Horizon Bancorp（HBNC）株式概要Horizon Bancorp, Inc.はHorizon Bankの銀行持株会社として、米国インディアナ州およびミシガン州で個人および法人顧客に商業銀行およびリテール銀行サービスを提供しています。 詳細HBNC ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長5/6過去の実績0/6財務の健全性6/6配当金3/6報酬当社が推定した公正価値より61.9%で取引されている 収益は年間115.2%増加すると予測されています リスク分析収益が 100 万ドル未満 ( $-23M )過去1年間で株主の希薄化が進んだ 3.47%の配当は、現在利益で十分にカバーされていないか、カバーされるとは予想されていません。 すべてのリスクチェックを見るHBNC Community Fair Values Create NarrativeSee what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN13.1% undervaluedAnalystConsensusTarget•19d agoLoan Reallocation And Midwestern Focus Will Improve Community Banking3405Top Analyst NarrativesHorizon BancorpANAnalystConsensusTargetBased on Analyst Price TargetsLoan Reallocation And Midwestern Focus Will Improve Community BankingKey Takeaways Shifting focus to higher-margin loans and disciplined expense management is expected to drive improved margins and sustainable earnings growth. Strong position in expanding Midwestern markets and commitment to personalized banking support long-term revenue and market share gains.View narrativeUS$21.2FV13.1% 割安 内在価値ディスカウントSet Fair ValueView34users have viewed this narrative0users have liked this narrative0users have commented on this narrative5users have followed this narrative20 days ago author updated this narrativeView all narrativesHorizon Bancorp, Inc. 競合他社Eagle BancorpSymbol: NasdaqCM:EGBNMarket cap: US$786.8mSouthern BancShares (N.C.)Symbol: OTCPK:SBNCMarket cap: US$902.8mBank of Marin BancorpSymbol: NasdaqGS:BMRCMarket cap: US$414.8mTrustCo Bank Corp NYSymbol: NasdaqGS:TRSTMarket cap: US$878.6m価格と性能株価の高値、安値、推移の概要Horizon Bancorp過去の株価現在の株価US$18.4252週高値US$19.0752週安値US$14.34ベータ0.821ヶ月の変化4.19%3ヶ月変化1.88%1年変化24.54%3年間の変化97.85%5年間の変化-0.27%IPOからの変化2,168.28%最新ニュースナラティブの更新 • May 02HBNC: Overweight Rating And Lower Forward P E Will Support Future UpsideAnalysts have adjusted their fair value estimate for Horizon Bancorp to $21.20 from $20.80, citing updated expectations for revenue growth, profit margins, and future P/E assumptions reflected in recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts highlighting an Overweight view see room for Horizon Bancorp to execute on its revenue plans, which supports the updated fair value estimate of $21.20.Seeking Alpha • Apr 23Horizon Bancorp Continues To Benefit From Steps Taken In 2025Summary Horizon Bancorp has delivered an 8.7% total return since my last Buy rating, outperforming the S&P 500 and KRE. Strategic asset sales, including $1.7B in securities and $190M in auto loans, have reduced risk and are expected to improve margins and ROA. Deposit costs remain well-managed at 1.97%, 72 bps below peers, reflecting successful efforts to reduce high-cost transactional deposits. HBNC maintains a 3.78% forward yield, with consensus expecting a dividend increase later this year. Read the full article on Seeking Alphaナラティブの更新 • Apr 18HBNC: Overweight Rating And Refreshed P E Assumptions Will Support UpsideAnalysts have lifted their price target on Horizon Bancorp by $2, citing recent coverage assumptions and updates that reflect adjustments to the discount rate, long term growth, and projected P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts view the refreshed coverage as a chance to reset assumptions on discount rates and long term growth, which they see as better aligned with Horizon Bancorp’s current positioning.ナラティブの更新 • Apr 02HBNC: Overweight Rating And Higher P E Expectations Will Support UpsideAnalysts have adjusted the Horizon Bancorp valuation, trimming the fair value estimate from $21.20 to $20.80. Recent research, including an Overweight initiation and a higher published price target, highlights updated assumptions around the discount rate, revenue outlook, profit margin, and future P/E expectations.お知らせ • Apr 02Horizon Bancorp, Inc. to Report Q1, 2026 Results on Apr 22, 2026Horizon Bancorp, Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026Recent Insider Transactions Derivative • Mar 29CEO, President & Director notifies of intention to sell stockThomas Prame intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of March. If the sale is conducted around the recent share price of US$16.08, it would amount to US$108k. For the year to December 2022, Thomas' total compensation was 35% salary and 65% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2025, Thomas' direct individual holding has increased from 47.52k shares to 54.98k. There has only been one transaction (US$66k purchase) from insiders over the last 12 months.最新情報をもっと見るRecent updatesナラティブの更新 • May 02HBNC: Overweight Rating And Lower Forward P E Will Support Future UpsideAnalysts have adjusted their fair value estimate for Horizon Bancorp to $21.20 from $20.80, citing updated expectations for revenue growth, profit margins, and future P/E assumptions reflected in recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts highlighting an Overweight view see room for Horizon Bancorp to execute on its revenue plans, which supports the updated fair value estimate of $21.20.Seeking Alpha • Apr 23Horizon Bancorp Continues To Benefit From Steps Taken In 2025Summary Horizon Bancorp has delivered an 8.7% total return since my last Buy rating, outperforming the S&P 500 and KRE. Strategic asset sales, including $1.7B in securities and $190M in auto loans, have reduced risk and are expected to improve margins and ROA. Deposit costs remain well-managed at 1.97%, 72 bps below peers, reflecting successful efforts to reduce high-cost transactional deposits. HBNC maintains a 3.78% forward yield, with consensus expecting a dividend increase later this year. Read the full article on Seeking Alphaナラティブの更新 • Apr 18HBNC: Overweight Rating And Refreshed P E Assumptions Will Support UpsideAnalysts have lifted their price target on Horizon Bancorp by $2, citing recent coverage assumptions and updates that reflect adjustments to the discount rate, long term growth, and projected P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts view the refreshed coverage as a chance to reset assumptions on discount rates and long term growth, which they see as better aligned with Horizon Bancorp’s current positioning.ナラティブの更新 • Apr 02HBNC: Overweight Rating And Higher P E Expectations Will Support UpsideAnalysts have adjusted the Horizon Bancorp valuation, trimming the fair value estimate from $21.20 to $20.80. Recent research, including an Overweight initiation and a higher published price target, highlights updated assumptions around the discount rate, revenue outlook, profit margin, and future P/E expectations.お知らせ • Apr 02Horizon Bancorp, Inc. to Report Q1, 2026 Results on Apr 22, 2026Horizon Bancorp, Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026Recent Insider Transactions Derivative • Mar 29CEO, President & Director notifies of intention to sell stockThomas Prame intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of March. If the sale is conducted around the recent share price of US$16.08, it would amount to US$108k. For the year to December 2022, Thomas' total compensation was 35% salary and 65% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2025, Thomas' direct individual holding has increased from 47.52k shares to 54.98k. There has only been one transaction (US$66k purchase) from insiders over the last 12 months.Declared Dividend • Mar 26Fourth quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 2nd April 2026 Payment date: 17th April 2026 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.Recent Insider Transactions Derivative • Mar 24CEO, President & Director notifies of intention to sell stockThomas Prame intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of March. If the sale is conducted around the recent share price of US$16.08, it would amount to US$108k. For the year to December 2022, Thomas' total compensation was 35% salary and 65% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2025, Thomas' direct individual holding has increased from 47.52k shares to 59.33k. There has only been one transaction (US$66k purchase) from insiders over the last 12 months.お知らせ • Mar 23Horizon Bancorp, Inc., Annual General Meeting, May 07, 2026Horizon Bancorp, Inc., Annual General Meeting, May 07, 2026.ナラティブの更新 • Mar 19HBNC: Lower Discount Rate Will Support Stronger Forward Earnings VisibilityAnalysts have increased their Horizon Bancorp price target by $2, citing updated assumptions around discount rates, revenue growth, and future P/E ratios that they believe are now better aligned with current fundamentals. Analyst Commentary Bullish Takeaways Bullish analysts view the higher price target as a reflection of updated assumptions on discount rates that they see as better matching current market conditions and Horizon Bancorp’s risk profile.ナラティブの更新 • Mar 05HBNC: Revised Earnings And Margin Profile Will Support Higher Fair ValueAnalysts have raised their Horizon Bancorp price target by $2 to $21.20, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E as reflected in recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher US$21.20 target as support for their updated view of Horizon Bancorp's fair value based on current Street research inputs.お知らせ • Jan 27Horizon Bancorp, Inc. Announces Changes in Board of DirectorsHorizon Bancorp, Inc. announced that James B. Dworkin will retire from the Board of Directors effective at the expiration of his current term on May 7, 2026. James B. Dworkin, Chancellor Emeritus & Professor of Management Mitchell E. Daniels School of Business Purdue University North Central, has served on Horizon’s Board of Directors since 2003, and on the Board of Directors of Horizon Bank since 2002. In this role, he served as a member of Horizon’s Audit Committee and the Chair of the Wealth Committee. Also, in an unrelated action, on January 20, 2026, Julie S. Freigang submitted notice of her resignation from the Board of Directors, effective January 20, 2026. Julie S. Freigang, Vice President & Chief Information Officer of CF Industries Holdings, Inc. has served on the Board of Directors of Horizon Bank since 2019 and was appointed to the Horizon Board of Directors in January 2020. In this role, she served as a member of the Audit Committee and was the Chair of the Cyber Security Committee.お知らせ • Jan 22Horizon Bancorp, Inc. Reports Total Net Charge-Offs for the Fourth Quarter Ended December 31, 2025Horizon Bancorp, Inc. reported Total net charge-offs for the fourth quarter Ended December 31, 2025. For the quarter, the company reported Total net charge-offs of $970,000 against $626,000 a year ago.