Horizon Bancorp (NASDAQ:HBNC – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Horizon Bancorp to post earnings of $0.37 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Horizon Bancorp (NASDAQ:HBNC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $97.47 million during the quarter, compared to the consensus estimate of $55.03 million. Horizon Bancorp had a net margin of 5.50% and a return on equity of 8.17%. During the same quarter last year, the company earned $0.41 earnings per share. 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 Price Performance
Shares of HBNC stock opened at $14.96 on Tuesday. Horizon Bancorp has a twelve month low of $9.22 and a twelve month high of $16.64. The company has a market capitalization of $659.98 million, a PE ratio of 27.70 and a beta of 1.04. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 2.02. The firm has a fifty day simple moving average of $15.37 and a 200-day simple moving average of $13.67.
Horizon Bancorp Dividend Announcement
Analyst Upgrades and Downgrades
HBNC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their price target on Horizon Bancorp from $14.00 to $16.00 and gave the company a “market perform” rating in a report on Monday, July 29th. StockNews.com upgraded Horizon Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Hovde Group initiated coverage on shares of Horizon Bancorp in a research note on Monday, September 30th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, Piper Sandler increased their price objective on shares of Horizon Bancorp from $13.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Horizon Bancorp currently has an average rating of “Hold” and an average target price of $16.00.
View Our Latest Report on HBNC
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.
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