NASDAQ:HBNC Horizon Bancorp (HBNC) Stock Price, News & Analysis $15.48 -0.39 (-2.46%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$15.39▼$15.9650-Day Range$11.89▼$16.3752-Week Range$9.22▼$16.62Volume88,699 shsAverage Volume160,360 shsMarket Capitalization$682.92 millionP/E Ratio28.67Dividend Yield4.13%Price Target$15.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Horizon Bancorp alerts: Email Address Horizon Bancorp MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside0.9% Downside$15.33 Price TargetShort InterestHealthy1.63% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.61Upright™ Environmental ScoreNews Sentiment0.23Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth11.59%From $1.38 to $1.54 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.45 out of 5 starsFinance Sector124th out of 871 stocksState Commercial Banks Industry25th out of 177 stocks 1.2 Analyst's Opinion Consensus RatingHorizon Bancorp has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageHorizon Bancorp has only been the subject of 2 research reports in the past 90 days.Read more about Horizon Bancorp's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.63% of the float of Horizon Bancorp has been sold short.Short Interest Ratio / Days to CoverHorizon Bancorp has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Horizon Bancorp has recently decreased by 1.01%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend LeadershipHorizon Bancorp is a leading dividend payer. It pays a dividend yield of 4.00%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHorizon Bancorp has been increasing its dividend for 13 years.Dividend CoverageThe dividend payout ratio of Horizon Bancorp is 118.52%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Horizon Bancorp will have a dividend payout ratio of 41.56% next year. This indicates that Horizon Bancorp will be able to sustain or increase its dividend.Read more about Horizon Bancorp's dividend. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreHorizon Bancorp has received a 37.31% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Cash withdrawal services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Home equity loans", and "Payment platform" products. See details.Environmental SustainabilityThe Environmental Impact score for Horizon Bancorp is -0.61. Previous Next 2.4 News and Social Media Coverage News SentimentHorizon Bancorp has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Horizon Bancorp this week, compared to 2 articles on an average week.Search Interest4 people have searched for HBNC on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Horizon Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 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 2.79% of the stock of Horizon Bancorp is held by insiders.Percentage Held by Institutions64.51% of the stock of Horizon Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Horizon Bancorp's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Horizon Bancorp are expected to grow by 11.59% in the coming year, from $1.38 to $1.54 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Horizon Bancorp is 28.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.80.Price to Earnings Ratio vs. SectorThe P/E ratio of Horizon Bancorp is 28.67, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 31.96.Price to Book Value per Share RatioHorizon Bancorp has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Horizon Bancorp's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Golden CrestBiden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.>> Get Your FREE Wealth Protection Guide << About Horizon Bancorp Stock (NASDAQ:HBNC)Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits. It also provides commercial, residential real estate, mortgage, home equity, auto, personal, business, agricultural, and SBA loans, as well as credit cards. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; debit cards; treasury management; online and mobile banking; wealth, retirement, and estate and trust services; and sells various insurance products. It operates through full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.Read More HBNC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HBNC Stock News HeadlinesSeptember 7 at 5:21 AM | americanbankingnews.comUnion Bankshares (NASDAQ:UNB) & Horizon Bancorp (NASDAQ:HBNC) Head-To-Head AnalysisSeptember 6 at 8:36 PM | finance.yahoo.comHorizon Bancorp (NASDAQ:HBNC) shareholders have earned a 54% return over the last yearSeptember 7, 2024 | Golden Crest (Ad)Biden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.September 6 at 2:35 AM | americanbankingnews.comHorizon Bancorp (NASDAQ:HBNC) Stock Price Passes Above 200 Day Moving Average of $12.95August 31, 2024 | americanbankingnews.comHorizon Bancorp (NASDAQ:HBNC) Lowered to "Sell" at StockNews.comAugust 17, 2024 | seekingalpha.comHorizon Technology: Edging Closer To A Potential Dividend CutAugust 2, 2024 | msn.comImplied Volatility Surging for Horizon Bancorp (HBNC) Stock OptionsJuly 31, 2024 | investing.comHorizon Bancorp shares get price target boost by Piper SandlerSeptember 7, 2024 | Golden Crest (Ad)Biden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.July 27, 2024 | uk.finance.yahoo.comHorizon Bancorp, Inc. (NASDAQ:HBNC) Just Reported And Analysts Have Been Lifting Their Price TargetsJuly 26, 2024 | finance.yahoo.comHorizon Bancorp Second Quarter 2024 Earnings: EPS Beats ExpectationsJuly 26, 2024 | seekingalpha.comHorizon