Horizon Bancorp (HBNC) Stock Overview
Operates as the bank holding company for Horizon Bank that provides commercial and retail banking services to individuals and corporate clients in Indiana and Michigan in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
HBNC Community Fair Values
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Analyst Price Targets
Horizon Bancorp, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$18.32 |
| 52 Week High | US$19.07 |
| 52 Week Low | US$14.34 |
| Beta | 0.80 |
| 1 Month Change | 9.31% |
| 3 Month Change | 2.00% |
| 1 Year Change | 21.32% |
| 3 Year Change | 113.02% |
| 5 Year Change | -0.27% |
| Change since IPO | 2,155.96% |
Recent News & Updates
Horizon Bancorp Continues To Benefit From Steps Taken In 2025
Apr 23
HBNC: Overweight Rating And Refreshed P E Assumptions Will Support Upside
Analysts 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.HBNC: Overweight Rating And Higher P E Expectations Will Support Upside
Analysts 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.Recent updates
Horizon Bancorp Continues To Benefit From Steps Taken In 2025
Apr 23HBNC: Overweight Rating And Refreshed P E Assumptions Will Support Upside
Analysts 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.HBNC: Overweight Rating And Higher P E Expectations Will Support Upside
Analysts 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.HBNC: Lower Discount Rate Will Support Stronger Forward Earnings Visibility
Analysts 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.HBNC: Revised Earnings And Margin Profile Will Support Higher Fair Value
Analysts 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.Horizon Bancorp (NASDAQ:HBNC) Is Paying Out A Dividend Of $0.16
Dec 21
Horizon Bancorp (NASDAQ:HBNC) Is Paying Out A Dividend Of $0.16
Oct 02Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16
Jul 02Horizon Bancorp: Attractive Ahead Of Q1 Earnings
Apr 10Horizon Bancorp Appears Undervalued With A Positive Earnings Outlook
Mar 29Horizon Bancorp (NASDAQ:HBNC) Is Due To Pay A Dividend Of $0.16
Mar 22Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16
Sep 24
John 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.Horizon Bancorp: Attractive Dividend Yield And A Positive Earnings Outlook
May 03Horizon Bancorp: All In All, A Positive Q4 2023
Jan 31Horizon Bancorp's (NASDAQ:HBNC) Upcoming Dividend Will Be Larger Than Last Year's
Mar 28Shareholder Returns
| HBNC | US Banks | US Market | |
|---|---|---|---|
| 7D | 2.7% | 1.2% | 0.8% |
| 1Y | 21.3% | 26.9% | 27.8% |
Return vs Industry: HBNC underperformed the US Banks industry which returned 26.9% over the past year.
Return vs Market: HBNC underperformed the US Market which returned 27.8% over the past year.
Price Volatility
| HBNC volatility | |
|---|---|
| HBNC Average Weekly Movement | 3.6% |
| Banks Industry Average Movement | 3.5% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: HBNC has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: HBNC's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1873 | 478 | Thomas Prame | www.horizonbank.com |
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services to individuals and corporate clients in Indiana and Michigan in the United States. The company offers checking, savings, money market, certificates of deposit, and time deposit accounts, as well as non-interest and interest-bearing demand deposits. It also provides commercial loans, residential real estate loans, mortgage warehouse loans, and consumer loans; home equity loans and lines; auto loans; personal loans and lines; business loans and lines; SBA loans; public fund, medical practice, and franchise financing; and equipment finance solutions.
Horizon Bancorp, Inc. Fundamentals Summary
| HBNC fundamental statistics | |
|---|---|
| Market cap | US$935.36m |
| Earnings (TTM) | -US$148.26m |
| Revenue (TTM) | n/a |
Is HBNC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HBNC income statement (TTM) | |
|---|---|
| Revenue | -US$23.16m |
| Cost of Revenue | US$0 |
| Gross Profit | -US$23.16m |
| Other Expenses | US$125.10m |
| Earnings | -US$148.26m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -2.90 |
| Gross Margin | 100.00% |
| Net Profit Margin | 640.14% |
| Debt/Equity Ratio | 54.6% |
How did HBNC perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/03 07:00 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 Github.
Analyst Sources
Horizon Bancorp, Inc. is covered by 8 analysts. 5 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 | Brean Capital Historical (Janney Montgomery) |
| Brendan Nosal | Hovde Group, LLC |
| Damon DelMonte | Keefe, Bruyette, & Woods |