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

HBNC POWR Grades

• HBNC scores best on the Sentiment dimension, with a Sentiment rank ahead of 92.81% of US stocks.
• The strongest trend for HBNC is in Momentum, which has been heading up over the past 179 days.
• HBNC ranks lowest in Quality; there it ranks in the 41st percentile.

HBNC Stock Summary

• For HBNC, its debt to operating expenses ratio is greater than that reported by 83.56% of US equities we're observing.
• Equity multiplier, or assets relative to shareholders' equity, comes in at 9.56 for Horizon Bancorp Inc; that's greater than it is for 90.64% of US stocks.
• Horizon Bancorp Inc's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -20.33%, greater than the shareholder yield of only 18.07% of stocks in our set.
• If you're looking for stocks that are quantitatively similar to Horizon Bancorp Inc, a group of peers worth examining would be MBIN, IBOC, GCBC, IFS, and PNBK.
• Visit HBNC's SEC page to see the company's official filings. To visit the company's web site, go to www.horizonbank.com.

HBNC Valuation Summary

• In comparison to the median Financial Services stock, HBNC's price/sales ratio is 183.33% higher, now standing at 3.4.
• HBNC's EV/EBIT ratio has moved down 8 over the prior 239 months.
• Over the past 239 months, HBNC's price/sales ratio has gone up 1.7.

Below are key valuation metrics over time for HBNC.

HBNC Growth Metrics

Its year over year net cashflow from operations growth rate is now at -8.3%.
• The 3 year price growth rate now stands at 55.22%.
• The 4 year price growth rate now stands at -14.29%.

HBNC's revenue has moved up $74,184,000 over the prior 34 months.

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
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
2021-03-31	221.466	83.959	77.266
2020-12-31	209.81	78.765	68.499
2020-09-30	202.61	72.658	65.149

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.