お知らせ • Jan 03Horizon Bancorp, Inc. to Report Q4, 2025 Results on Jan 21, 2026Horizon Bancorp, Inc. announced that they will report Q4, 2025 results After-Market on Jan 21, 2026分析記事 • Dec 21Horizon Bancorp (NASDAQ:HBNC) Is Paying Out A Dividend Of $0.16The board of Horizon Bancorp, Inc. ( NASDAQ:HBNC ) has announced that it will pay a dividend on the 16th of January...Declared Dividend • Dec 21Third quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 2nd January 2026 Payment date: 16th January 2026 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.お知らせ • Oct 24Horizon Bancorp, Inc. Reports Total Net Charge-Offs for the Third Quarter Ended September 30, 2025Horizon Bancorp, Inc. reported Total net charge-offs for the third quarter ended September 30, 2025. For the quarter, the company reported Total net charge-offs of $831,000 against $378,000 a year ago.お知らせ • Oct 15Horizon Bancorp, Inc. Announces the Appointment of Larry S. Magnesen as Independent Director, Effective October 10, 2025Horizon Bancorp, Inc. announced the appointment of Larry S. Magnesen to serve as independent director on the Company’s Board of Directors, effective on October 10, 2025. Currently serving on Horizon Bank’s Board of Directors, Magnesen is the retired Senior Vice President, Corporate Communications Director at Fifth Third Bank (Chicago) with over forty years of experience in the banking industry. During his time with Fifth Third Bank, he also served as Chief Reputation Officer and Chief Marketing Officer based in Cincinnati, Ohio, and Senior Vice President, Regional Marketing based in Grand Rapids, Michigan. Previously, Magnesen served various roles in Retail Banking, Business Banking, and Marketing at other banks including Old Kent Bank, Banc One Ohio Corporation, now part of Chase Bank, and Citibank. Additionally, he served in leadership roles on non-profit boards in communities throughout the Midwest including, LISC Grand Rapids, Meijer Gardens and Sculpture Park, and Public Media Connect. Magnesen earned his bachelor’s degree in Psychology and International Business from Carthage College in Kenosha, Wisconsin, and has a Master of Management from Northwestern University, J.L. Kellogg Graduate School of Management with dual concentrations in Marketing and Finance. With his addition to the Horizon Bancorp Board, Magnesen joins the Enterprise Risk Management, Credit Policy, and Fair Lending Committee and the Wealth Committee.分析記事 • Oct 02Horizon Bancorp (NASDAQ:HBNC) Is Paying Out A Dividend Of $0.16Horizon Bancorp, Inc. ( NASDAQ:HBNC ) will pay a dividend of $0.16 on the 17th of October. This means the annual...お知らせ • Oct 02Horizon Bancorp, Inc. to Report Q3, 2025 Results on Oct 22, 2025Horizon Bancorp, Inc. announced that they will report Q3, 2025 results After-Market on Oct 22, 2025Major Estimate Revision • Oct 01Consensus EPS estimates fall by 90%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$1.30 to -US$2.47 per share. Revenue forecast unchanged at US$273.7m. Banks industry in the US expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at US$19.30. Share price was steady at US$16.10 over the past week.Declared Dividend • Sep 21Second quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 3rd October 2025 Payment date: 17th October 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 59% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Sep 18Horizon Bancorp, Inc. Approves Dividend, Payable on October 17, 2025On September 16, 2025, the Board of Directors of Horizon Bancorp, Inc. approved a dividend of $0.16 per share, payable on October 17, 2025 to stockholders of record on October 3, 2025.Major Estimate Revision • Aug 26Consensus EPS estimates fall from profit to US$0.77 loss, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$269.5m to US$273.0m. Now expected to report loss of -US$0.765 instead of US$1.93 per share profit. Banks industry in the US expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at US$18.50. Share price was steady at US$16.35 over the past week.お知らせ • Aug 21+ 1 more updateHorizon Bancorp, Inc. has completed a Follow-on Equity Offering in the amount of $90.0015 million.Horizon Bancorp, Inc. has completed a Follow-on Equity Offering in the amount of $90.0015 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 6,207,000 Price\Range: $14.5 Discount Per Security: $0.68875Reported Earnings • Jul 24Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: US$0.47 (up from US$0.32 in 2Q 2024). Revenue: US$63.8m (up 20% from 2Q 2024). Net income: US$20.6m (up 46% from 2Q 2024). Profit margin: 32% (up from 27% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.分析記事 • Jul 02Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16The board of Horizon Bancorp, Inc. ( NASDAQ:HBNC ) has announced that it will pay a dividend on the 18th of July, with...お知らせ • Jul 02Horizon Bancorp, Inc. to Report Q2, 2025 Results on Jul 23, 2025Horizon Bancorp, Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025Declared Dividend • Jun 25First quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 3rd July 2025 Payment date: 18th July 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 19Horizon Bancorp, Inc. Approves Dividend, Payable on July 18, 2025Horizon Bancorp, Inc. approved a dividend of $0.16 per share, payable on July 18, 2025 to stockholders of record on July 3, 2025.Board Change • Jun 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Brian Walker was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 24First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.55 (up from US$0.32 in 1Q 2024). Revenue: US$67.4m (up 29% from 1Q 2024). Net income: US$23.9m (up 71% from 1Q 2024). Profit margin: 36% (up from 27% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Seeking Alpha • Apr 10Horizon Bancorp: Attractive Ahead Of Q1 EarningsSummary Horizon Bancorp shares have declined 25% from their highs, presenting a buying opportunity ahead of their April 23rd earnings report. The bank has undergone a smooth management transition, with a new CEO and independent chairman, posing a modest but acceptable risk. Horizon's balance sheet repositioning has boosted net interest margins, and the bank is well-capitalized with an 11% CET1 ratio. Despite tariff-related uncertainties, HBNC is well-positioned for growth, with a fair value estimate of $16, offering 15% upside plus a 5% dividend yield. Read the full article on Seeking Alphaお知らせ • Apr 02Horizon Bancorp, Inc. to Report Q1, 2025 Results on Apr 23, 2025Horizon Bancorp, Inc. announced that they will report Q1, 2025 results After-Market on Apr 23, 2025Seeking Alpha • Mar 29Horizon Bancorp Appears Undervalued With A Positive Earnings OutlookSummary The loan growth will likely slow down significantly this year because of a planned runoff of auto loans. Further, the outlook for commercial loans is lackluster. The recent sales of AFS Securities and the Mortgage Warehouse business will lift the net interest margin. Further, interest rate cuts will benefit the margin. I’m expecting earnings to grow to $1.75 per share in 2025 from $0.80 per share in 2024. HBNC is offering a high price upside of 19% and a good dividend yield of 4.1%. Read the full article on Seeking Alpha分析記事 • Mar 22Horizon Bancorp (NASDAQ:HBNC) Is Due To Pay A Dividend Of $0.16Horizon Bancorp, Inc. ( NASDAQ:HBNC ) has announced that it will pay a dividend of $0.16 per share on the 18th of...Declared Dividend • Mar 21Fourth quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 4th April 2025 Payment date: 18th April 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (79% payout ratio) and is expected to be covered in 3 years' time (36% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 85% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 20Horizon Bancorp, Inc. announces Quarterly dividend, payable on April 18, 2025Horizon Bancorp, Inc. announced Quarterly dividend of USD 0.1600 per share payable on April 18, 2025, ex-date on April 04, 2025 and record date on April 04, 2025.お知らせ • Mar 18Horizon Bancorp, Inc., Annual General Meeting, May 01, 2025Horizon Bancorp, Inc., Annual General Meeting, May 01, 2025.Reported Earnings • Mar 16Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$0.81 (up from US$0.64 in FY 2023). Revenue: US$186.2m (up 1.9% from FY 2023). Net income: US$35.4m (up 27% from FY 2023). Profit margin: 19% (up from 15% in FY 2023). The increase in margin was primarily driven by lower expenses. Net interest margin (NIM): 2.68% (up from 2.54% in FY 2023). Non-performing loans: 0.56% (up from 0.46% in FY 2023). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Feb 27Horizon Bancorp, Inc. Announces Board Changes, Effective May 1, 2025Horizon Bancorp, Inc. announced that Craig Dwight, Chairman of Board, will retire from the Board of Directors effective at the expiration of his current term on May 1, 2025. Mr. Dwight provided written notice of his decision on February 24, 2025, which was accepted by the Board on February 25, 2025. Concurrently, the Board of Directors elected Eric Blackhurst to serve as an Independent Chairperson, effective upon Mr. Dwight’s retirement. Mr. Blackhurst has served as a Company Director for over seven years during which time his leadership has been instrumental, notably as Chairperson of Corporate Governance and as a member of the Compensation Committee. Mr. Blackhurst recently retired from an esteemed 35-year career at The Dow Chemical Company where he served as Associate General Counsel, Corporate Transactions and Latin America. His is currently interim president of Alma College. Additionally, with Horizon’s transition to an Independent Chairperson, the role of Independent Lead Director, currently held by Michele Magnuson, will be retired. Ms. Magnuson will remain on the Board and continue to serve on the Compensation and Governance Committees.Recent Insider Transactions • Feb 21Chairman recently sold US$171k worth of stockOn the 19th of February, Craig Dwight sold around 10k shares on-market at roughly US$17.14 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$350k. This was Craig's only on-market trade for the last 12 months.お知らせ • Jan 04Horizon Bancorp, Inc. to Report Q4, 2024 Results on Jan 22, 2025Horizon Bancorp, Inc. announced that they will report Q4, 2024 results After-Market on Jan 22, 2025Declared Dividend • Dec 20Third quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 3rd January 2025 Payment date: 17th January 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio). However, the dividend is expected to be well covered in 3 years' time (39% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. EPS is expected to grow by 118% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.Recent Insider Transactions • Dec 08Insider recently sold US$350k worth of stockOn the 4th of December, Mark Secor sold around 19k shares on-market at roughly US$17.99 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$660k more than they bought in the last 12 months.Price Target Changed • Nov 17Price target increased by 9.9% to US$18.90Up from US$17.20, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$18.27. Stock is up 63% over the past year. The company is forecast to post earnings per share of US$0.94 for next year compared to US$0.64 last year.