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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.

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Horizon Bancorp (NASDAQ:HBNC) is scheduled to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $0.31. Investors are looking for an earnings beat and positive guidance for future growth. Horizon Bancorp's past earnings performance shows mixed results with minor share price movements following earnings releases. The stock is currently trading at $14.04, down 8.95% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:01 pm

Horizon Bancorp (NASDAQ:HBNC) is distributing a dividend of $0.16 per share with an annualized yield of 4.70%. The dividend is for shareholders who held the stock before January 04, 2024. The company has shown a positive trend in dividend per share growth from $0.48 in 2020 to $0.64 in 2023, and earnings per share growth from $1.42 in 2020 to $1.69 in 2023, indicating a strong financial health and commitment to enhancing shareholder value. Heritage Commerce (NASDAQ:HTBK) has the highest annualized dividend yield in the industry at 5.59%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:05 pm

Horizon Bancorp (NASDAQ:HBNC) announced a quarterly dividend of 16 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday and is expected to open 16 cents lower to reflect the payout. Eligible shareholders will receive the dividend on January 19, 2024.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 2:45 pm

Bank stocks are experiencing an uptick following the Federal Reserve's decision to maintain current interest rates, with projections indicating potential rate cuts between 2024 and 2026. This news has contributed to overall market optimism, positively impacting the financial sector.