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 (NASDAQ:HBNC) reported Q4 earnings with an EPS of $0.33, beating estimates by 6.45% against the expected $0.31. However, revenue decreased by $37.65 million compared to the same period last year. In the previous quarter, a beat on EPS resulted in a slight drop in share price the following day. The company's past earnings performance shows fluctuating EPS and revenue figures over the last four quarters.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:20 pm

Horizon Bancorp (NASDAQ:HBNC) reported Q4 adjusted earnings of $0.33 per share, surpassing the consensus estimate of $0.31 by 6.45%. However, this represents a 31.25% decrease from the $0.48 per share earned in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:09 pm

Earnings reports for January 24, 2024, are scheduled for a wide range of companies across various industries. The reports include a mix of expected profits and losses, with key players like Freeport-McMoRan, General Dynamics, ASML Holding, and Tesla among those reporting. Investors will be closely watching these earnings releases to gauge company performance and sector health.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 10:11 am

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.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:12 pm

Stephens & Co. analyst Terry McEvoy has reiterated an Overweight rating on Horizon Bancorp (NASDAQ:HBNC) and maintained a price target of $12. The reaffirmation of the rating and price target suggests continued confidence in the company's performance and potential for growth.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 2:43 pm

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

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 2:07 pm

Financial stocks, including a broad range of banks and financial services companies, experienced a rise in share prices following the release of October CPI data indicating inflation was softer than expected. This positive reaction reflects overall market strength and optimism that lower inflation could reduce pressure on the Federal Reserve to maintain an aggressive rate hike policy.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:30 pm

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