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$18.76, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Banks industry in the US. Total returns to shareholders of 8.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$25.46 per share.Major Estimate Revision • Oct 30Consensus EPS estimates fall by 31%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$229.8m to US$233.0m. EPS estimate fell from US$1.38 to US$0.943 per share. Net income forecast to grow 208% next year vs 12% growth forecast for Banks industry in the US. Consensus price target up from US$17.20 to US$18.30. Share price rose 7.1% to US$16.19 over the past week.Reported Earnings • Oct 24Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$0.42 (up from US$0.37 in 3Q 2023). Revenue: US$57.4m (up 6.9% from 3Q 2023). Net income: US$18.2m (up 12% from 3Q 2023). Profit margin: 32% (up from 30% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Sep 27Horizon Bancorp, Inc. to Report Q3, 2024 Results on Oct 23, 2024Horizon Bancorp, Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024分析記事 • Sep 24Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16The board of Horizon Bancorp, Inc. ( NASDAQ:HBNC ) has announced that it will pay a dividend on the 18th of October...新しいナラティブ • Sep 24John Stewart's Arrival And Calculated Finance Overhaul To Spearhead Revenue Surge And Margin Expansion Strengthening financial strategy with a new CFO and expanding loan portfolio could notably enhance Horizon Bancorp's revenue growth and profitability. Declared Dividend • Sep 23Second quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 4th October 2024 Payment date: 18th October 2024 Dividend yield will be 4.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 62% to bring the payout ratio under control. EPS is expected to grow by 58% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.Buy Or Sell Opportunity • Sep 17Now 20% undervaluedOver the last 90 days, the stock has risen 37% to US$16.05. The fair value is estimated to be US$20.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has declined by 31%. Revenue is forecast to grow by 32% in a year. Earnings are forecast to grow by 234% in the next year.Buy Or Sell Opportunity • Aug 27Now 20% undervaluedOver the last 90 days, the stock has risen 33% to US$15.67. The fair value is estimated to be US$19.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has declined by 31%. Revenue is forecast to grow by 32% in a year. Earnings are forecast to grow by 234% in the next year.Price Target Changed • Jul 26Price target increased by 7.0% to US$15.25Up from US$14.25, the current price target is an average from 4 analysts. New target price is 6.8% below last closing price of US$16.37. Stock is up 30% over the past year. The company is forecast to post earnings per share of US$1.37 for next year compared to US$0.64 last year.Reported Earnings • Jul 25Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: US$0.32 (down from US$0.43 in 2Q 2023). Revenue: US$53.4m (down 5.5% from 2Q 2023). Net income: US$14.1m (down 25% from 2Q 2023). Profit margin: 27% (down from 33% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$14.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 1.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$16.14 per share.Buy Or Sell Opportunity • Jul 04Now 21% undervaluedOver the last 90 days, the stock has risen 3.5% to US$12.32. The fair value is estimated to be US$15.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 24% in a year. Earnings are forecast to grow by 152% in the next year.Declared Dividend • Jul 01First quarter dividend of US$0.16 announcedShareholders will receive a dividend of US$0.16. Ex-date: 5th July 2024 Payment date: 19th July 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control. EPS is expected to grow by 47% over the next year, which is sufficient to bring the dividend into a sustainable range.お知らせ • Jun 28Horizon Bancorp, Inc. to Report Q2, 2024 Results on Jul 24, 2024Horizon Bancorp, Inc. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024お知らせ • May 15+ 1 more updateHorizon Bancorp, Inc. Names John R. Stewart as Executive Vice President, on May 20, 2024Horizon Bancorp, Inc. announced that John R. Stewart, CFA has been named Horizon’s next Executive Vice President on May 20, 2024. Stewart has 22 years of financial services experience spanning banking, investment management and corporate finance at regional banks, global investment banks and institutional asset management firms. He has held leadership roles in both public and private financial institutions with his most recent role as the Deputy Chief Financial Officer of a $30 billion publicly traded bank with oversight responsibilities for several lines of business and previously included all finance functions including corporate treasury, accounting, financial planning and analysis, and capital planning. Stewart also brings depth and experience in strategic planning, corporate development and investor relations to Horizon’s leadership team. Stewart received his Bachelor of Arts degree in Economics from Bucknell University in Lewisburg, PA, and is Chartered Financial Analyst (CFA) charterholder through the CFA Institute. Stewart succeeds Mark Secor, the Bank’s CFO for the past 16 years. Secor will remain with the organization taking on a new role of Chief Administration Officer responsible for investor relations, legal, benefits administration and corporate facilities. Additionally, Mark will assist in the transition of the CFO role to Stewart. Both Stewart and Secor will report to Thomas Prame, CEO and President of Horizon Bank.Buy Or Sell Opportunity • May 14Now 20% undervaluedOver the last 90 days, the stock has risen 2.1% to US$12.43. The fair value is estimated to be US$15.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 24% in a year. Earnings are forecast to grow by 152% in the next year.Seeking Alpha • May 03Horizon Bancorp: Attractive Dividend Yield And A Positive Earnings OutlookSummary I’ve increased my loan growth and margin estimates after the stronger-than-expected performance in the first quarter. Planned asset re-mixes and the upcoming interest rate cuts will likely drive the net interest margin. The December 2024 target price suggests a price upside of ~ 20% as of the writing of this report. HBNC is offering quite a high dividend yield of 5.2%. Read the full article on Seeking AlphaReported Earnings • Apr 25First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: US$0.32 (down from US$0.42 in 1Q 2023). Revenue: US$52.4m (down 4.0% from 1Q 2023). Net income: US$14.0m (down 23% from 1Q 2023). Profit margin: 27% (down from 33% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 14% per year.お知らせ • Apr 02Horizon Bancorp, Inc. to Report Q1, 2024 Results on Apr 24, 2024Horizon Bancorp, Inc. announced that they will report Q1, 2024 results After-Market on Apr 24, 2024Declared Dividend • Mar 25Fourth quarter dividend of US$0.16 announcedShareholders will receive a dividend of US$0.16. Ex-date: 4th April 2024 Payment date: 19th April 2024 Dividend yield will be 5.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio). However, the dividend is expected to be well covered in 3 years' time (44% forecast payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. EPS is expected to grow by 90% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Mar 19Horizon Bancorp, Inc., Annual General Meeting, May 02, 2024Horizon Bancorp, Inc., Annual General Meeting, May 02, 2024, at 10:00 Central Standard Time. Agenda: To elect three directors to serve three year terms expiring in 2027; to vote on a non binding, advisory proposal to approve the compensation of Horizon's executive officers described in this Proxy Statement; to hold non binding, advisory vote on the frequency of the advisory vote to approve Horizon's executive compensation; to ratify the appointment of FORVIS, LLP, as independent registered public accounting firm for 2024; and to transact such other business as may properly come before the meeting or any adjournment of the meeting.Reported Earnings • Mar 17Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$0.64 (down from US$2.14 in FY 2022). Revenue: US$185.3m (down 25% from FY 2022). Net income: US$28.0m (down 70% from FY 2022). Profit margin: 15% (down from 38% in FY 2022). The decrease in margin was primarily driven by lower revenue. Net interest margin (NIM): 2.55% (down from 2.98% in FY 2022). Cost-to-income ratio: 66.7% (up from 58.1% in FY 2022). Non-performing loans: 0.44% (down from 0.53% in FY 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Seeking Alpha • Jan 31Horizon Bancorp: All In All, A Positive Q4 2023Summary Horizon Bancorp's Q4 earnings report showed a miss in EPS and revenue, but a closer analysis reveals positive aspects. The company faced extraordinary expenses, but is entering 2024 with expanding margins and financial flexibility. The bank's low LTD ratio and ample cash on hand position it well for growth and reduced competition in 2024. Read the full article on Seeking AlphaReported Earnings • Jan 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$0.64 (down from US$2.14 in FY 2022). Revenue: US$185.3m (down 25% from FY 2022). Net income: US$28.0m (down 70% from FY 2022). Profit margin: 15% (down from 38% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.