Horizon Bancorp, Inc. (HBNC)

NASDAQ: HBNC · IEX Real-Time Price · USD
16.32
+0.08 (0.49%)
Feb 3, 2023, 4:00 PM EST - Market closed
0.49%
Market Cap 717.02M
Revenue (ttm) 257.97M
Net Income (ttm) 93.67M
Shares Out 43.93M
EPS (ttm) 2.15
PE Ratio 7.59
Forward PE 7.75
Dividend $0.63 (3.86%)
Ex-Dividend Date Oct 6, 2022
Volume 218,403
Open 16.21
Previous Close 16.24
Day's Range 16.11 - 16.44
52-Week Range 14.45 - 21.33
Beta 0.91
Analysts Buy
Price Target 18.36 (+12.5%)
Earnings Date Jan 26, 2023

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 various 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; and sells various insurance products. It operates through a network of 78 full-service offices in northern and central Indiana and southe... [Read more]

Sector Financials
Founded 1873
Employees 843
Stock Exchange NASDAQ
Ticker Symbol HBNC
Full Company Profile

Financial Performance

In 2021, HBNC's revenue was $241.73 million, an increase of 15.21% compared to the previous year's $209.81 million. Earnings were $87.09 million, an increase of 27.14%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for HBNC stock is "Buy." The 12-month stock price forecast is $18.36, which is an increase of 12.50% from the latest price.

Price Target
$18.36
(12.50% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Horizon Bancorp, Inc. to Host Virtual Investor Day on February 21, 2023

MICHIGAN CITY, Ind., Jan. 30, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host its 2022 Virtual Investor Day at 11:00 a.m. CT on Tuesday, Februar...

5 days ago - GlobeNewsWire

Horizon Bancorp (HBNC) Misses Q4 Earnings and Revenue Estimates

Horizon Bancorp (HBNC) delivered earnings and revenue surprises of -2.04% and 7%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

Horizon Bancorp, Inc. Announces Record Earnings for 2022

MICHIGAN CITY, Ind., Jan. 25, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced its unaudited financial results for the three and twelve months ...

1 week ago - GlobeNewsWire

Horizon Bancorp, Inc. Announces Thomas M. Prame to be Appointed Chief Executive Officer Effective June 1, 2023

MICHIGAN CITY, Ind., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (“Horizon”) (NASDAQ GS: HBNC) and Horizon Bank announced that Thomas M. Prame will be appointed the Chief Executive Officer...

2 weeks ago - GlobeNewsWire

6 Historically High-Yield Stocks Gurus Like

After a rough year in 2022, many investors are looking for some stability within their portfolios.

Other symbols: CTRAHNIINTCLAZWU
3 weeks ago - GuruFocus

Horizon Bank Announces the retirement of Daniel Hopp and Appointment of Vanessa Williams as New Director

MICHIGAN CITY, Ind., Dec. 20, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon”) announced today the retirement of Daniel F. Hopp from the Board of Directors (the “Board”) an...

1 month ago - GlobeNewsWire

Horizon Bancorp, Inc. Announces Earnings Conference Call to Review Fourth Quarter and Full Year 2022 Results on January 26

MICHIGAN CITY, Ind., Dec. 19, 2022 (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, January 26, 2023 ...

1 month ago - GlobeNewsWire

Horizon Bancorp (HBNC) Q3 Earnings and Revenues Lag Estimates

Horizon Bancorp (HBNC) delivered earnings and revenue surprises of -5.17% and 5.80%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Horizon Bancorp, Inc. Reports Third Quarter 2022 EPS of $0.55; Strong Loan Growth Continues to Offset Non–interest Income and Expense Headwinds

MICHIGAN CITY, Ind., Oct. 26, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced its unaudited financial results for the three– and nine–months e...

3 months ago - GlobeNewsWire

Best Income Stocks to Buy for October 24th

FCCO, HBNC and ATEN made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 24, 2022.

Other symbols: ATENFCCO
3 months ago - Zacks Investment Research

Horizon Bancorp (HBNC) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Horizon Bancorp (HBNC) have what it takes?

3 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for September 26th

EBC, HBNC and GWW made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 26, 2022.

Other symbols: EBCGWW
4 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for September 22nd

PTSI, HBNC and TPG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 22, 2022.

Other symbols: PTSITPG
4 months ago - Zacks Investment Research

Why Horizon Bancorp (HBNC) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Horizon Bancorp (HBNC) have what it takes?

5 months ago - Zacks Investment Research

Why Horizon Bancorp (HBNC) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Horizon Bancorp (HBNC) have what it takes?

5 months ago - Zacks Investment Research

Horizon Bancorp (HBNC) is a Top Dividend Stock Right Now: Should You Buy?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Horizon Bancorp (HBNC) have what it takes?

6 months ago - Zacks Investment Research

Horizon Bancorp, Inc. Announces the Appointment of Banking Industry Leader Thomas Prame as President

MICHIGAN CITY, Ind., Aug. 02, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon” or the “Company”) today announced that it named Thomas M. Prame as President of the Company an...

6 months ago - GlobeNewsWire

This is Why Horizon Bancorp (HBNC) is a Great Dividend Stock

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Horizon Bancorp (HBNC) have what it takes?

6 months ago - Zacks Investment Research

Horizon Bancorp (HBNC) Beats Q2 Earnings and Revenue Estimates

Horizon Bancorp (HBNC) delivered earnings and revenue surprises of 12% and 3.93%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Horizon Bancorp, Inc. Reports Record Second Quarter 2022 EPS of $0.57

MICHIGAN CITY, Ind., July 27, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced its unaudited financial results for the three– and six–months en...

6 months ago - GlobeNewsWire

Horizon Bancorp, Inc. Announces Earnings Conference Call to Review Second Quarter 2022 Results on July 28

MICHIGAN CITY, Ind., June 30, 2022 (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 28, 2022 to ...

7 months ago - GlobeNewsWire

Horizon Bancorp, Inc. Increases Quarterly Dividend by 6.67% to $0.16 per Share

MICHIGAN CITY, Ind., June 24, 2022 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (NASDAQ GS: HBNC) announced that its Board of Directors approved a 6.67% increase in its quarterly cash dividend from $0.15...

8 months ago - GlobeNewsWire

Horizon Bancorp, Inc. Elects New Lead Director

MICHIGAN CITY, Ind., June 24, 2022 (GLOBE NEWSWIRE) -- Horizon Bancorp Inc.'s (NASDAQ GS: HBNC) independent directors, at its June 21, 2022 meeting, held a confidential ballot to elect a new Lead Dire...

8 months ago - GlobeNewsWire

Wall Street Analysts Think Horizon Bancorp (HBNC) Could Surge 29%: Read This Before Placing a Bet

The mean of analysts' price targets for Horizon Bancorp (HBNC) points to a 28.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among ...

8 months ago - Zacks Investment Research

Horizon Bancorp (HBNC) Q1 Earnings and Revenues Surpass Estimates

Horizon Bancorp (HBNC) delivered earnings and revenue surprises of 14.89% and 3.53%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research