Streetbeat News

HBNC

Horizon Bancorp, Inc.

https://www.horizonbank.com

Industry

Banks - Regional

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 southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.

Open

17.95

Mkt cap

789M

Volume

187K

High

18.16

P/E Ratio

37.58

52-wk high

18.86

Low

17.91

Div yield

0.04

52-wk low

10.65

Horizon Bancorp reported Q3 2024 earnings per share of $0.41, surpassing the analyst estimate of $0.37. However, its sales of $58.421 million fell short of the expected $59.240 million, despite an 8.35% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:23 pm

Horizon Bancorp (NASDAQ:HBNC) is set to release its quarterly earnings on October 23, 2024. Analysts expect an EPS of $0.37. The company's past performance shows a positive trend, with a notable 8.02% share price increase following the last earnings beat. Investors are hopeful for positive guidance.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 7:01 pm

Hovde Group has initiated coverage on Horizon Bancorp with an Outperform rating and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:30 pm

Keefe, Bruyette & Woods has maintained a Market Perform rating on Horizon Bancorp (NASDAQ:HBNC) and raised the price target from $14 to $16.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:55 pm

Piper Sandler analyst Nathan Race maintains a Neutral rating on Horizon Bancorp (NASDAQ:HBNC) and raises the price target from $13 to $18.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:23 pm

Horizon Bancorp (NASDAQ:HBNC) reported Q2 2024 earnings per share (EPS) of $0.32, beating the analyst estimate of $0.31. Sales were $55.764 million, also surpassing the estimate of $55.215 million. However, both EPS and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:35 pm

Horizon Bancorp has announced the appointment of John Stewart as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 9:01 pm

Piper Sandler analyst Nathan Race maintains a Neutral rating on Horizon Bancorp (NASDAQ:HBNC) and lowers the price target from $14 to $13.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:03 pm

Horizon Bancorp (NASDAQ:HBNC) reported Q1 2024 adjusted EPS of $0.32, surpassing the $0.31 estimate, but its sales of $53.217M fell short of the $54.377M forecast. This represents a 25.58% decrease in earnings and a 2.99% drop in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:36 pm

Banking and financial services stocks, including ACRE, APAM, BANC, and others, are trading lower due to a greater-than-expected increase in January inflation data.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:34 pm

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