お知らせ • Jan 25Horizon Bancorp, Inc. Announces Executive AppointmentsOn January 23, 2024, the Board of Directors of Horizon Bancorp, Inc. increased the size of the Board from 12 to 13 members by increasing the Board Class of 2025 from 3 to 4 members. In addition, on January 23, 2024, the Board elected Kevin W. Ahern and Brian W. Maass to serve as directors of the Company to fill the vacancies in the Board Class of 2025, effective immediately. Each of these two new directors will serve for an initial term expiring at the 2025 annual meeting of shareholders and until his successor is elected and qualified, or until his earlier death, resignation or removal. On January 23, 2024, the Board also appointed Kevin W. Ahern to serve on the Asset Liability Committee of the Board and the Wealth Management Committee of the Board, effective immediately. Mr. Ahern, 60, is a co-founder and Managing Partner of Brush Creek Partners, a private investment vehicle focused on making investments in operating companies in the specialty finance, banking and financial services, manufacturing, distribution, media, and business and consumer services sectors. He also actively provides consulting and advisory services to a number of banking and wealth management organizations by way of Colorow Capital Partners, a strategic advisory and consulting company. The Board has determined that Mr. Ahern is an “independent” director under the Company’s Board Responsibilities and Guidelines and the listing standards of the Nasdaq Stock Market LLC (“Nasdaq”), as well as the applicable rules promulgated by the Securities and Exchange Commission (the “SEC”). On January 23, 2024, the Board also appointed Brian W. Maass to serve on the Audit Committee of the Board and the Asset Liability Committee of the Board, effective immediately. Mr. Maass, 50, has held executive roles with TCF Financial, (2012-2021) in Minneapolis, MN (now Huntington Bank), including serving as Executive Vice President, Chief Financial Officer for over five years. The Board has determined that Mr. Maass is an “independent” director under the Company’s Board Responsibilities and Guidelines and the listing standards of Nasdaq, as well as the applicable rules promulgated by the SEC, and that he meets the additional independence requirements of Nasdaq with respect to members of the Audit Committee.お知らせ • Jan 24Horizon Bancorp, Inc. and Horizon Bank Announces Retirement of Peter L. Pairitz from the Board of DirectorsPeter L. Pairitz, a member of the Board of Directors (the “Board”) of Horizon Bancorp, Inc. (the “Company”), submitted notice on January 19, 2024 that he will retire from the Board at the end of his current term and will not stand for re-election at the Company's 2024 annual meeting of shareholders. He will also retire from the Board of Directors of the Company's wholly owned subsidiary, Horizon Bank, effective at the expiration of his current term as a director of the Company. The decision by Mr. Pairitz to retire as a director was not a result of any disagreement with the Board or management of the Company or Horizon Bank. Mr. Pairitz serves as a member and Chair of the Compensation Committee. The Board thanks Mr. Pairitz for his years of service and contributions to the Company.お知らせ • Jan 17Horizon Bancorp, Inc. Announces Passing of Director Spero W. ValavanisHorizon Bancorp, Inc. was informed of the passing of Director Spero W. Valavanis. Mr. Valavanis served on Horizon Bancorp, Inc.'s Board of Directors since 2000 and on the Board of Directors of Horizon Bank, its wholly-owned subsidiary, since 1998. During his tenure as a Director, Spero helped guide the organization from approximately $300 million in assets with nine branches to nearly $8 billion in assets with over 70 locations in Indiana and Michigan. He most recently served on the Company's Asset-Liability Committee and Wealth Management Committee.Upcoming Dividend • Dec 28Upcoming dividend of US$0.16 per share at 4.4% yieldEligible shareholders must have bought the stock before 04 January 2024. Payment date: 19 January 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (3.2%).お知らせ • Dec 19Horizon Bancorp, Inc. to Report Q4, 2023 Results on Jan 24, 2024Horizon Bancorp, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Jan 24, 2024Price Target Changed • Dec 14Price target increased by 8.7% to US$12.50Up from US$11.50, the current price target is an average from 4 analysts. New target price is 12% below last closing price of US$14.16. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of US$0.77 for next year compared to US$2.14 last year.Major Estimate Revision • Dec 14Consensus EPS estimates fall by 50%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$1.53 to US$0.77. Revenue forecast unchanged from US$217.8m at last update. Net income forecast to shrink 33% next year vs 10% decline forecast for Banks industry in the US. Consensus price target up from US$11.50 to US$12.50. Share price rose 17% to US$14.16 over the past week.お知らせ • Nov 08+ 1 more updateHorizon Bancorp, Inc. Announces CFO TransitionHorizon Bancorp, Inc. announced the succession plan for its chief financial officer (“CFO”) and a restructuring of its mortgage and consumer lending leadership. Horizon and Mark Secor have agreed that he will transition from his role as Executive Vice President and CFO of the Company and Horizon Bank. Mr. Secor will continue in the role of Executive Vice President and CFO until a successor is appointed and provide transitional support through April 30, 2024.Price Target Changed • Oct 31Price target decreased by 11% to US$11.50Down from US$12.88, the current price target is an average from 4 analysts. New target price is 21% above last closing price of US$9.49. Stock is down 36% over the past year. The company is forecast to post earnings per share of US$1.53 for next year compared to US$2.14 last year.Reported Earnings • Oct 26Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$0.37 (down from US$0.55 in 3Q 2022). Revenue: US$53.7m (down 16% from 3Q 2022). Net income: US$16.2m (down 32% from 3Q 2022). Profit margin: 30% (down from 37% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates significantly. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Price Target Changed • Oct 13Price target decreased by 7.2% to US$12.88Down from US$13.88, the current price target is an average from 4 analysts. New target price is 28% above last closing price of US$10.08. Stock is down 47% over the past year. The company is forecast to post earnings per share of US$1.54 for next year compared to US$2.14 last year.Upcoming Dividend • Sep 28Upcoming dividend of US$0.16 per share at 6.1% yieldEligible shareholders must have bought the stock before 05 October 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of American dividend payers (5.1%). Higher than average of industry peers (3.9%).お知らせ • Sep 22Horizon Bancorp, Inc. to Report Q3, 2023 Results on Oct 25, 2023Horizon Bancorp, Inc. announced that they will report Q3, 2023 results After-Market on Oct 25, 2023Price Target Changed • Jul 31Price target increased by 9.9% to US$13.88Up from US$12.63, the current price target is an average from 4 analysts. New target price is 10% above last closing price of US$12.60. Stock is down 34% over the past year. The company is forecast to post earnings per share of US$1.56 for next year compared to US$2.14 last year.Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: US$0.43 (down from US$0.57 in 2Q 2022). Revenue: US$56.5m (down 13% from 2Q 2022). Net income: US$18.8m (down 25% from 2Q 2022). Profit margin: 33% (down from 39% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to stay flat during the next 2 years compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year.お知らせ • Jun 29Horizon Bancorp, Inc. to Report Q2, 2023 Results on Jul 26, 2023Horizon Bancorp, Inc. announced that they will report Q2, 2023 results After-Market on Jul 26, 2023Upcoming Dividend • Jun 29Upcoming dividend of US$0.16 per share at 6.1% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (3.7%).Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$10.76, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 6.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$16.69 per share.お知らせ • May 26Horizon Bancorp, Inc. and Horizon Bank Announce Retirement of Susan D. Aaron from the Board of Directors, Effective on December 31, 2023Susan D. Aaron, a member of the Board of Directors of Horizon Bancorp, Inc., submitted notice on May 22, 2023 that she will retire from the Board, effective as of December 31, 2023. She will also retire from the Board of Directors of the Company's wholly owned subsidiary, Horizon Bank, effective December 31, 2023. The decision by Ms. Aaron to retire as a director was not a result of any disagreement with the Board or management of the Company or Horizon Bank. Ms. Aaron serves as a member of the Wealth Management Committee, the Enterprise Risk Management & Credit Policy/CRA & Fair Lending Committee, and as an alternate member of the Compensation Committee.お知らせ • May 25the Gross Law Firm Notifies Shareholders of Horizon Bancorp, Inc. of A Class Action Lawsuit and Lead Plaintiff Deadline of June 20, 2023The Gross Law Firm issues the following notice to shareholders of Horizon Bancorp, Inc. Shareholders who purchased shares of HBNC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD: March 9, 2022 to March 10, 2023. ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company maintained deficient internal accounting controls relating to its classification of certain loan balances and securities; (ii) as a result of the foregoing deficiencies, throughout 2022 the Company issued quarterly financial statements containing errors that would require subsequent revision; (iii) restatement of the foregoing financial statements would hinder the Company's ability to timely file its annual report for 2022; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.Valuation Update With 7 Day Price Move • May 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$9.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 1.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$16.22 per share.Valuation Update With 7 Day Price Move • May 04Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to US$8.23, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Banks industry in the US. Total loss to shareholders of 8.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$16.44 per share.Price Target Changed • Apr 06Price target decreased by 11% to US$15.40Down from US$17.40, the current price target is an average from 5 analysts. New target price is 42% above last closing price of US$10.82. Stock is down 41% over the past year. The company is forecast to post earnings per share of US$1.68 for next year compared to US$2.14 last year.Upcoming Dividend • Mar 29Upcoming dividend of US$0.16 per share at 5.9% yieldEligible shareholders must have bought the stock before 05 April 2023. Payment date: 21 April 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (3.7%).Price Target Changed • Mar 28Price target decreased by 8.9% to US$16.40Down from US$18.00, the current price target is an average from 5 analysts. New target price is 51% above last closing price of US$10.87. Stock is down 45% over the past year. The company is forecast to post earnings per share of US$1.72 for next year compared to US$2.14 last year.