Bancorp, Inc. 2024 Q2 - Results - Earnings Call PresentationJuly 26, 2024 | seekingalpha.comHorizon Bancorp, Inc. 2024 Q2 - Results - Earnings Call PresentationJuly 24, 2024 | gurufocus.comHorizon Bancorp (IN) Q2 Earnings: GAAP EPS of $0.32 Beats Estimates, Revenue Hits $55.76 MillionJuly 24, 2024 | globenewswire.comHorizon Bancorp, Inc. Reports Second Quarter 2024 Results Including EPS of $0.32, Net Interest Margin Expansion, and Growth in Net Interest Income and LoansJuly 21, 2024 | msn.comRaymond James Downgrades First Horizon Corporation - Preferred Stock (FHN.PRC)July 17, 2024 | globenewswire.comHorizon Bank Appoints Michele Samuels and Brian Walker to Serve as Independent DirectorsJune 27, 2024 | globenewswire.comHorizon Bancorp, Inc. Announces Conference Call to Review Second Quarter Results on July 25See More Headlines Receive HBNC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Horizon Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/19 Dividend7/05/2024Dividend Payable7/19/2024Last Earnings7/24/2024Today9/07/2024Next Earnings (Estimated)10/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryRegional Banks Current SymbolNASDAQ:HBNC CUSIP44040710 CIK706129 Webwww.horizonbank.com Phone(219) 879-0211Fax219-874-9305Employees910Year Founded1873Price Target and Rating Average Stock Price Target$15.33 High Stock Price Target$18.00 Low Stock Price Target$12.00 Potential Upside/Downside-0.9%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.54 Trailing P/E Ratio28.67 Forward P/E Ratio11.22 P/E GrowthN/ANet Income$27.98 million Net Margins5.50% Pretax Margin8.59% Return on Equity8.17% Return on Assets0.74% Debt Debt-to-Equity Ratio2.02 Current Ratio0.88 Quick Ratio0.88 Sales & Book Value Annual Sales$180.49 million Price / Sales3.78 Cash Flow$1.94 per share Price / Cash Flow7.98 Book Value$16.62 per share Price / Book0.93Miscellaneous Outstanding Shares44,116,000Free Float42,885,000Market Cap$682.92 million OptionableOptionable Beta1.04 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Thomas M. Prame (Age 54)CEO, President & Director Comp: $810.08kMr. Mark E. Secor CPA (Age 58)Executive VP, CFO, Chief Accounting Officer & Treasurer Comp: $450.25kMs. Kathie A. DeRuiter (Age 62)Executive VP & Senior Operations Officer Comp: $444.27kMr. Todd A. Etzler (Age 57)Executive VP, Chief Legal and Risk Officer & Corporate Secretary Comp: $351.66kMs. Lynn M. Kerber (Age 55)Executive VP & Chief Commercial Banking Officer Comp: $463.99kAmy PharesPublic Relations ManagerMr. Dennis J. Kuhn (Age 64)Regional President for Southwest Michigan Comp: $418.1kMore ExecutivesKey CompetitorsGreat Southern BancorpNASDAQ:GSBCAllegiance BancsharesNASDAQ:ABTXWashington Trust BancorpNASDAQ:WASHLakeland BancorpNASDAQ:LBAIBryn Mawr BankNASDAQ:BMTCView All CompetitorsInstitutional OwnershipSanctuary Advisors LLCBought 12,852 shares on 9/5/2024Ownership: 0.029%Pathway Financial Advisers LLCBought 2,740 shares on 8/20/2024Ownership: 0.020%Pacific Ridge Capital Partners LLCSold 15,375 shares on 8/16/2024Ownership: 0.805%Creative PlanningBought 9,183 shares on 8/16/2024Ownership: 0.117%Mackenzie Financial CorpBought 10,773 shares on 8/15/2024Ownership: 0.024%View All Institutional Transactions HBNC Stock Analysis - Frequently Asked Questions How have HBNC shares performed this year? Horizon Bancorp's stock was trading at $14.31 at the beginning of the year. Since then, HBNC shares have increased by 8.2% and is now trading at $15.48. View the best growth stocks for 2024 here. How were Horizon Bancorp's earnings last quarter? Horizon Bancorp, Inc. (NASDAQ:HBNC) issued its quarterly earnings results on Wednesday, July, 24th. The financial services provider reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The financial services provider had revenue of $97.47 million for the quarter, compared to the consensus estimate of $55.03 million. Horizon Bancorp had a net margin of 5.50% and a trailing twelve-month return on equity of 8.17%. When did Horizon Bancorp's stock split? 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 minted shares were distributed to shareholders after the market closes on Friday, June 15th 2018. An investor that had 100 shares of stock prior to the split would have 150 shares after the split. What is Craig M. Dwight's approval rating as Horizon Bancorp's CEO? 23 employees have rated Horizon Bancorp Chief Executive Officer Craig M. Dwight on Glassdoor.com. Craig M. Dwight has an approval rating of 86% among the company's employees. 76.0% of employees surveyed would recommend working at Horizon Bancorp to a friend. Who are Horizon Bancorp's major shareholders? Top institutional shareholders of Horizon Bancorp include Dimensional Fund Advisors LP (5.16%), The Manufacturers Life Insurance Company (2.10%), Horizon Bancorp Inc. IN (1.44%) and LSV Asset Management (1.25%). Insiders that own company stock include Craig M Dwight, Susan D Aaron, Todd A Etzler, James D Neff and Kathie A Deruiter. View institutional ownership trends. How do I buy shares of Horizon Bancorp? Shares of HBNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Horizon Bancorp own? Based on aggregate information from My MarketBeat watchlists, some other companies that Horizon Bancorp investors own include Altria Group (MO), AT&T (T), AllianceBernstein (AB), ONEOK (OKE), AbbVie (ABBV), Enbridge (ENB) and Enterprise Products Partners (EPD). This page (NASDAQ:HBNC) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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