NASDAQ
HBNC

Horizon Bancorp

Banks-Regional
Financial Services

Prices are adjusted according to historical splits.

Horizon Bancorp Stock Price

Vitals

Today's Low:
$10.635
Today's High:
$11.04
Open Price:
$10.67
52W Low:
$7.5736
52W High:
$19.3042
Prev. Close:
$10.65
Volume:
162480

Company Statistics

Market Cap.:
$469.77 million
Book Value:
16.25
Revenue TTM:
$233.27 million
Operating Margin TTM:
41.18%
Gross Profit TTM:
$245.55 million
Profit Margin:
35.14%
Return on Assets TTM:
1.05%
Return on Equity TTM:
11.99%

Company Profile

Horizon Bancorp had its IPO on 2001-12-17 under the ticker symbol HBNC.

The company operates in the Financial Services sector and Banks-Regional industry. Horizon Bancorp has a staff strength of 852 employees.

Stock update

Shares of Horizon Bancorp opened at $10.67 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $10.64 - $11.04, and closed at $10.93.

This is a +2.63% increase from the previous day's closing price.

A total volume of 162,480 shares were traded at the close of the day’s session.

In the last one week, shares of Horizon Bancorp have slipped by -4.54%.

Horizon Bancorp's Key Ratios

Horizon Bancorp has a market cap of $469.77 million, indicating a price to book ratio of 1.0292 and a price to sales ratio of 2.5432.

In the last 12-months Horizon Bancorp’s revenue was $233.27 million with a gross profit of $245.55 million and an EBITDA of $0. The EBITDA ratio measures Horizon Bancorp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Horizon Bancorp’s operating margin was 41.18% while its return on assets stood at 1.05% with a return of equity of 11.99%.

In Q2, Horizon Bancorp’s quarterly earnings growth was a negative -24.6% while revenue growth was a negative 11.2%.

Horizon Bancorp’s PE and PEG Ratio

Forward PE
7.7459
Trailing PE
5.6649
PEG
0

Its diluted EPS in the last 12-months stands at $1.88 per share while it has a forward price to earnings multiple of 7.7459 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Horizon Bancorp’s profitability.

Horizon Bancorp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.5432.

Horizon Bancorp stock pays annual dividends of $0.64 per share, indicating a yield of 5.88% and a payout ratio of 34.04%.

Balance sheet and cash flow metrics

Total Assets
$7.96 billion
Total Liabilities
$12.74 million
Operating Cash Flow
$35.10 million
Capital Expenditure
$4.71 million
Dividend Payout Ratio
34.04%

Horizon Bancorp ended 2024 with $7.96 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $7.96 billion while shareholder equity stood at $709.24 million.

Horizon Bancorp ended 2024 with $0 in deferred long-term liabilities, $12.74 million in other current liabilities, in common stock, $452.21 million in retained earnings and $155.21 million in goodwill. Its cash balance stood at $231.44 million and cash and short-term investments were $1.13 billion. The company’s total short-term debt was $0 while long-term debt stood at $1.47 billion.

Horizon Bancorp’s total current assets stands at $1.17 billion while long-term investments were $2.89 billion and short-term investments were $905.81 million. Its net receivables were $37.54 million compared to accounts payable of $12.74 million and inventory worth $0.

In 2024, Horizon Bancorp's operating cash flow was $35.10 million while its capital expenditure stood at $4.71 million.

Comparatively, Horizon Bancorp paid $0.34 in dividends in 2024.

Other key metrics

Current Trading Price
$10.93
52-Week High
$19.3042
52-Week Low
$7.5736
Analyst Target Price
$13.7

Horizon Bancorp stock is currently trading at $10.93 per share. It touched a 52-week high of $19.3042 and a 52-week low of $19.3042. Analysts tracking the stock have a 12-month average target price of $13.7.

Its 50-day moving average was $11.39 and 200-day moving average was $12.1 The short ratio stood at 6.17 indicating a short percent outstanding of 0%.

Around 357.8% of the company’s stock are held by insiders while 6081.5% are held by institutions.

Frequently Asked Questions About Horizon Bancorp

The stock symbol (also called stock or share ticker) of Horizon Bancorp is HBNC

The IPO of Horizon Bancorp took place on 2001-12-17

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About

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 saving, money market, and time deposits, as well as non-interest and interest bearing demand 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; debit cards; treasury management; online and mobile banking; wealth, retirement, and estate and trust services; individual retirement accounts; and sells various insurance products. It operates through 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.

Address

515 Franklin Street, Michigan City, IN, United States, 46360