OTCPK:HRRB

Stock Analysis Report

Horizon Bancorp (Lake Havasu City AZ)

Executive Summary

Horizon Bancorp, Inc. (Lake Havasu City, AZ) operates as the bank holding company for Horizon Community Bank that provides various banking services to commercial and consumer customers.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Share Price & News

How has Horizon Bancorp (Lake Havasu City AZ)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.8%

HRRB

1.7%

US Banks

1.3%

US Market


1 Year Return

n/a

HRRB

0.3%

US Banks

5.9%

US Market

Return vs Industry: Insufficient data to determine how HRRB performed against the US Banks industry.

Return vs Market: Insufficient data to determine how HRRB performed against the US Market.


Shareholder returns

HRRBIndustryMarket
7 Day-1.8%1.7%1.3%
30 Day0%-2.4%-1.9%
90 Day-10.0%1.0%-1.8%
1 Yearn/a3.2%0.3%8.3%5.9%
3 Yearn/a52.1%41.7%45.6%36.2%
5 Yearn/a69.8%51.4%66.1%47.9%

Price Volatility Vs. Market

How volatile is Horizon Bancorp (Lake Havasu City AZ)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Horizon Bancorp (Lake Havasu City AZ) undervalued compared to its fair value and its price relative to the market?

24.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: HRRB ($8.1) is trading below our estimate of fair value ($10.71)

Significantly Undervalued: HRRB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HRRB is good value based on its PE Ratio (11.2x) compared to the Banks industry average (12.5x).

PE vs Market: HRRB is good value based on its PE Ratio (11.2x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate HRRB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HRRB is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Horizon Bancorp (Lake Havasu City AZ) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HRRB's forecast earnings growth (4.7% per year) is above the savings rate (2.7%).

Earnings vs Market: HRRB's earnings (4.7% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: HRRB's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if HRRB's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if HRRB's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if HRRB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Horizon Bancorp (Lake Havasu City AZ) performed over the past 5 years?

19.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HRRB's earnings have grown by 19.3% per year over the past 5 years.

Accelerating Growth: HRRB's earnings growth over the past year (2.6%) is below its 5-year average (19.3% per year).

Earnings vs Industry: HRRB earnings growth over the past year (2.6%) underperformed the Banks industry 31.8%.


Return on Equity

High ROE: HRRB's Return on Equity (11.4%) is considered low.


Return on Assets

ROA vs Industry: HRRB's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate HRRB's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Horizon Bancorp (Lake Havasu City AZ)'s financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: HRRB has a low level of unsold assets or inventory.

Debt Coverage by Assets: HRRB's debt is covered by short term assets (assets are 3.511340x debt).


Financial Institutions Analysis

Asset Level: HRRB's level of assets compared to its equity is moderate.

Allowance for Bad Loans: HRRB has a sufficient allowance for bad loans.

Low Risk Liabilities: HRRB's liabilities are made up of primarily low risk sources of funding.

Loan Level: HRRB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: HRRB's loans are broadly funded by customer deposits.

Level of Bad Loans: HRRB has an appropriate level of bad loans (0.24%)


Next Steps

Dividend

What is Horizon Bancorp (Lake Havasu City AZ)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate HRRB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate HRRB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if HRRB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HRRB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HRRB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Horizon Bancorp (Lake Havasu City AZ)'s salary, the management and board of directors tenure and is there insider trading?


CEO

Jerry Ernst (65yo)

0yrs

Tenure

0

Mr. Gerald B. Ernst, also known as Jerry, serves as the Chief Executive Officer and President of Horizon Bancorp, Inc. He serves as Chief Executive Officer and Director of Horizon Community Bank. He was Pr ...


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Management Team

  • Jerry Ernst (65yo)

    President

    • Tenure: 0yrs
  • Gary Clausen

    Secretary & Director

    • Tenure: 0yrs
  • Ross Johnson

    Executive VP & CFO

    • Tenure: 0yrs

Board Members

  • Jerry Ernst (65yo)

    President

    • Tenure: 0yrs
  • Jo Navaretta

    Non-Executive Chairman of the Board

    • Tenure: 0yrs
  • Hitendra Chauhan

    Non-Executive Vice Chairman of the Board

    • Tenure: 0yrs
  • Gary Clausen

    Secretary & Director

    • Tenure: 0yrs
  • Jerry Johnson

    Director

    • Tenure: 0yrs
  • Mark Durham

    Director

    • Tenure: 8.8yrs

Company Information

Horizon Bancorp, Inc. (Lake Havasu City, AZ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Horizon Bancorp, Inc. (Lake Havasu City, AZ)
  • Ticker: HRRB
  • Exchange: OTCPK
  • Founded:
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$33.414m
  • Shares outstanding: 4.13m
  • Website: https://www.horizoncommunitybank.com

Location

  • Horizon Bancorp, Inc. (Lake Havasu City, AZ)
  • 225 North Lake Havasu Avenue
  • Lake Havasu City
  • Arizona
  • 86403
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HRRBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJul 2017

Biography

Horizon Bancorp, Inc. (Lake Havasu City, AZ) operates as the bank holding company for Horizon Community Bank that provides various banking services to commercial and consumer customers. It offers checking, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 00:22
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.