Horizon Bancorp Inc's fundamentals are relatively healthy, and its growth potential is good.Its valuation is considered fairly valued, ranking 148/403 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 19.60.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong 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
148 / 403
Overall Ranking
221 / 4568
Industry
Banking Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
6
analysts
Buy
Current Rating
19.600
Target Price
+12.45%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
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.
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 1.37, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 33.69M shares, increasing 2.60% 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.
Ticker SymbolHBNC
CompanyHorizon Bancorp Inc
CEOPrame (Thomas M)
Websitehttps://www.horizonbank.com/
FAQs
What is the current price of Horizon Bancorp Inc (HBNC)?
The current price of Horizon Bancorp Inc (HBNC) is 17.600.
What is the symbol of Horizon Bancorp Inc?
The ticker symbol of Horizon Bancorp Inc is HBNC.
What is the 52-week high of Horizon Bancorp Inc?
The 52-week high of Horizon Bancorp Inc is 18.700.
What is the 52-week low of Horizon Bancorp Inc?
The 52-week low of Horizon Bancorp Inc is 12.700.
What is the market capitalization of Horizon Bancorp Inc?
The market capitalization of Horizon Bancorp Inc is 901.43M.
What is the net income of Horizon Bancorp Inc?
The net income of Horizon Bancorp Inc is 35.43M.
Is Horizon Bancorp Inc (HBNC) currently rated as Buy, Hold, or Sell?
According to analysts, Horizon Bancorp Inc (HBNC) has an overall rating of Buy, with a price target of 19.600.
What is the Earnings Per Share (EPS TTM) of Horizon Bancorp Inc (HBNC)?
The Earnings Per Share (EPS TTM) of Horizon Bancorp Inc (HBNC) is -4.194.