分析記事 • Mar 28Horizon Bancorp's (NASDAQ:HBNC) Upcoming Dividend Will Be Larger Than Last Year'sHorizon Bancorp, Inc.'s ( NASDAQ:HBNC ) dividend will be increasing from last year's payment of the same period to...株主還元HBNCUS BanksUS 市場7D3.0%1.9%-0.3%1Y24.5%20.9%26.7%株主還元を見る業界別リターン: HBNC過去 1 年間で20.9 % の収益を上げたUS Banks業界を上回りました。リターン対市場: HBNCは、過去 1 年間で26.7 % のリターンを上げたUS市場を下回りました。価格変動Is HBNC's price volatile compared to industry and market?HBNC volatilityHBNC Average Weekly Movement3.7%Banks Industry Average Movement3.5%Market Average Movement7.2%10% most volatile stocks in US Market16.2%10% least volatile stocks in US Market3.2%安定した株価: HBNC 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: HBNCの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1873478Thomas Pramewww.horizonbank.comホライゾン・バンコープはホライゾン・バンクの銀行持株会社として、米国インディアナ州とミシガン州の個人・法人顧客に商業・リテールバンキングサービスを提供している。当座預金、貯蓄預金、マネーマーケット預金、譲渡性預金、定期預金口座、無利息・有利子要求払い預金を提供している。また、商業ローン、住宅用不動産ローン、モーゲージ・ウェアハウス・ローン、消費者ローン、ホームエクイティ・ローンおよびライン、自動車ローン、個人ローンおよびライン、ビジネスローンおよびライン、SBAローン、公的資金、医療行為、フランチャイズ・ファイナンス、設備ファイナンス・ソリューションも提供している。さらに、法人・個人向け信託・代理店業務、投資管理業務、不動産投資信託業務、デビットカードおよびクレジットカード、財務管理業務、遠隔預金、加盟店処理、オンライン支払ポータル、ロックボックス、スマート金庫、ACHオリジネーション、オンライン請求書支払い、電信送金、正・逆正払いサービスを提供するほか、各種生命保険商品も販売している。さらに、オンライン・バンキング、モバイル・バンキング、健康貯蓄口座、ウェルス・マネジメント、ファイナンシャル・プランニング、投資管理、保険サービス、個人退職口座（IRA）、ビジネスIRA、従業員福利厚生プランなどの退職金サービス、遺産計画・決済サービスも提供している。ホライゾン・バンコープは1873年に設立され、インディアナ州ミシガンシティに本社を置いている。もっと見るHorizon Bancorp, Inc. 基礎のまとめHorizon Bancorp の収益と売上を時価総額と比較するとどうか。HBNC 基礎統計学時価総額US$940.87m収益（TTM）-US$148.26m売上高(TTM)n/a1.4xPBR（株価純資産倍率-40.8xP/SレシオHBNC は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計HBNC 損益計算書（TTM）収益-US$23.16m売上原価US$0売上総利益-US$23.16mその他の費用US$125.10m収益-US$148.26m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-2.89グロス・マージン100.00%純利益率640.14%有利子負債／自己資本比率56.8%HBNC の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.5%現在の配当利回り-21%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 00:21終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Horizon Bancorp, Inc. 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。8 アナリスト機関Brian MartinBrean Capital Historical (Janney Montgomery)Brendan NosalHovde Group, LLCDamon DelMonteKeefe, Bruyette, & Woods5 その他のアナリストを表示
ナラティブの更新 • May 02HBNC: Overweight Rating And Lower Forward P E Will Support Future UpsideAnalysts have adjusted their fair value estimate for Horizon Bancorp to $21.20 from $20.80, citing updated expectations for revenue growth, profit margins, and future P/E assumptions reflected in recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts highlighting an Overweight view see room for Horizon Bancorp to execute on its revenue plans, which supports the updated fair value estimate of $21.20.
Seeking Alpha • Apr 23Horizon Bancorp Continues To Benefit From Steps Taken In 2025Summary Horizon Bancorp has delivered an 8.7% total return since my last Buy rating, outperforming the S&P 500 and KRE. Strategic asset sales, including $1.7B in securities and $190M in auto loans, have reduced risk and are expected to improve margins and ROA. Deposit costs remain well-managed at 1.97%, 72 bps below peers, reflecting successful efforts to reduce high-cost transactional deposits. HBNC maintains a 3.78% forward yield, with consensus expecting a dividend increase later this year. Read the full article on Seeking Alpha
ナラティブの更新 • Apr 18HBNC: Overweight Rating And Refreshed P E Assumptions Will Support UpsideAnalysts have lifted their price target on Horizon Bancorp by $2, citing recent coverage assumptions and updates that reflect adjustments to the discount rate, long term growth, and projected P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts view the refreshed coverage as a chance to reset assumptions on discount rates and long term growth, which they see as better aligned with Horizon Bancorp’s current positioning.
ナラティブの更新 • Apr 02HBNC: Overweight Rating And Higher P E Expectations Will Support UpsideAnalysts have adjusted the Horizon Bancorp valuation, trimming the fair value estimate from $21.20 to $20.80. Recent research, including an Overweight initiation and a higher published price target, highlights updated assumptions around the discount rate, revenue outlook, profit margin, and future P/E expectations.
お知らせ • Apr 02Horizon Bancorp, Inc. to Report Q1, 2026 Results on Apr 22, 2026Horizon Bancorp, Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026
Recent Insider Transactions Derivative • Mar 29CEO, President & Director notifies of intention to sell stockThomas Prame intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of March. If the sale is conducted around the recent share price of US$16.08, it would amount to US$108k. For the year to December 2022, Thomas' total compensation was 35% salary and 65% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2025, Thomas' direct individual holding has increased from 47.52k shares to 54.98k. There has only been one transaction (US$66k purchase) from insiders over the last 12 months.
ナラティブの更新 • May 02HBNC: Overweight Rating And Lower Forward P E Will Support Future UpsideAnalysts have adjusted their fair value estimate for Horizon Bancorp to $21.20 from $20.80, citing updated expectations for revenue growth, profit margins, and future P/E assumptions reflected in recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts highlighting an Overweight view see room for Horizon Bancorp to execute on its revenue plans, which supports the updated fair value estimate of $21.20.
Seeking Alpha • Apr 23Horizon Bancorp Continues To Benefit From Steps Taken In 2025Summary Horizon Bancorp has delivered an 8.7% total return since my last Buy rating, outperforming the S&P 500 and KRE. Strategic asset sales, including $1.7B in securities and $190M in auto loans, have reduced risk and are expected to improve margins and ROA. Deposit costs remain well-managed at 1.97%, 72 bps below peers, reflecting successful efforts to reduce high-cost transactional deposits. HBNC maintains a 3.78% forward yield, with consensus expecting a dividend increase later this year. Read the full article on Seeking Alpha
ナラティブの更新 • Apr 18HBNC: Overweight Rating And Refreshed P E Assumptions Will Support UpsideAnalysts have lifted their price target on Horizon Bancorp by $2, citing recent coverage assumptions and updates that reflect adjustments to the discount rate, long term growth, and projected P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts view the refreshed coverage as a chance to reset assumptions on discount rates and long term growth, which they see as better aligned with Horizon Bancorp’s current positioning.
ナラティブの更新 • Apr 02HBNC: Overweight Rating And Higher P E Expectations Will Support UpsideAnalysts have adjusted the Horizon Bancorp valuation, trimming the fair value estimate from $21.20 to $20.80. Recent research, including an Overweight initiation and a higher published price target, highlights updated assumptions around the discount rate, revenue outlook, profit margin, and future P/E expectations.
お知らせ • Apr 02Horizon Bancorp, Inc. to Report Q1, 2026 Results on Apr 22, 2026Horizon Bancorp, Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026
Recent Insider Transactions Derivative • Mar 29CEO, President & Director notifies of intention to sell stockThomas Prame intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of March. If the sale is conducted around the recent share price of US$16.08, it would amount to US$108k. For the year to December 2022, Thomas' total compensation was 35% salary and 65% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2025, Thomas' direct individual holding has increased from 47.52k shares to 54.98k. There has only been one transaction (US$66k purchase) from insiders over the last 12 months.
Declared Dividend • Mar 26Fourth quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 2nd April 2026 Payment date: 17th April 2026 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
Recent Insider Transactions Derivative • Mar 24CEO, President & Director notifies of intention to sell stockThomas Prame intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of March. If the sale is conducted around the recent share price of US$16.08, it would amount to US$108k. For the year to December 2022, Thomas' total compensation was 35% salary and 65% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2025, Thomas' direct individual holding has increased from 47.52k shares to 59.33k. There has only been one transaction (US$66k purchase) from insiders over the last 12 months.
お知らせ • Mar 23Horizon Bancorp, Inc., Annual General Meeting, May 07, 2026Horizon Bancorp, Inc., Annual General Meeting, May 07, 2026.
ナラティブの更新 • Mar 19HBNC: Lower Discount Rate Will Support Stronger Forward Earnings VisibilityAnalysts have increased their Horizon Bancorp price target by $2, citing updated assumptions around discount rates, revenue growth, and future P/E ratios that they believe are now better aligned with current fundamentals. Analyst Commentary Bullish Takeaways Bullish analysts view the higher price target as a reflection of updated assumptions on discount rates that they see as better matching current market conditions and Horizon Bancorp’s risk profile.
ナラティブの更新 • Mar 05HBNC: Revised Earnings And Margin Profile Will Support Higher Fair ValueAnalysts have raised their Horizon Bancorp price target by $2 to $21.20, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E as reflected in recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher US$21.20 target as support for their updated view of Horizon Bancorp's fair value based on current Street research inputs.
お知らせ • Jan 27Horizon Bancorp, Inc. Announces Changes in Board of DirectorsHorizon Bancorp, Inc. announced that James B. Dworkin will retire from the Board of Directors effective at the expiration of his current term on May 7, 2026. James B. Dworkin, Chancellor Emeritus & Professor of Management Mitchell E. Daniels School of Business Purdue University North Central, has served on Horizon’s Board of Directors since 2003, and on the Board of Directors of Horizon Bank since 2002. In this role, he served as a member of Horizon’s Audit Committee and the Chair of the Wealth Committee. Also, in an unrelated action, on January 20, 2026, Julie S. Freigang submitted notice of her resignation from the Board of Directors, effective January 20, 2026. Julie S. Freigang, Vice President & Chief Information Officer of CF Industries Holdings, Inc. has served on the Board of Directors of Horizon Bank since 2019 and was appointed to the Horizon Board of Directors in January 2020. In this role, she served as a member of the Audit Committee and was the Chair of the Cyber Security Committee.
お知らせ • Jan 22Horizon Bancorp, Inc. Reports Total Net Charge-Offs for the Fourth Quarter Ended December 31, 2025Horizon Bancorp, Inc. reported Total net charge-offs for the fourth quarter Ended December 31, 2025. For the quarter, the company reported Total net charge-offs of $970,000 against $626,000 a year ago.
お知らせ • Jan 03Horizon Bancorp, Inc. to Report Q4, 2025 Results on Jan 21, 2026Horizon Bancorp, Inc. announced that they will report Q4, 2025 results After-Market on Jan 21, 2026
分析記事 • Dec 21Horizon Bancorp (NASDAQ:HBNC) Is Paying Out A Dividend Of $0.16The board of Horizon Bancorp, Inc. ( NASDAQ:HBNC ) has announced that it will pay a dividend on the 16th of January...
Declared Dividend • Dec 21Third quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 2nd January 2026 Payment date: 16th January 2026 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
お知らせ • Oct 24Horizon Bancorp, Inc. Reports Total Net Charge-Offs for the Third Quarter Ended September 30, 2025Horizon Bancorp, Inc. reported Total net charge-offs for the third quarter ended September 30, 2025. For the quarter, the company reported Total net charge-offs of $831,000 against $378,000 a year ago.
お知らせ • Oct 15Horizon Bancorp, Inc. Announces the Appointment of Larry S. Magnesen as Independent Director, Effective October 10, 2025Horizon Bancorp, Inc. announced the appointment of Larry S. Magnesen to serve as independent director on the Company’s Board of Directors, effective on October 10, 2025. Currently serving on Horizon Bank’s Board of Directors, Magnesen is the retired Senior Vice President, Corporate Communications Director at Fifth Third Bank (Chicago) with over forty years of experience in the banking industry. During his time with Fifth Third Bank, he also served as Chief Reputation Officer and Chief Marketing Officer based in Cincinnati, Ohio, and Senior Vice President, Regional Marketing based in Grand Rapids, Michigan. Previously, Magnesen served various roles in Retail Banking, Business Banking, and Marketing at other banks including Old Kent Bank, Banc One Ohio Corporation, now part of Chase Bank, and Citibank. Additionally, he served in leadership roles on non-profit boards in communities throughout the Midwest including, LISC Grand Rapids, Meijer Gardens and Sculpture Park, and Public Media Connect. Magnesen earned his bachelor’s degree in Psychology and International Business from Carthage College in Kenosha, Wisconsin, and has a Master of Management from Northwestern University, J.L. Kellogg Graduate School of Management with dual concentrations in Marketing and Finance. With his addition to the Horizon Bancorp Board, Magnesen joins the Enterprise Risk Management, Credit Policy, and Fair Lending Committee and the Wealth Committee.
分析記事 • Oct 02Horizon Bancorp (NASDAQ:HBNC) Is Paying Out A Dividend Of $0.16Horizon Bancorp, Inc. ( NASDAQ:HBNC ) will pay a dividend of $0.16 on the 17th of October. This means the annual...
お知らせ • Oct 02Horizon Bancorp, Inc. to Report Q3, 2025 Results on Oct 22, 2025Horizon Bancorp, Inc. announced that they will report Q3, 2025 results After-Market on Oct 22, 2025
Major Estimate Revision • Oct 01Consensus EPS estimates fall by 90%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$1.30 to -US$2.47 per share. Revenue forecast unchanged at US$273.7m. Banks industry in the US expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at US$19.30. Share price was steady at US$16.10 over the past week.
Declared Dividend • Sep 21Second quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 3rd October 2025 Payment date: 17th October 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 59% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 18Horizon Bancorp, Inc. Approves Dividend, Payable on October 17, 2025On September 16, 2025, the Board of Directors of Horizon Bancorp, Inc. approved a dividend of $0.16 per share, payable on October 17, 2025 to stockholders of record on October 3, 2025.
Major Estimate Revision • Aug 26Consensus EPS estimates fall from profit to US$0.77 loss, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$269.5m to US$273.0m. Now expected to report loss of -US$0.765 instead of US$1.93 per share profit. Banks industry in the US expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at US$18.50. Share price was steady at US$16.35 over the past week.
お知らせ • Aug 21+ 1 more updateHorizon Bancorp, Inc. has completed a Follow-on Equity Offering in the amount of $90.0015 million.Horizon Bancorp, Inc. has completed a Follow-on Equity Offering in the amount of $90.0015 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 6,207,000 Price\Range: $14.5 Discount Per Security: $0.68875
Reported Earnings • Jul 24Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: US$0.47 (up from US$0.32 in 2Q 2024). Revenue: US$63.8m (up 20% from 2Q 2024). Net income: US$20.6m (up 46% from 2Q 2024). Profit margin: 32% (up from 27% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
分析記事 • Jul 02Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16The board of Horizon Bancorp, Inc. ( NASDAQ:HBNC ) has announced that it will pay a dividend on the 18th of July, with...
お知らせ • Jul 02Horizon Bancorp, Inc. to Report Q2, 2025 Results on Jul 23, 2025Horizon Bancorp, Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025
Declared Dividend • Jun 25First quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 3rd July 2025 Payment date: 18th July 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 19Horizon Bancorp, Inc. Approves Dividend, Payable on July 18, 2025Horizon Bancorp, Inc. approved a dividend of $0.16 per share, payable on July 18, 2025 to stockholders of record on July 3, 2025.
Board Change • Jun 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Brian Walker was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 24First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.55 (up from US$0.32 in 1Q 2024). Revenue: US$67.4m (up 29% from 1Q 2024). Net income: US$23.9m (up 71% from 1Q 2024). Profit margin: 36% (up from 27% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Seeking Alpha • Apr 10Horizon Bancorp: Attractive Ahead Of Q1 EarningsSummary Horizon Bancorp shares have declined 25% from their highs, presenting a buying opportunity ahead of their April 23rd earnings report. The bank has undergone a smooth management transition, with a new CEO and independent chairman, posing a modest but acceptable risk. Horizon's balance sheet repositioning has boosted net interest margins, and the bank is well-capitalized with an 11% CET1 ratio. Despite tariff-related uncertainties, HBNC is well-positioned for growth, with a fair value estimate of $16, offering 15% upside plus a 5% dividend yield. Read the full article on Seeking Alpha
お知らせ • Apr 02Horizon Bancorp, Inc. to Report Q1, 2025 Results on Apr 23, 2025Horizon Bancorp, Inc. announced that they will report Q1, 2025 results After-Market on Apr 23, 2025
Seeking Alpha • Mar 29Horizon Bancorp Appears Undervalued With A Positive Earnings OutlookSummary The loan growth will likely slow down significantly this year because of a planned runoff of auto loans. Further, the outlook for commercial loans is lackluster. The recent sales of AFS Securities and the Mortgage Warehouse business will lift the net interest margin. Further, interest rate cuts will benefit the margin. I’m expecting earnings to grow to $1.75 per share in 2025 from $0.80 per share in 2024. HBNC is offering a high price upside of 19% and a good dividend yield of 4.1%. Read the full article on Seeking Alpha
分析記事 • Mar 22Horizon Bancorp (NASDAQ:HBNC) Is Due To Pay A Dividend Of $0.16Horizon Bancorp, Inc. ( NASDAQ:HBNC ) has announced that it will pay a dividend of $0.16 per share on the 18th of...
Declared Dividend • Mar 21Fourth quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 4th April 2025 Payment date: 18th April 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (79% payout ratio) and is expected to be covered in 3 years' time (36% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 85% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 20Horizon Bancorp, Inc. announces Quarterly dividend, payable on April 18, 2025Horizon Bancorp, Inc. announced Quarterly dividend of USD 0.1600 per share payable on April 18, 2025, ex-date on April 04, 2025 and record date on April 04, 2025.
お知らせ • Mar 18Horizon Bancorp, Inc., Annual General Meeting, May 01, 2025Horizon Bancorp, Inc., Annual General Meeting, May 01, 2025.
Reported Earnings • Mar 16Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$0.81 (up from US$0.64 in FY 2023). Revenue: US$186.2m (up 1.9% from FY 2023). Net income: US$35.4m (up 27% from FY 2023). Profit margin: 19% (up from 15% in FY 2023). The increase in margin was primarily driven by lower expenses. Net interest margin (NIM): 2.68% (up from 2.54% in FY 2023). Non-performing loans: 0.56% (up from 0.46% in FY 2023). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 27Horizon Bancorp, Inc. Announces Board Changes, Effective May 1, 2025Horizon Bancorp, Inc. announced that Craig Dwight, Chairman of Board, will retire from the Board of Directors effective at the expiration of his current term on May 1, 2025. Mr. Dwight provided written notice of his decision on February 24, 2025, which was accepted by the Board on February 25, 2025. Concurrently, the Board of Directors elected Eric Blackhurst to serve as an Independent Chairperson, effective upon Mr. Dwight’s retirement. Mr. Blackhurst has served as a Company Director for over seven years during which time his leadership has been instrumental, notably as Chairperson of Corporate Governance and as a member of the Compensation Committee. Mr. Blackhurst recently retired from an esteemed 35-year career at The Dow Chemical Company where he served as Associate General Counsel, Corporate Transactions and Latin America. His is currently interim president of Alma College. Additionally, with Horizon’s transition to an Independent Chairperson, the role of Independent Lead Director, currently held by Michele Magnuson, will be retired. Ms. Magnuson will remain on the Board and continue to serve on the Compensation and Governance Committees.
