4WC Stock Overview

Operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. More details

4WC fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	1/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 49.1% below our estimate of its fair value

Earnings are forecast to grow 55.11% per year

Analysts in good agreement that stock price will rise by 27.9%

Risk Analysis

Profit margins (11.5%) are lower than last year (33.2%)

Dividend of 4.09% is either not well covered by earnings currently or not forecast to be covered

Significant insider selling over the past 3 months

My Notes

Capture your thoughts, links and company narrative

Horizon Bancorp, Inc. Competitors

ProCredit Holding

XTRA:PCZ

€459.4m

Merkur PrivatBank KgaA

XTRA:MBK

€116.7m

Equity Bancshares

NYSE:EQBK

US$719.1m

Farmers & Merchants Bank of Long Beach

OTCPK:FMBL

US$699.4m

Price History & Performance

Summary of share price highs, lows and changes for Horizon Bancorp
Historical stock prices
Current Share Price	US$14.90
52 Week High	US$17.60
52 Week Low	US$10.40
Beta	1.07
1 Month Change	-11.31%
3 Month Change	12.88%
1 Year Change	21.14%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	64.64%

Recent updates

Shareholder Returns

	4WC	DE Banks	DE Market
7D	-1.3%	1.4%	2.0%
1Y	21.1%	20.7%	9.6%

Return vs Industry: 4WC exceeded the German Banks industry which returned 19.8% over the past year.

Return vs Market: 4WC exceeded the German Market which returned 9.1% over the past year.

Price Volatility

Is 4WC's price volatile compared to industry and market?
4WC volatility
4WC Average Weekly Movement	6.2%
Banks Industry Average Movement	3.1%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.7%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 4WC has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 4WC's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1873	847	Thomas Prame	www.horizonbank.com

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits. It also provides commercial, residential real estate, mortgage, home equity, auto, personal, business, agricultural, and SBA loans, as well as credit cards.

Horizon Bancorp, Inc. Fundamentals Summary

How do Horizon Bancorp's earnings and revenue compare to its market cap?
4WC fundamental statistics
Market cap	€666.65m
Earnings (TTM)	€20.39m
Revenue (TTM)	€177.55m

32.4x

P/E Ratio

0.9x

P/B Ratio

Is 4WC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
4WC income statement (TTM)
Revenue	US$183.72m
Cost of Revenue	US$0
Gross Profit	US$183.72m
Other Expenses	US$162.62m
Earnings	US$21.10m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Jan 22, 2025

Earnings per share (EPS)	0.48
Gross Margin	100.00%
Net Profit Margin	11.48%
Debt/Equity Ratio	184.6%

How did 4WC perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

133%

Payout Ratio

Does 4WC pay a reliable dividends?

See 4WC dividend history and benchmarks

When do you need to buy 4WC by to receive an upcoming dividend?
Horizon Bancorp dividend dates
Ex Dividend Date	Jan 03 2025
Dividend Pay Date	Jan 17 2025
Days until Ex dividend	5 days
Days until Dividend pay date	9 days

Does 4WC pay a reliable dividends?

See 4WC dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/07 06:07
End of Day Share Price	2025/01/07 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Horizon Bancorp, Inc. is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Brian Martin	FIG Partners
Brendan Nosal	Hovde Group, LLC
Brian Martin	Janney Montgomery Scott LLC