Horizon Bancorp Announces Public Offering of Shares

Horizon Bancorp ( (HBNC) ) has issued an announcement.

On August 21, 2025, Horizon Bancorp, Inc. announced the pricing of its public offering of 6,207,000 shares of common stock at $14.50 per share, aiming to raise approximately $90 million before expenses. The company plans to use the proceeds for general corporate purposes, including potential balance sheet repositioning. This strategic move is expected to strengthen Horizon’s financial position and support its growth initiatives, potentially impacting its market presence and stakeholder interests.

The most recent analyst rating on (HBNC) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Horizon Bancorp stock, see the HBNC Stock Forecast page.

Spark’s Take on HBNC Stock

According to Spark, TipRanks’ AI Analyst, HBNC is a Outperform.

Horizon Bancorp’s strong financial performance and positive earnings call sentiment are the primary drivers of its stock score. Technical indicators support a bullish outlook, while valuation metrics provide a balanced perspective. The company’s ability to manage expenses and grow earnings per share further enhances its investment appeal.

To see Spark’s full report on HBNC stock, click here.

More about Horizon Bancorp

Horizon Bancorp, Inc. is a commercial bank holding company with assets totaling $7.7 billion, serving customers in the Midwestern United States through digital tools and branches in Indiana and Michigan. The company offers a range of retail banking services, including residential and consumer lending, personal banking, and wealth management solutions. Horizon also provides business banking, treasury management, and equipment financing services, with commercial lending comprising over half of its total loans.

Average Trading Volume: 179,351

Technical Sentiment Signal: Strong Buy

Current Market Cap: $707.3M

For an in-depth examination of HBNC stock, go to TipRanks’ Overview page.