Recent Insider Transactions • Feb 21Chairman recently sold US$171k worth of stockOn the 19th of February, Craig Dwight sold around 10k shares on-market at roughly US$17.14 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$350k. This was Craig's only on-market trade for the last 12 months.
お知らせ • Jan 04Horizon Bancorp, Inc. to Report Q4, 2024 Results on Jan 22, 2025Horizon Bancorp, Inc. announced that they will report Q4, 2024 results After-Market on Jan 22, 2025
Declared Dividend • Dec 20Third quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 3rd January 2025 Payment date: 17th January 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio). However, the dividend is expected to be well covered in 3 years' time (39% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. EPS is expected to grow by 118% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
Recent Insider Transactions • Dec 08Insider recently sold US$350k worth of stockOn the 4th of December, Mark Secor sold around 19k shares on-market at roughly US$17.99 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$660k more than they bought in the last 12 months.
Price Target Changed • Nov 17Price target increased by 9.9% to US$18.90Up from US$17.20, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$18.27. Stock is up 63% over the past year. The company is forecast to post earnings per share of US$0.94 for next year compared to US$0.64 last year.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$18.76, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Banks industry in the US. Total returns to shareholders of 8.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$25.46 per share.
Major Estimate Revision • Oct 30Consensus EPS estimates fall by 31%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$229.8m to US$233.0m. EPS estimate fell from US$1.38 to US$0.943 per share. Net income forecast to grow 208% next year vs 12% growth forecast for Banks industry in the US. Consensus price target up from US$17.20 to US$18.30. Share price rose 7.1% to US$16.19 over the past week.
Reported Earnings • Oct 24Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$0.42 (up from US$0.37 in 3Q 2023). Revenue: US$57.4m (up 6.9% from 3Q 2023). Net income: US$18.2m (up 12% from 3Q 2023). Profit margin: 32% (up from 30% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 27Horizon Bancorp, Inc. to Report Q3, 2024 Results on Oct 23, 2024Horizon Bancorp, Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024
分析記事 • Sep 24Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16The board of Horizon Bancorp, Inc. ( NASDAQ:HBNC ) has announced that it will pay a dividend on the 18th of October...
新しいナラティブ • Sep 24John Stewart's Arrival And Calculated Finance Overhaul To Spearhead Revenue Surge And Margin Expansion Strengthening financial strategy with a new CFO and expanding loan portfolio could notably enhance Horizon Bancorp's revenue growth and profitability.
Declared Dividend • Sep 23Second quarter dividend of US$0.16 announcedDividend of US$0.16 is the same as last year. Ex-date: 4th October 2024 Payment date: 18th October 2024 Dividend yield will be 4.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 62% to bring the payout ratio under control. EPS is expected to grow by 58% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Buy Or Sell Opportunity • Sep 17Now 20% undervaluedOver the last 90 days, the stock has risen 37% to US$16.05. The fair value is estimated to be US$20.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has declined by 31%. Revenue is forecast to grow by 32% in a year. Earnings are forecast to grow by 234% in the next year.
Buy Or Sell Opportunity • Aug 27Now 20% undervaluedOver the last 90 days, the stock has risen 33% to US$15.67. The fair value is estimated to be US$19.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has declined by 31%. Revenue is forecast to grow by 32% in a year. Earnings are forecast to grow by 234% in the next year.
Price Target Changed • Jul 26Price target increased by 7.0% to US$15.25Up from US$14.25, the current price target is an average from 4 analysts. New target price is 6.8% below last closing price of US$16.37. Stock is up 30% over the past year. The company is forecast to post earnings per share of US$1.37 for next year compared to US$0.64 last year.
Reported Earnings • Jul 25Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: US$0.32 (down from US$0.43 in 2Q 2023). Revenue: US$53.4m (down 5.5% from 2Q 2023). Net income: US$14.1m (down 25% from 2Q 2023). Profit margin: 27% (down from 33% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$14.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 1.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$16.14 per share.
Buy Or Sell Opportunity • Jul 04Now 21% undervaluedOver the last 90 days, the stock has risen 3.5% to US$12.32. The fair value is estimated to be US$15.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 24% in a year. Earnings are forecast to grow by 152% in the next year.
Declared Dividend • Jul 01First quarter dividend of US$0.16 announcedShareholders will receive a dividend of US$0.16. Ex-date: 5th July 2024 Payment date: 19th July 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control. EPS is expected to grow by 47% over the next year, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Jun 28Horizon Bancorp, Inc. to Report Q2, 2024 Results on Jul 24, 2024Horizon Bancorp, Inc. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024
お知らせ • May 15+ 1 more updateHorizon Bancorp, Inc. Names John R. Stewart as Executive Vice President, on May 20, 2024Horizon Bancorp, Inc. announced that John R. Stewart, CFA has been named Horizon’s next Executive Vice President on May 20, 2024. Stewart has 22 years of financial services experience spanning banking, investment management and corporate finance at regional banks, global investment banks and institutional asset management firms. He has held leadership roles in both public and private financial institutions with his most recent role as the Deputy Chief Financial Officer of a $30 billion publicly traded bank with oversight responsibilities for several lines of business and previously included all finance functions including corporate treasury, accounting, financial planning and analysis, and capital planning. Stewart also brings depth and experience in strategic planning, corporate development and investor relations to Horizon’s leadership team. Stewart received his Bachelor of Arts degree in Economics from Bucknell University in Lewisburg, PA, and is Chartered Financial Analyst (CFA) charterholder through the CFA Institute. Stewart succeeds Mark Secor, the Bank’s CFO for the past 16 years. Secor will remain with the organization taking on a new role of Chief Administration Officer responsible for investor relations, legal, benefits administration and corporate facilities. Additionally, Mark will assist in the transition of the CFO role to Stewart. Both Stewart and Secor will report to Thomas Prame, CEO and President of Horizon Bank.
Buy Or Sell Opportunity • May 14Now 20% undervaluedOver the last 90 days, the stock has risen 2.1% to US$12.43. The fair value is estimated to be US$15.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 24% in a year. Earnings are forecast to grow by 152% in the next year.
Seeking Alpha • May 03Horizon Bancorp: Attractive Dividend Yield And A Positive Earnings OutlookSummary I’ve increased my loan growth and margin estimates after the stronger-than-expected performance in the first quarter. Planned asset re-mixes and the upcoming interest rate cuts will likely drive the net interest margin. The December 2024 target price suggests a price upside of ~ 20% as of the writing of this report. HBNC is offering quite a high dividend yield of 5.2%. Read the full article on Seeking Alpha
Reported Earnings • Apr 25First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: US$0.32 (down from US$0.42 in 1Q 2023). Revenue: US$52.4m (down 4.0% from 1Q 2023). Net income: US$14.0m (down 23% from 1Q 2023). Profit margin: 27% (down from 33% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 14% per year.
お知らせ • Apr 02Horizon Bancorp, Inc. to Report Q1, 2024 Results on Apr 24, 2024Horizon Bancorp, Inc. announced that they will report Q1, 2024 results After-Market on Apr 24, 2024
Declared Dividend • Mar 25Fourth quarter dividend of US$0.16 announcedShareholders will receive a dividend of US$0.16. Ex-date: 4th April 2024 Payment date: 19th April 2024 Dividend yield will be 5.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio). However, the dividend is expected to be well covered in 3 years' time (44% forecast payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. EPS is expected to grow by 90% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Mar 19Horizon Bancorp, Inc., Annual General Meeting, May 02, 2024Horizon Bancorp, Inc., Annual General Meeting, May 02, 2024, at 10:00 Central Standard Time. Agenda: To elect three directors to serve three year terms expiring in 2027; to vote on a non binding, advisory proposal to approve the compensation of Horizon's executive officers described in this Proxy Statement; to hold non binding, advisory vote on the frequency of the advisory vote to approve Horizon's executive compensation; to ratify the appointment of FORVIS, LLP, as independent registered public accounting firm for 2024; and to transact such other business as may properly come before the meeting or any adjournment of the meeting.
Reported Earnings • Mar 17Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$0.64 (down from US$2.14 in FY 2022). Revenue: US$185.3m (down 25% from FY 2022). Net income: US$28.0m (down 70% from FY 2022). Profit margin: 15% (down from 38% in FY 2022). The decrease in margin was primarily driven by lower revenue. Net interest margin (NIM): 2.55% (down from 2.98% in FY 2022). Cost-to-income ratio: 66.7% (up from 58.1% in FY 2022). Non-performing loans: 0.44% (down from 0.53% in FY 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Seeking Alpha • Jan 31Horizon Bancorp: All In All, A Positive Q4 2023Summary Horizon Bancorp's Q4 earnings report showed a miss in EPS and revenue, but a closer analysis reveals positive aspects. The company faced extraordinary expenses, but is entering 2024 with expanding margins and financial flexibility. The bank's low LTD ratio and ample cash on hand position it well for growth and reduced competition in 2024. Read the full article on Seeking Alpha
Reported Earnings • Jan 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$0.64 (down from US$2.14 in FY 2022). Revenue: US$185.3m (down 25% from FY 2022). Net income: US$28.0m (down 70% from FY 2022). Profit margin: 15% (down from 38% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.
