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NASDAQ: HBNC
Horizon Bancorp Inc Stock

$10.87+0.56 (+5.43%)
Updated Mar 24, 2023
HBNC Price
$10.87
Fair Value Price
$13.77
Market Cap
$473.69M
52 Week Low
$10.15
52 Week High
$20.64
P/E
5.08x
P/B
0.7x
P/S
2.66x
PEG
0.4x
Dividend Yield
5.8%
Revenue
$248.79M
Earnings
$93.41M
Gross Margin
100%
Operating Margin
42.44%
Profit Margin
37.5%
Debt to Equity
10.62
Operating Cash Flow
$94M
Beta
1.07
Next Earnings
Apr 25, 2023
Ex-Dividend
N/A
Next Dividend
N/A

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 (39)
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 ($10.87) is undervalued by 21.05% relative to our estimate of its Fair Value price of $13.77 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
HBNC ($10.87) is significantly undervalued by 21.05% relative to our estimate of its Fair Value price of $13.77 based on Discounted Cash Flow (DCF) modelling, which includes a healthy margin of safety
Significantly Below Fair Value Valuation
HBNC ($10.87) is trading below... subscribe to Premium to read more.
Below Benjamin Graham Formula Value 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
$10.87
Fair Value
$13.77
Undervalued by
21.05%
HBNC ($10.87) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
HBNC ($10.87) is significantly undervalued... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
HBNC ($10.87) 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
5.08x
Industry
21.11x
Market
21.37x
HBNC is good 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
0.7x
Industry
0.96x
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
$55.7M
Net Income
$21.2M
Profit Margin
38%
HBNC's Earnings (EBIT) of $105.58M... subscribe to Premium to read more.
Interest Coverage Financials
HBNC's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$7.9B
Liabilities
$7.2B
Debt to equity
10.62
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
$16.7M
Investing
-$117.6M
Financing
$114.7M
HBNC's operating cash flow ($94.38M)... subscribe to Premium to read more.
Debt Coverage Financials

HBNC vs Bank Stocks

TickerMarket Cap1d %P/EP/B
HBNC$473.69M+5.43%5.08x0.70x
MSBI$481.23M+2.75%5.11x0.63x
CCB$482.62M+1.44%11.63x1.98x
FMNB$483.79M+2.00%7.12x1.66x
THFF$463.21M+3.81%6.60x0.97x

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 $20.64, and its 52-week low was $10.15. It is currently -47.34% from its 52-week high and 7.09% from its 52-week low.

How much is Horizon Bancorp stock worth today?

(NASDAQ: HBNC) Horizon Bancorp currently has 43,577,689 outstanding shares. With Horizon Bancorp stock trading at $10.87 per share, the total value of Horizon Bancorp stock (market capitalization) is $473.69M.

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 21 years would have been 263.67%, for an annualized return of 6.34% (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 $10.87 today (as of Mar 24, 2023).

What is Horizon Bancorp's Market Cap?

(NASDAQ: HBNC) Horizon Bancorp's market cap is $473.69M, as of Mar 26, 2023.

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 $10.87 by HBNC's total outstanding shares of 43,577,689.
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