Horizon Bancorp [In] (HBNC)
NASDAQ:HBNC
HBNC Stock Chart & Stats
$16.77
-$0.07(-0.45%)
At close: 4:00 PM EST
$16.77
-$0.07(-0.45%)
Day’s Range― - ―
52-Week Range$12.70 - $19.07
Previous CloseN/A
Volume30.33K
Average Volume (3M)348.71K
Market Cap
$859.06M
Enterprise Value$1.20B
Total Cash (Recent Filing)$70.70M
Total Debt (Recent Filing)$404.49M
Price to Earnings (P/E)―
Beta0.96
Next Earnings
Apr 29, 2026EPS Estimate
0.48Next Dividend Ex-DateN/A
Dividend Yield3.5%
Share Statistics
EPS (TTM)0.54
Shares Outstanding51,225,945
10 Day Avg. Volume570,181
30 Day Avg. Volume348,712
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.26
Price to Sales (P/S)8.38
P/FCF Ratio20.76
Enterprise Value/Market Cap1.39
Enterprise Value/Revenue11.60
Enterprise Value/Gross Profit-39.38
Enterprise Value/Ebitda-6.38
Forecast
1Y Price Target
$20.67Price Target Upside23.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.05
Revenue Forecast (FY)$307.66M
Bulls Say, Bears Say
Bulls Say
Net Interest Margin ExpansionSustained NIM expansion and explicit 2026 guidance indicate structural improvement in core spread generation. Higher NIMs, supported by loan repricing and low deposit beta, increase durable net interest income sensitivity and provide a multi-quarter tailwind to earnings power even if rates ease modestly.
Improved Funding & Asset MixA loan-heavy earning asset base and high deposit funding share reduce wholesale funding reliance and support stable margins. This structural funding mix enhances liquidity resilience, lowers funding volatility, and underpins predictable loan-yield capture over multiple quarters.
Capital Accretion And Shareholder ReturnsA maintained dividend alongside management commentary on capital accretion signals improving capital generation. Combined with stronger operating cash flow and reduced leverage, the payout reflects durable free cash conversion capacity and management confidence in sustaining shareholder distributions.
Bears Say
2025 Earnings DeteriorationA large accounting loss and deeply negative margins in 2025 materially weaken the earnings track record and strain capital generation. Such a structural earnings shock increases volatility in retained earnings, may constrain growth initiatives, and raises sensitivity to future credit or interest-rate shocks.
Rising Nonperforming LoansAn uptick in NPLs and the related increase in allowance requirements signal rising credit stress in the portfolio. Persistently higher NPLs can erode net interest income through higher provisions, compress capital accretion, and constrain loan growth and risk appetite over the medium term.
Board & Executive TurnoverNotable board departures and an eliminated C-suite role reduce institutional governance continuity and committee expertise (audit, cyber, wealth oversight). Such leadership and governance shifts can slow strategic execution, complicate oversight, and introduce execution risk over the next several months.
Horizon Bancorp News
HBNC FAQ
What was Horizon Bancorp [In]’s price range in the past 12 months?
Horizon Bancorp [In] lowest stock price was $12.70 and its highest was $19.07 in the past 12 months.
What is Horizon Bancorp [In]’s market cap?
Horizon Bancorp [In]’s market cap is $859.06M.
When is Horizon Bancorp [In]’s upcoming earnings report date?
Horizon Bancorp [In]’s upcoming earnings report date is Apr 29, 2026 which is in 27 days.
How were Horizon Bancorp [In]’s earnings last quarter?
Horizon Bancorp [In] released its earnings results on Jan 21, 2026. The company reported $0.535 earnings per share for the quarter, beating the consensus estimate of $0.502 by $0.033.
Is Horizon Bancorp [In] overvalued?
According to Wall Street analysts Horizon Bancorp [In]’s price is currently Undervalued.
Does Horizon Bancorp [In] pay dividends?
Horizon Bancorp [In] pays a Quarterly dividend of $0.16 which represents an annual dividend yield of 3.5%. See more information on Horizon Bancorp [In] dividends here
What is Horizon Bancorp [In]’s EPS estimate?
Horizon Bancorp [In]’s EPS estimate is 0.48.
How many shares outstanding does Horizon Bancorp [In] have?
Horizon Bancorp [In] has 51,225,945 shares outstanding.
What happened to Horizon Bancorp [In]’s price movement after its last earnings report?
Horizon Bancorp [In] reported an EPS of $0.535 in its last earnings report, beating expectations of $0.502. Following the earnings report the stock price went up 2.138%.
Which hedge fund is a major shareholder of Horizon Bancorp [In]?
Currently, no hedge funds are holding shares in HBNC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Horizon Bancorp Stock Smart Score
Underperform
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$20.67 (23.26% Upside)
$20.67 (23.26% Upside)
Blogger Sentiment
Bullish
HBNC Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 362.4K Shares
Last Quarter.
Last Quarter.
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
12.74%
12-Months-Change
Fundamentals
Return on Equity
-20.64%
Trailing 12-Months
Asset Growth
-17.49%
Trailing 12-Months
Company Description
Horizon Bancorp [In]
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers various deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products. It operates through a network of 78 full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
HBNC Company Deck
HBNC Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call highlights strong profitability and margin momentum driven by successful balance sheet repositioning, solid commercial loan growth, improving capital metrics, and growing fee income. Credit performance remains generally healthy with low annualized charge-off rates, although there is a modest uptick in non-performing loans and an increased allowance driven by economic assumptions. Management provided constructive 2026 guidance and emphasized a disciplined, relationship-focused strategy. Overall, the positives (meaningful NIM expansion, strong returns, loan growth, fee income gains, and capital accretion) materially outweigh the modest credit and deposit headwinds.View all HBNC earnings summariesHBNC Stock 12 Month Forecast
Average Price Target
$20.67
▲(23.26% Upside)
Technical Analysis
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Ownership Overview
1.12% Insiders
16.63% Mutual Funds
25.14% Other Institutional Investors
43.70% Public Companies and
Individual Investors