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Horizon Bancorp [In] (HBNC)
NASDAQ:HBNC
HBNC Stock Chart & Stats
$16.29
-$0.07(-0.45%)
At close: 4:00 PM EST
$16.29
-$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
$834.33M
Enterprise Value$1.17B
Total Cash (Recent Filing)$70.70M
Total Debt (Recent Filing)$404.49M
Price to Earnings (P/E)―
Beta0.99
Next Earnings
Apr 29, 2026EPS Estimate
0.48Next Dividend Ex-DateN/A
Dividend Yield3.5%
Share Statistics
EPS (TTM)0.54
Shares Outstanding51,217,434
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 Cap1.40
Enterprise Value/Revenue11.36
Enterprise Value/Gross Profit-38.56
Enterprise Value/Ebitda-6.25
Forecast
1Y Price Target
$21.00Price Target Upside28.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.05
Revenue Forecast (FY)$307.66M
Bulls Say, Bears Say
Bulls Say
Net Interest Margin ExpansionSustained NIM expansion reflects durable benefits from balance sheet repositioning: higher-yielding new loan coupons (>6.5%), realized deposit beta ~40% and sizable securities cash flows. Higher, stable NIMs materially support long-run net interest income and return on equity if maintained.
Stronger Leverage And Funding MixMaterial deleveraging improves financial flexibility and reduces fixed funding risk, enabling the bank to better absorb shocks and support capital accretion. Combined with a shift to loans and retail deposits, the balance sheet is structurally safer and supports sustained lending capacity.
Resilient Cash Generation And Fee GrowthCash-generation resilience provides durable support for operations and dividends despite accounting volatility. Complementary fee-income growth (wealth +19%, mortgage +14%) diversifies revenue, reducing sensitivity to interest-rate swings and supporting stable core earnings over several quarters.
Bears Say
Severe 2025 Earnings DeteriorationA large, recent swing to a sizable loss and deeply negative margins raises durable concerns about earnings quality and operating leverage. Such a step-down can impair capital generation, limit strategic optionality, and requires sustained improvement to restore multi-year ROE trends.
Rising Non-performing LoansAn uptick in NPLs to 72 bps and a larger allowance indicate rising credit stress in pockets of the portfolio. Persistent deterioration or further migration through risk buckets would pressure provisioning, compress core earnings and could constrain loan growth and capital accretion over multiple quarters.
Planned Deposit Runoff And Funding CostIntentional runoff of high-cost transactional deposits reduces funding but creates near-term liquidity and margin pressure given >4% cost. Managing the trade-off between lowering deposit costs and maintaining stable funding is a multi-quarter task that can limit loan growth or compress NIM until rebalanced.
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 $834.33M.
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 50 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 51,217,434 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
Neutral
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$21.00 (28.91% Upside)
$21.00 (28.91% 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
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
12.74%
12-Months-Change
Fundamentals
Return on Equity
-26.60%
Trailing 12-Months
Asset Growth
-15.33%
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
$21.00
▲(28.91% Upside)
Technical Analysis
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Ownership Overview
1.05% Insiders
16.70% Mutual Funds
25.13% Other Institutional Investors
43.88% Public Companies and
Individual Investors