54%0.16%-2.39%
1 Year Performance18.06%22.23%7.82%5.35%

Horizon Bancorp (IN) Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HBNC
Horizon Bancorp (IN)
2.835 of 5 stars
$19.48
-0.2%
$22.33
+14.6%
+18.1%$1.00B$405.46MN/A491
BUSE
First Busey
3.6789 of 5 stars
$30.42
-0.8%
$32.00
+5.2%
+22.6%$2.51B$1.04B12.571,948
CNOB
ConnectOne Bancorp
3.5829 of 5 stars
$31.86
-1.4%
$35.00
+9.9%
+22.4%$1.60B$679.93M10.45520
FRME
First Merchants
4.4427 of 5 stars
$41.17
-2.1%
$49.00
+19.0%
+1.4%$2.59B$1.05B13.202,086
HOPE
Hope Bancorp
4.469 of 5 stars
$13.98
-1.1%
$15.50
+10.9%
+27.6%$1.79B$967.63M13.981,434

Related Companies and Tools


This page (NASDAQ:HBNC) was last updated on 9/20/2026 by MarketBeat.com Staff.
From Our Partners