Horizon Bancorp Inc's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 9 out of 397 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 21.20.In the medium term, the stock price is expected to trend up.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Horizon Bancorp Inc's Score
Industry at a Glance
Industry Ranking
9 / 397
Overall Ranking
45 / 4564
Industry
Banking Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Negative
Horizon Bancorp Inc Highlights
StrengthsRisks
Horizon Bancorp, Inc. is a commercial bank holding company for Horizon Bank (the Bank), which serves customers across Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Its retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. It also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. The Company operates in a single segment, namely, commercial banking. The Bank maintains approximately 71 full-service offices. It has wholly owned direct and indirect subsidiaries: Horizon Investments, Inc., Horizon Properties, Inc., Horizon Insurance Services, Inc., Horizon Grantor Trust and Wolverine Commercial Holdings, LLC.
Growing
The company is in a growing phase, with the latest annual income totaling USD -48.17M.
Turnaround to Loss
The company's performance has turned to a loss, with the latest annual loss of USD .
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 79.96%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 79.96%.
Overvalued
The company’s latest PB is 1.50, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 44.58M shares, increasing 6.44% quarter-over-quarter.
Horizon Bancorp, Inc. is a commercial bank holding company for Horizon Bank (the Bank), which serves customers across Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Its retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. It also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. The Company operates in a single segment, namely, commercial banking. The Bank maintains approximately 71 full-service offices. It has wholly owned direct and indirect subsidiaries: Horizon Investments, Inc., Horizon Properties, Inc., Horizon Insurance Services, Inc., Horizon Grantor Trust and Wolverine Commercial Holdings, LLC.