Horizon Bancorp (IN) (NASDAQ:HBNC) Stock Has Consensus Price Target of $22.33 According to Brokerages

27 Sep 2026, 03:58 by Teresa Graham · The Cerbat Gem

Shares of Horizon Bancorp (IN) (NASDAQ:HBNC – Get Free Report) have received an average rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $22.33.

HBNC has been the subject of a number of recent research reports. Wall Street Zen upgraded Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a research note on Sunday, August 16th. Stephens reissued an “overweight” rating and set a $21.00 price target on shares of Horizon Bancorp (IN) in a research report on Wednesday, July 1st. Weiss Ratings cut Horizon Bancorp (IN) from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 17th. Piper Sandler reaffirmed a “neutral” rating and issued a $23.00 price objective (up from $21.00) on shares of Horizon Bancorp (IN) in a research report on Friday, July 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Horizon Bancorp (IN) from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, July 24th.

Get Our Latest Report on HBNC

Horizon Bancorp (IN) Stock Up 0.3%

Shares of Horizon Bancorp (IN) stock opened at $19.28 on Friday. The company has a fifty day moving average price of $19.94 and a 200 day moving average price of $18.79. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. Horizon Bancorp has a twelve month low of $14.97 and a twelve month high of $21.04. The stock has a market cap of $990.03 million, a price-to-earnings ratio of -6.10 and a beta of 0.81.

Horizon Bancorp (IN) (NASDAQ:HBNC – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). The company had revenue of $75.50 million during the quarter, compared to analysts’ expectations of $76.56 million. Horizon Bancorp (IN) had a negative net margin of 36.38% and a positive return on equity of 13.31%. Equities research analysts forecast that Horizon Bancorp will post 2.08 earnings per share for the current fiscal year.

Horizon Bancorp (IN) Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, October 2nd. Horizon Bancorp (IN)’s dividend payout ratio (DPR) is presently -20.25%.

Insider Transactions at Horizon Bancorp (IN)

In related news, EVP Kathie DeRuiter sold 8,000 shares of Horizon Bancorp (IN) stock in a transaction on Monday, July 27th. The shares were sold at an average price of $20.19, for a total transaction of $161,520.00. Following the sale, the executive vice president owned 50,346 shares of the company’s stock, valued at $1,016,485.74. The trade was a 13.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.19% of the stock is owned by company insiders.

Institutional Trading of Horizon Bancorp (IN)

Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Horizon Bancorp (IN) in the second quarter worth about $143,890,000. PL Capital Advisors LLC grew its stake in Horizon Bancorp (IN) by 7.2% during the 4th quarter. PL Capital Advisors LLC now owns 1,812,825 shares of the financial services provider’s stock valued at $30,746,000 after purchasing an additional 121,651 shares in the last quarter. Jennison Associates LLC grew its stake in Horizon Bancorp (IN) by 29.3% during the 1st quarter. Jennison Associates LLC now owns 1,605,798 shares of the financial services provider’s stock valued at $26,608,000 after purchasing an additional 363,433 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Horizon Bancorp (IN) during the 2nd quarter worth approximately $21,797,000. Finally, FJ Capital Management LLC increased its holdings in Horizon Bancorp (IN) by 309.5% during the 4th quarter. FJ Capital Management LLC now owns 1,083,840 shares of the financial services provider’s stock worth $18,382,000 after purchasing an additional 819,189 shares during the last quarter. 64.51% of the stock is currently owned by institutional investors and hedge funds.

Horizon Bancorp (IN) Company Profile

(Get Free Report)

Horizon Bancorp, Inc is a bank holding company headquartered in Michigan City, Indiana. Through its principal subsidiary, Horizon Bank, the company provides a range of banking and financial services to individuals, families, businesses and municipal customers.

Horizon Bank offers deposit accounts, consumer and commercial lending, residential mortgage loans, credit and debit cards, online and mobile banking, cash-management services and other treasury-management solutions. Its business banking activities include commercial real estate financing, commercial and industrial loans, small-business services and agricultural lending in selected markets.