Horizon Bancorp (HBNC) to Release Earnings on Wednesday

Horizon Bancorp (NASDAQ:HBNC) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, April 23rd. Analysts expect Horizon Bancorp to post earnings of $0.40 per share and revenue of $64.52 million for the quarter.

Horizon Bancorp (NASDAQ:HBNC) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). Horizon Bancorp had a net margin of 9.86% and a return on equity of 8.48%. On average, analysts expect Horizon Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Horizon Bancorp Price Performance

HBNC stock opened at $13.49 on Tuesday. Horizon Bancorp has a 52-week low of $11.36 and a 52-week high of $19.18. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.83. The stock has a market cap of $593.76 million, a price-to-earnings ratio of 16.86 and a beta of 0.87. The business has a fifty day moving average of $15.26 and a two-hundred day moving average of $16.21.

Horizon Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were issued a $0.16 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.64 annualized dividend and a yield of 4.74%. Horizon Bancorp’s dividend payout ratio (DPR) is currently 80.00%.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price objective on shares of Horizon Bancorp from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

Horizon Bancorp Company Profile

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.