Horizon Bancorp, Inc. (HBNC)

NASDAQ: HBNC · IEX Real-Time Price · USD
11.99
+0.01 (0.08%)
Mar 4, 2024, 4:00 PM EST - Market closed
0.08%
Market Cap 528.39M
Revenue (ttm) 220.44M
Net Income (ttm) 74.36M
Shares Out 44.11M
EPS (ttm) 1.71
PE Ratio 7.12
Forward PE 9.15
Dividend $0.64 (5.34%)
Ex-Dividend Date Jan 4, 2024
Volume 116,015
Open 11.98
Previous Close 11.98
Day's Range 11.86 - 12.22
52-Week Range 7.69 - 15.27
Beta 1.00
Analysts Hold
Price Target 13.00 (+8.42%)
Earnings Date Apr 24, 2024

About HBNC

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers saving, money market, and time deposits, as well as non-interest and interest bearing demand deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. 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... [Read more]

Sector Financials
Founded 1873
Employees 852
Stock Exchange NASDAQ
Ticker Symbol HBNC
Full Company Profile

Financial Performance

In 2022, HBNC's revenue was $248.79 million, an increase of 5.49% compared to the previous year's $235.84 million. Earnings were $93.41 million, an increase of 7.25%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for HBNC stock is "Hold." The 12-month stock price forecast is $13.0, which is an increase of 8.42% from the latest price.

Price Target
$13.0
(8.42% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Horizon Bank Appoints David Pendley President of Mortgage Banking

MICHIGAN CITY, Ind., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Horizon Bank announced the appointment of David Pendley as the divisional President of Mortgage Banking.

13 days ago - GlobeNewsWire

Horizon Bancorp, Inc. Announces Fourth Quarter and Full Year 2023 Results, Successfully Executes Balance Sheet Restructuring for Future Earnings Growth

Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced its unaudited financial results for the three and twelve months ended December 31, 2023.

5 weeks ago - GlobeNewsWire

Horizon Bancorp, Inc. Announces Earnings Conference Call to Review Fourth Quarter and Full Year 2023 Results on January 25

Horizon Bank will host a conference call at 7:30 a.m. CT on Thursday, January 25, 2024 to review its fourth quarter and full year 2023 financial results.

2 months ago - GlobeNewsWire

Horizon Bancorp, Inc. Announces Balance Sheet Repositioning

MICHIGAN CITY, Ind., Dec. 12, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced the execution ...

2 months ago - GlobeNewsWire

Horizon Bancorp, Inc. Announces Key Leadership Changes

MICHIGAN CITY, Ind., Nov. 07, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced the succession plan for its chief financial officer (“CFO”) and ...

4 months ago - GlobeNewsWire

Horizon Bank Announces Equipment Finance Division led by Joel Mikolich

MICHIGAN CITY, Ind., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Horizon Bank announced today the formation of a new equipment finance division to be led by Joel Mikolich as the division President.

4 months ago - GlobeNewsWire

Horizon Bancorp, Inc. Reports Third Quarter 2023 Results

MICHIGAN CITY, Ind., Oct. 25, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced its unaudited ...

4 months ago - GlobeNewsWire

Horizon Bancorp, Inc. Announces Earnings Conference Call to Review Third Quarter Results on October 26

MICHIGAN CITY, Ind., Sept. 21, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, October 26, 2023...

5 months ago - GlobeNewsWire

HORIZON BANK ALERT: Bragar Eagel & Squire, P.C. is Investigating Horizon Bancorp, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Horizon Bancorp, Inc. (NASDAQ: HBNC) on beha...

6 months ago - Business Wire

Horizon Bancorp, Inc. Reports Second Quarter 2023 Results

MICHIGAN CITY, Ind., July 26, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced its unaudited ...

7 months ago - GlobeNewsWire

5 Historically High-Yield Stocks Gurus Agree On

Marking the 12th consecutive month of declines, inflation rose only 3% in June according to the consumer price index. This was below economists' expectations of a 3.1% increase.

Other symbols: CTRAINDBMDUWU
8 months ago - GuruFocus

Horizon Bancorp, Inc. Announces Earnings Conference Call to Review Second Quarter Results on July 27

MICHIGAN CITY, Ind., June 28, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, July 27, 2023 to ...

8 months ago - GlobeNewsWire

HBNC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of June 20, 2023 in the Class Action Filed on Behalf of Horizon Bancorp, Inc. Shareholders

NEW YORK , June 20, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Horizon Bancorp, Inc. (NASDAQ: HBNC) alleging that the C...

9 months ago - PRNewsWire

CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Horizon Investors of a Lead Plaintiff Deadline of June 20, 2023

NEW YORK , June 19, 2023 /PRNewswire/ -- Attention Horizon Bancorp, Inc. ("Horizon") (NASDAQ: HBNC) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on ...

9 months ago - PRNewsWire

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Horizon Bancorp, Inc. (HBNC)

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming June 20, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors...

9 months ago - Business Wire

HBNC SHAREHOLDER ALERT: Jakubowitz Law Reminds Horizon Shareholders of a Lead Plaintiff Deadline of June 20, 2023

NEW YORK , June 16, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Horizon Bancorp, Inc. (NASDAQ: HBNC). To recei...

9 months ago - PRNewsWire

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Horizon Bancorp, Inc. of Class Action Lawsuit and Upcoming Deadline - HBNC

NEW YORK , June 15, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Horizon Bancorp, Inc. ("Horizon" or the "Company") (NASDAQ: HBNC), and certain offic...

9 months ago - PRNewsWire

Investor Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Horizon Bancorp, Inc. (HBNC) Investors of Class Action and Last Days to Actively Participate

NEW YORK--(BUSINESS WIRE)---- $HBNC #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Horizon Bancorp, Inc. (...

9 months ago - Business Wire

HBNC LAWSUIT ALERT: Levi & Korsinsky Notifies Horizon Bancorp, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK , June 15, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Horizon Bancorp, Inc. ("Horizon" or the "Company") (NASDAQ: HBNC) of a class action securities lawsuit. CLASS DEFIN...

9 months ago - PRNewsWire

HBNC Investors Have Opportunity to Lead Horizon Bancorp, Inc. Securities Fraud Lawsuit

LOS ANGELES , June 14, 2023 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit agai...

9 months ago - PRNewsWire

HORIZON SHAREHOLDER ACTION REMINDER: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Horizon To Contact Him Directly To Discuss Their Options

NEW YORK , June 10, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Horizon Bancorp, Inc. ("Horizon" or the "Company") (NAS...

9 months ago - PRNewsWire

KBRA Affirms Ratings for Horizon Bancorp, Inc.

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Michigan City, IN-based Horizon ...

9 months ago - Business Wire

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Horizon Bancorp, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 7, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Horizon Bancorp, Inc. ("Horizon Ba...

9 months ago - Accesswire

JUNE DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Horizon Bancorp, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 6, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Horizon Bancorp, Inc. ("Horizon Ba...

9 months ago - Accesswire

ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Horizon Bancorp, Inc. Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - HBNC

NEW YORK , June 5, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminders purchasers of securities of Horizon Bancorp, Inc. (NASDAQ: HBNC) between March 9, 2022 and Ma...

9 months ago - PRNewsWire