Horizon Bancorp, Inc. (HBNC)

Horizon Bancorp Stock Forecast

Stock Price Forecast

According to 5 analysts polled by S&P Global, Horizon Bancorp stock has a consensus rating of "Buy" and an average price target of $21.2. The average 1-year stock price forecast is 16.16% higher than the current stock price, while the lowest is $21 (+15.07%) and the highest is $22 (+20.55%).

Price Target: $21.2 (+16.16%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$21	$21.2	$21	$22
Change	+15.07%	+16.16%	+15.07%	+20.55%

* Price targets were last updated on Apr 27, 2026.

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	Oct '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	3	3	2	3	3	3
Buy	1	1	1	1	1	1
Hold	2	2	2	2	2	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	5	6	6	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $22 → $21	Hold	Maintains	$22 → $21	+15.07%	Apr 27, 2026
Damon Delmonte KBW	KBW	Buy Reiterates $21	Buy	Reiterates	$21	+15.07%	Apr 24, 2026
Brandon Rud Stephens	Stephens	Buy Initiates $20	Buy	Initiates	$20	+9.59%	Mar 27, 2026

Financial Forecast

Revenue This Year

314.18M

from -28.86M

Revenue Next Year

330.38M

Increased by 5.16%

from 314.18M

EPS This Year

2.12

from -3.24

EPS Next Year

2.26

Increased by 6.57%

from 2.12

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	232.48M	248.14M	185.28M	186.19M	-28.86M	314.18M	330.38M
Revenue Growth	11.45%	6.74%	-25.33%	0.49%	-	-	5.16%
EPS	1.98	2.14	0.64	0.80	-3.24	2.12	2.26
EPS Growth	27.74%	8.08%	-70.09%	25.00%	-	-	6.57%
Forward PE	-	-	-	-	-	8.59	8.06
No. Analysts	-	-	-	-	-	7	7

Revenue Forecast

Revenue	2026	2027
High	324.3M	342.7M
Avg	314.2M	330.4M
Low	301.4M	315.9M

Revenue Growth

Revenue Growth	2026	2027
High	-	9.1%
Avg	-	5.2%
Low	-	0.5%

EPS Forecast

EPS	2026	2027
High	2.24	2.38
Avg	2.12	2.26
Low	1.99	2.15

EPS Growth

EPS Growth	2026	2027
High	-	12.2%
Avg	-	6.6%
Low	-	1.0%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Financial forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.