Horizon Bancorp (HBNC) Set to Announce Earnings on Wednesday

Horizon Bancorp (NASDAQ:HBNC) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Horizon Bancorp to post earnings of $0.30 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Horizon Bancorp (NASDAQ:HBNC) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. Horizon Bancorp had a return on equity of 9.42% and a net margin of 8.63%. The firm had revenue of $21.81 million for the quarter, compared to analyst estimates of $51.50 million. On average, analysts expect Horizon Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Horizon Bancorp Trading Up 1.9 %

NASDAQ:HBNC opened at $12.06 on Tuesday. Horizon Bancorp has a 1 year low of $7.69 and a 1 year high of $14.71. The stock has a market cap of $531.98 million, a price-to-earnings ratio of 18.84 and a beta of 1.02. The business has a fifty day moving average of $12.11 and a 200-day moving average of $12.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.70 and a current ratio of 0.70.

Horizon Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.16 dividend. The ex-dividend date was Thursday, April 4th. This represents a $0.64 annualized dividend and a dividend yield of 5.31%. Horizon Bancorp’s payout ratio is 100.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Horizon Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.00.

About Horizon Bancorp

Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits.