Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. More Details
No risks detected for HBNC from our risk checks.
Flawless balance sheet established dividend payer.
Share Price & News
How has Horizon Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HBNC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HBNC's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: HBNC exceeded the US Banks industry which returned 63% over the past year.
Return vs Market: HBNC exceeded the US Market which returned 42.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Horizon Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StWith EPS Growth And More, Horizon Bancorp (NASDAQ:HBNC) Is Interesting
1 month ago | Simply Wall StSome Shareholders May find It Hard To Increase Horizon Bancorp, Inc.'s (NASDAQ:HBNC) CEO Compensation This Year
2 months ago | Simply Wall StHere's What We Like About Horizon Bancorp's (NASDAQ:HBNC) Upcoming Dividend
Is Horizon Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HBNC ($17.5) is trading below our estimate of fair value ($30.46)
Significantly Below Fair Value: HBNC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HBNC is good value based on its PE Ratio (9.9x) compared to the US Banks industry average (11.9x).
PE vs Market: HBNC is good value based on its PE Ratio (9.9x) compared to the US market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: HBNC is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: HBNC's PB Ratio (1.1x) is in line with the US Banks industry average.
How is Horizon Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HBNC's forecast earnings growth (4.8% per year) is above the savings rate (2%).
Earnings vs Market: HBNC's earnings (4.8% per year) are forecast to grow slower than the US market (15.7% per year).
High Growth Earnings: HBNC's earnings are forecast to grow, but not significantly.
Revenue vs Market: HBNC's revenue (5% per year) is forecast to grow slower than the US market (9.5% per year).
High Growth Revenue: HBNC's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HBNC's Return on Equity is forecast to be low in 3 years time (10.9%).
How has Horizon Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HBNC has high quality earnings.
Growing Profit Margin: HBNC's current net profit margins (34.3%) are higher than last year (33.1%).
Past Earnings Growth Analysis
Earnings Trend: HBNC's earnings have grown significantly by 25.3% per year over the past 5 years.
Accelerating Growth: HBNC's earnings growth over the past year (14.7%) is below its 5-year average (25.3% per year).
Earnings vs Industry: HBNC earnings growth over the past year (14.7%) underperformed the Banks industry 20.7%.
Return on Equity
High ROE: HBNC's Return on Equity (11.2%) is considered low.
How is Horizon Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: HBNC's Assets to Equity ratio (8.8x) is low.
Allowance for Bad Loans: HBNC has a sufficient allowance for bad loans (228%).
Low Risk Liabilities: 88% of HBNC's liabilities are made up of primarily low risk sources of funding.
Loan Level: HBNC has an appropriate level of Loans to Assets ratio (60%).
Low Risk Deposits: HBNC's Loans to Deposits ratio (76%) is appropriate.
Level of Bad Loans: HBNC has an appropriate level of bad loans (0.7%).
What is Horizon Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HBNC's dividend (2.97%) is higher than the bottom 25% of dividend payers in the US market (1.3%).
High Dividend: HBNC's dividend (2.97%) is low compared to the top 25% of dividend payers in the US market (3.46%).
Stability and Growth of Payments
Stable Dividend: HBNC's dividends per share have been stable in the past 10 years.
Growing Dividend: HBNC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.8%), HBNC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HBNC's dividends in 3 years are forecast to be well covered by earnings (30.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Craig Dwight (63 yo)
Mr. Craig M. Dwight has been the Chief Executive Officer of Horizon Bancorp, Inc. and for its subsidiary, Horizon Bank, N.A. since July 1, 2001. Mr. Dwight served as the President of Horizon Bancorp, Inc. ...
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD1.28M) is below average for companies of similar size in the US market ($USD2.39M).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
Experienced Management: HBNC's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: HBNC's board of directors are considered experienced (7.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Horizon Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Horizon Bancorp, Inc.
- Ticker: HBNC
- Exchange: NasdaqGS
- Founded: 1873
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$769.111m
- Shares outstanding: 43.95m
- Website: https://www.horizonbank.com
Number of Employees
- Horizon Bancorp, Inc.
- 515 Franklin Street
- Michigan City
- United States
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers demand and time deposits. It also provides co...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/24 02:45|
|End of Day Share Price||2021/06/23 00:00|
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.