Horizon Bancorp, Inc. (HBNC)

Horizon Bancorp Stock Forecast

Stock Price Forecast

The 3 analysts that cover Horizon Bancorp stock have a consensus rating of "Buy" and an average price target of $19.67, which forecasts a 20.09% increase in the stock price over the next year. The lowest target is $18 and the highest is $22.

Price Target: $19.67 (+20.09%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$18	$19.67	$19	$22
Change	+9.89%	+20.09%	+16.00%	+34.31%

Analyst Ratings

The average analyst rating for Horizon Bancorp stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Apr '25	May '25	Jun '25	Jul '25	Aug '25	Sep '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	1	2
Hold	2	2	2	2	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Terry McEvoy Stephens & Co.	Stephens & Co.	Buy Maintains $19 → $22	Buy	Maintains	$19 → $22	+34.31%	Sep 2, 2025
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold → Buy Upgrades $18 → $19	Hold → Buy	Upgrades	$18 → $19	+16.00%	Aug 26, 2025
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $17 → $18	Hold	Maintains	$17 → $18	+9.89%	Jul 28, 2025
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $17 → $18	Hold	Maintains	$17 → $18	+9.89%	Jul 25, 2025
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $18 → $17	Hold	Maintains	$18 → $17	+3.79%	Apr 28, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

274.87M

Increased by 47.63%

from 186.19M

Revenue Next Year

285.95M

Increased by 4.03%

from 274.87M

EPS This Year

1.93

Increased by 141.40%

from 0.80

EPS Next Year

1.95

Increased by 0.93%

from 1.93

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	208.59M	232.48M	248.14M	182.69M	186.19M	274.87M	285.95M
Revenue Growth	3.53%	11.45%	6.74%	-26.38%	1.91%	47.63%	4.03%
EPS	1.55	1.98	2.14	0.64	0.80	1.93	1.95
EPS Growth	1.32%	27.74%	8.08%	-70.09%	25.00%	141.40%	0.93%
Forward PE	-	-	-	-	-	8.48	8.40
No. Analysts	-	-	-	-	-	8	8

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	289.8M	297.4M
Avg	274.9M	286.0M
Low	259.1M	269.6M

Revenue Growth

Revenue Growth	2025	2026
High	55.7%	8.2%
Avg	47.6%	4.0%
Low	39.2%	-1.9%

EPS Forecast

EPS	2025	2026
High	2.06	2.08
Avg	1.93	1.95
Low	1.71	1.85

EPS Growth

EPS Growth	2025	2026
High	157.2%	7.7%
Avg	141.4%	0.9%
Low	113.2%	-4.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.