Horizon Bancorp, Inc. (HBNC): Price and Financial Metrics

Horizon Bancorp, Inc. (HBNC): $12.10

0.04 (+0.33%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

D

HBNC Price/Volume Stats

Current price $12.10 52-week high $15.54
Prev. close $12.06 52-week low $7.69
Day low $11.86 Volume 184,300
Day high $12.25 Avg. volume 163,162
50-day MA $13.34 Dividend yield 5.31%
200-day MA $11.31 Market Cap 533.78M

HBNC Stock Price Chart Interactive Chart >

HBNC POWR Grades

  • HBNC scores best on the Stability dimension, with a Stability rank ahead of 68.43% of US stocks.
  • HBNC's strongest trending metric is Growth; it's been moving down over the last 26 weeks.
  • HBNC's current lowest rank is in the Quality metric (where it is better than 11.82% of US stocks).

HBNC Stock Summary

  • For HBNC, its debt to operating expenses ratio is greater than that reported by 92.3% of US equities we're observing.
  • HBNC's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 92.43% of US stocks.
  • HORIZON BANCORP INC's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -45.06%, greater than the shareholder yield of just 8.74% of stocks in our set.
  • Stocks that are quantitatively similar to HBNC, based on their financial statements, market capitalization, and price volatility, are RMBI, BANC, WAFD, FLIC, and MCBS.
  • HBNC's SEC filings can be seen here. And to visit HORIZON BANCORP INC's official web site, go to www.horizonbank.com.

HBNC Valuation Summary

  • In comparison to the median Financial Services stock, HBNC's price/sales ratio is 133.33% higher, now standing at 2.8.
  • Over the past 243 months, HBNC's price/sales ratio has gone up 0.4.

Below are key valuation metrics over time for HBNC.

Stock Date P/S P/B P/E EV/EBIT
HBNC 2023-12-22 2.8 0.9 8.4 23.5
HBNC 2023-12-21 2.8 0.9 8.3 23.5
HBNC 2023-12-20 2.8 0.9 8.2 23.4
HBNC 2023-12-19 2.8 0.9 8.3 23.4
HBNC 2023-12-18 2.7 0.9 8.1 23.2
HBNC 2023-12-15 2.8 0.9 8.2 23.3

HBNC Growth Metrics

    The 2 year net cashflow from operations growth rate now stands at 8.16%.
  • Its year over year net cashflow from operations growth rate is now at 17.95%.
  • Its year over year cash and equivalents growth rate is now at -76.74%.
Over the past 33 months, HBNC's revenue has gone up $56,100,000.

The table below shows HBNC's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-09-30 257.973 94.193 93.668
2022-06-30 255.265 95.951 92.918
2022-03-31 249.394 99.032 90.232
2021-12-31 241.726 105.348 87.091
2021-09-30 237.164 104.753 87.559
2021-06-30 233.733 98.715 84.8

HBNC's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • HBNC has a Quality Grade of C, ranking ahead of 39.9% of graded US stocks.
  • HBNC's asset turnover comes in at 0.039 -- ranking 190th of 430 Banking stocks.
  • FFNW, CWBC, and TCFC are the stocks whose asset turnover ratios are most correlated with HBNC.

The table below shows HBNC's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-06-30 0.039 1 0.016
2021-03-31 0.038 1 0.015
2020-12-31 0.037 1 0.013
2020-09-30 0.037 1 0.013
2020-06-30 0.037 1 0.013
2020-03-31 0.039 1 0.014

HBNC Price Target

For more insight on analysts targets of HBNC, see our HBNC price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $21.40 Average Broker Recommendation 1.3 (Strong Buy)

Horizon Bancorp, Inc. (HBNC) Company Bio


Horizon Bancorp provides commercial and retail banking services in Northwestern and Central Indiana, and Southwestern and Central Michigan. The company was founded in 1873 and is based in Michigan, Indiana.


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Latest HBNC News From Around the Web

Below are the latest news stories about HORIZON BANCORP INC that investors may wish to consider to help them evaluate HBNC as an investment opportunity.

Horizon Bancorp, Inc. Announces Earnings Conference Call to Review Fourth Quarter and Full Year 2023 Results on January 25

MICHIGAN CITY, Ind., Dec. 18, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, January 25, 2024 to review its fourth quarter and full year 2023 financial results. The Company’s fourth quarter and full year 2023 news release will be released after markets close on Wednesday, January 24, 2024. It will be available in the “Investor Relations” section of the Company’s website, www.horizonbank.com.

Yahoo | December 18, 2023

Horizon in Indiana takes $33M hit in balance sheet restructuring

The Michigan City company, part of a growing list of banks announcing similar overhauls, aims to sell nearly $400 million of securities and reinvest the proceeds in higher-yielding loans.

Yahoo | December 14, 2023

Horizon Bancorp (HBNC) Surges 15.1%: Is This an Indication of Further Gains?

Horizon Bancorp (HBNC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Yahoo | December 14, 2023

Horizon Bancorp, Inc. Announces Balance Sheet Repositioning

MICHIGAN CITY, Ind., Dec. 12, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced the execution of a balance sheet repositioning related to its investment securities portfolio and bank owned life insurance policies. The Company sold $382.7 million in available-for-sale (“AFS”) securities, composed of treasury, agency, corporate, and municipal securities with a weighted average book yield of 2.

Yahoo | December 12, 2023

Horizon Bancorp, Inc. Announces Key Leadership Changes

MICHIGAN CITY, Ind., Nov. 07, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) 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

Yahoo | November 7, 2023

Read More 'HBNC' Stories Here

HBNC Price Returns

1-mo -12.00%
3-mo 12.60%
6-mo 10.23%
1-year -16.28%
3-year -23.34%
5-year -16.84%
YTD -14.47%
2023 0.43%
2022 -25.26%
2021 35.43%
2020 -12.86%
2019 23.69%

HBNC Dividends

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