お知らせ • Jan 25Horizon Bancorp, Inc. Announces Executive AppointmentsOn January 23, 2024, the Board of Directors of Horizon Bancorp, Inc. increased the size of the Board from 12 to 13 members by increasing the Board Class of 2025 from 3 to 4 members. In addition, on January 23, 2024, the Board elected Kevin W. Ahern and Brian W. Maass to serve as directors of the Company to fill the vacancies in the Board Class of 2025, effective immediately. Each of these two new directors will serve for an initial term expiring at the 2025 annual meeting of shareholders and until his successor is elected and qualified, or until his earlier death, resignation or removal. On January 23, 2024, the Board also appointed Kevin W. Ahern to serve on the Asset Liability Committee of the Board and the Wealth Management Committee of the Board, effective immediately. Mr. Ahern, 60, is a co-founder and Managing Partner of Brush Creek Partners, a private investment vehicle focused on making investments in operating companies in the specialty finance, banking and financial services, manufacturing, distribution, media, and business and consumer services sectors. He also actively provides consulting and advisory services to a number of banking and wealth management organizations by way of Colorow Capital Partners, a strategic advisory and consulting company. The Board has determined that Mr. Ahern is an “independent” director under the Company’s Board Responsibilities and Guidelines and the listing standards of the Nasdaq Stock Market LLC (“Nasdaq”), as well as the applicable rules promulgated by the Securities and Exchange Commission (the “SEC”). On January 23, 2024, the Board also appointed Brian W. Maass to serve on the Audit Committee of the Board and the Asset Liability Committee of the Board, effective immediately. Mr. Maass, 50, has held executive roles with TCF Financial, (2012-2021) in Minneapolis, MN (now Huntington Bank), including serving as Executive Vice President, Chief Financial Officer for over five years. The Board has determined that Mr. Maass is an “independent” director under the Company’s Board Responsibilities and Guidelines and the listing standards of Nasdaq, as well as the applicable rules promulgated by the SEC, and that he meets the additional independence requirements of Nasdaq with respect to members of the Audit Committee.
お知らせ • Jan 24Horizon Bancorp, Inc. and Horizon Bank Announces Retirement of Peter L. Pairitz from the Board of DirectorsPeter L. Pairitz, a member of the Board of Directors (the “Board”) of Horizon Bancorp, Inc. (the “Company”), submitted notice on January 19, 2024 that he will retire from the Board at the end of his current term and will not stand for re-election at the Company's 2024 annual meeting of shareholders. He will also retire from the Board of Directors of the Company's wholly owned subsidiary, Horizon Bank, effective at the expiration of his current term as a director of the Company. The decision by Mr. Pairitz to retire as a director was not a result of any disagreement with the Board or management of the Company or Horizon Bank. Mr. Pairitz serves as a member and Chair of the Compensation Committee. The Board thanks Mr. Pairitz for his years of service and contributions to the Company.
お知らせ • Jan 17Horizon Bancorp, Inc. Announces Passing of Director Spero W. ValavanisHorizon Bancorp, Inc. was informed of the passing of Director Spero W. Valavanis. Mr. Valavanis served on Horizon Bancorp, Inc.'s Board of Directors since 2000 and on the Board of Directors of Horizon Bank, its wholly-owned subsidiary, since 1998. During his tenure as a Director, Spero helped guide the organization from approximately $300 million in assets with nine branches to nearly $8 billion in assets with over 70 locations in Indiana and Michigan. He most recently served on the Company's Asset-Liability Committee and Wealth Management Committee.
Upcoming Dividend • Dec 28Upcoming dividend of US$0.16 per share at 4.4% yieldEligible shareholders must have bought the stock before 04 January 2024. Payment date: 19 January 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (3.2%).
お知らせ • Dec 19Horizon Bancorp, Inc. to Report Q4, 2023 Results on Jan 24, 2024Horizon Bancorp, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Jan 24, 2024
Price Target Changed • Dec 14Price target increased by 8.7% to US$12.50Up from US$11.50, the current price target is an average from 4 analysts. New target price is 12% below last closing price of US$14.16. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of US$0.77 for next year compared to US$2.14 last year.
Major Estimate Revision • Dec 14Consensus EPS estimates fall by 50%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$1.53 to US$0.77. Revenue forecast unchanged from US$217.8m at last update. Net income forecast to shrink 33% next year vs 10% decline forecast for Banks industry in the US. Consensus price target up from US$11.50 to US$12.50. Share price rose 17% to US$14.16 over the past week.
お知らせ • Nov 08+ 1 more updateHorizon Bancorp, Inc. Announces CFO TransitionHorizon Bancorp, Inc. announced the succession plan for its chief financial officer (“CFO”) and a restructuring of its mortgage and consumer lending leadership. Horizon and Mark Secor have agreed that he will transition from his role as Executive Vice President and CFO of the Company and Horizon Bank. Mr. Secor will continue in the role of Executive Vice President and CFO until a successor is appointed and provide transitional support through April 30, 2024.
Price Target Changed • Oct 31Price target decreased by 11% to US$11.50Down from US$12.88, the current price target is an average from 4 analysts. New target price is 21% above last closing price of US$9.49. Stock is down 36% over the past year. The company is forecast to post earnings per share of US$1.53 for next year compared to US$2.14 last year.
Reported Earnings • Oct 26Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$0.37 (down from US$0.55 in 3Q 2022). Revenue: US$53.7m (down 16% from 3Q 2022). Net income: US$16.2m (down 32% from 3Q 2022). Profit margin: 30% (down from 37% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates significantly. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Price Target Changed • Oct 13Price target decreased by 7.2% to US$12.88Down from US$13.88, the current price target is an average from 4 analysts. New target price is 28% above last closing price of US$10.08. Stock is down 47% over the past year. The company is forecast to post earnings per share of US$1.54 for next year compared to US$2.14 last year.
Upcoming Dividend • Sep 28Upcoming dividend of US$0.16 per share at 6.1% yieldEligible shareholders must have bought the stock before 05 October 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of American dividend payers (5.1%). Higher than average of industry peers (3.9%).
お知らせ • Sep 22Horizon Bancorp, Inc. to Report Q3, 2023 Results on Oct 25, 2023Horizon Bancorp, Inc. announced that they will report Q3, 2023 results After-Market on Oct 25, 2023
Price Target Changed • Jul 31Price target increased by 9.9% to US$13.88Up from US$12.63, the current price target is an average from 4 analysts. New target price is 10% above last closing price of US$12.60. Stock is down 34% over the past year. The company is forecast to post earnings per share of US$1.56 for next year compared to US$2.14 last year.
Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: US$0.43 (down from US$0.57 in 2Q 2022). Revenue: US$56.5m (down 13% from 2Q 2022). Net income: US$18.8m (down 25% from 2Q 2022). Profit margin: 33% (down from 39% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to stay flat during the next 2 years compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year.
お知らせ • Jun 29Horizon Bancorp, Inc. to Report Q2, 2023 Results on Jul 26, 2023Horizon Bancorp, Inc. announced that they will report Q2, 2023 results After-Market on Jul 26, 2023
Upcoming Dividend • Jun 29Upcoming dividend of US$0.16 per share at 6.1% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (3.7%).
Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$10.76, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 6.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$16.69 per share.
お知らせ • May 26Horizon Bancorp, Inc. and Horizon Bank Announce Retirement of Susan D. Aaron from the Board of Directors, Effective on December 31, 2023Susan D. Aaron, a member of the Board of Directors of Horizon Bancorp, Inc., submitted notice on May 22, 2023 that she will retire from the Board, effective as of December 31, 2023. She will also retire from the Board of Directors of the Company's wholly owned subsidiary, Horizon Bank, effective December 31, 2023. The decision by Ms. Aaron to retire as a director was not a result of any disagreement with the Board or management of the Company or Horizon Bank. Ms. Aaron serves as a member of the Wealth Management Committee, the Enterprise Risk Management & Credit Policy/CRA & Fair Lending Committee, and as an alternate member of the Compensation Committee.
お知らせ • May 25the Gross Law Firm Notifies Shareholders of Horizon Bancorp, Inc. of A Class Action Lawsuit and Lead Plaintiff Deadline of June 20, 2023The Gross Law Firm issues the following notice to shareholders of Horizon Bancorp, Inc. Shareholders who purchased shares of HBNC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD: March 9, 2022 to March 10, 2023. ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company maintained deficient internal accounting controls relating to its classification of certain loan balances and securities; (ii) as a result of the foregoing deficiencies, throughout 2022 the Company issued quarterly financial statements containing errors that would require subsequent revision; (iii) restatement of the foregoing financial statements would hinder the Company's ability to timely file its annual report for 2022; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Valuation Update With 7 Day Price Move • May 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$9.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 1.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$16.22 per share.
Valuation Update With 7 Day Price Move • May 04Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to US$8.23, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Banks industry in the US. Total loss to shareholders of 8.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$16.44 per share.
Price Target Changed • Apr 06Price target decreased by 11% to US$15.40Down from US$17.40, the current price target is an average from 5 analysts. New target price is 42% above last closing price of US$10.82. Stock is down 41% over the past year. The company is forecast to post earnings per share of US$1.68 for next year compared to US$2.14 last year.
Upcoming Dividend • Mar 29Upcoming dividend of US$0.16 per share at 5.9% yieldEligible shareholders must have bought the stock before 05 April 2023. Payment date: 21 April 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (3.7%).
Price Target Changed • Mar 28Price target decreased by 8.9% to US$16.40Down from US$18.00, the current price target is an average from 5 analysts. New target price is 51% above last closing price of US$10.87. Stock is down 45% over the past year. The company is forecast to post earnings per share of US$1.72 for next year compared to US$2.14 last year.
分析記事 • Mar 28Horizon Bancorp's (NASDAQ:HBNC) Upcoming Dividend Will Be Larger Than Last Year'sHorizon Bancorp, Inc.'s ( NASDAQ:HBNC ) dividend will be increasing from last year's payment of the same period to...
