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NASDAQ: HBNC
Horizon Bancorp Inc Stock

$15.07+0.18 (+1.21%)
Updated Jul 17, 2024
HBNC Price
$15.07
Fair Value Price
N/A
Market Cap
$664.83M
52 Week Low
$9.22
52 Week High
$15.22
P/E
27.91x
P/B
0.92x
P/S
3.09x
PEG
0.24x
Dividend Yield
4.25%
Revenue
$183.08M
Earnings
$23.74M
Gross Margin
100%
Operating Margin
18.69%
Profit Margin
13%
Debt to Equity
9.89
Operating Cash Flow
$70M
Beta
1.15
Next Earnings
Jul 24, 2024
Ex-Dividend
Jul 5, 2024
Next Dividend
Jul 19, 2024

HBNC Overview

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.

Zen Score

Industry Average (30)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how HBNC scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

HBNC ($15.07) is trading below its intrinsic value of $24.72, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
HBNC is good value based on its earnings relative to its share price (27.91x), compared to the US market average (30.24x)
P/E vs Market Valuation
HBNC is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 35 more HBNC due diligence checks available for Premium users.

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HBNC News

Valuation

HBNC fair value

Fair Value of HBNC stock based on Discounted Cash Flow (DCF)
Price
$15.07
Fair Value
$17.44
Undervalued by
13.57%
HBNC ($15.07) is trading below... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

HBNC price to earnings (PE)

For valuing profitable companies with steady earnings
Company
27.91x
Industry
13.89x
Market
30.24x
HBNC is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
HBNC is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

HBNC price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
0.92x
Industry
1.13x
HBNC is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

HBNC price to earnings growth (PEG)

For valuing profitable companies with growth potential
HBNC is good value based... subscribe to Premium to read more.
PEG Value Valuation

HBNC's financial health

Profit margin

Revenue
$52.4M
Net Income
$14.0M
Profit Margin
26.7%
HBNC's Earnings (EBIT) of $34.21M... subscribe to Premium to read more.
Interest Coverage Financials
HBNC's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$7.9B
Liabilities
$7.1B
Debt to equity
9.89
HBNC's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
HBNC's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$6.5M
Investing
-$175.2M
Financing
-$86.7M
HBNC's operating cash flow ($70.17M)... subscribe to Premium to read more.
Debt Coverage Financials

HBNC vs Bank Stocks

TickerMarket Cap1d %P/EP/B
HBNC$664.83M+1.21%27.91x0.92x
IBCP$666.37M+2.08%10.73x1.60x
CPF$656.05M+1.13%11.78x1.29x
EGBN$692.55M+1.55%9.10x0.55x
MCB$632.18M+1.84%9.18x0.94x

Horizon Bancorp Stock FAQ

What is Horizon Bancorp's quote symbol?

(NASDAQ: HBNC) Horizon Bancorp trades on the NASDAQ under the ticker symbol HBNC. Horizon Bancorp stock quotes can also be displayed as NASDAQ: HBNC.

If you're new to stock investing, here's how to buy Horizon Bancorp stock.

What is the 52 week high and low for Horizon Bancorp (NASDAQ: HBNC)?

(NASDAQ: HBNC) Horizon Bancorp's 52-week high was $15.22, and its 52-week low was $9.22. It is currently -0.99% from its 52-week high and 63.45% from its 52-week low.

How much is Horizon Bancorp stock worth today?

(NASDAQ: HBNC) Horizon Bancorp currently has 44,115,840 outstanding shares. With Horizon Bancorp stock trading at $15.07 per share, the total value of Horizon Bancorp stock (market capitalization) is $664.83M.

Horizon Bancorp stock was originally listed at a price of $2.99 in Jan 9, 2002. If you had invested in Horizon Bancorp stock at $2.99, your return over the last 22 years would have been 404.18%, for an annualized return of 7.63% (not including any dividends or dividend reinvestments).

How much is Horizon Bancorp's stock price per share?

(NASDAQ: HBNC) Horizon Bancorp stock price per share is $15.07 today (as of Jul 17, 2024).

What is Horizon Bancorp's Market Cap?

(NASDAQ: HBNC) Horizon Bancorp's market cap is $664.83M, as of Jul 18, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Horizon Bancorp's market cap is calculated by multiplying HBNC's current stock price of $15.07 by HBNC's total outstanding shares of 44,115,840.
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