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How to buy Horizon Bancorp stock
Learn how to easily invest in Horizon Bancorp stock.
Horizon Bancorp is a banks-regional business based in the US. Horizon Bancorp shares (HBNC) are listed on the NASDAQ and all prices are listed in US Dollars. Horizon Bancorp employs 843 staff and has a trailing 12-month revenue of around $250.8 million.
How to buy shares in Horizon Bancorp
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – HBNC – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
Horizon Bancorp stock price (NASDAQ: HBNC)Use our graph to track the performance of HBNC stocks over time.
Horizon Bancorp shares at a glance
|Latest market close||$18.70|
|52-week range||$16.41 - $23.39|
|50-day moving average||$19.13|
|200-day moving average||$19.25|
|Wall St. target price||$24.10|
|Dividend yield||$0.61 (3.4%)|
|Earnings per share (TTM)||$2.12|
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy Horizon Bancorp stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Horizon Bancorp price performance over time
|1 week (2022-09-23)||-0.58%|
|1 month (2022-08-26)||-3.91%|
|3 months (2022-06-30)||7.35%|
|6 months (2022-03-29)||-5.94%|
|1 year (2021-09-30)||2.92%|
|2 years (2020-09-30)||85.33%|
|3 years (2019-09-30)||7.72%|
|5 years (2017-09-29)||29.17|
Is Horizon Bancorp stock undervalued or overvalued?
Valuing Horizon Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Horizon Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Horizon Bancorp's P/E ratio
Horizon Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Horizon Bancorp shares trade at around 9x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Horizon Bancorp financials
|Revenue TTM||$250.8 million|
|Operating margin TTM||42.43%|
|Gross profit TTM||$238.4 million|
|Return on assets TTM||1.35%|
|Return on equity TTM||13.58%|
|Market capitalisation||$818.3 million|
TTM: trailing 12 months
Horizon Bancorp share dividends
Dividend payout ratio: 28.7% of net profits
Recently Horizon Bancorp has paid out, on average, around 28.7% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.4% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Horizon Bancorp shareholders could enjoy a 3.4% return on their shares, in the form of dividend payments. In Horizon Bancorp's case, that would currently equate to about $0.61 per share.
While Horizon Bancorp's payout ratio might seem fairly standard, it's worth remembering that Horizon Bancorp may be investing much of the rest of its net profits in future growth.
Horizon Bancorp's most recent dividend payout was on 20 October 2022. The latest dividend was paid out to all shareholders who bought their shares by 6 July 2022 (the "ex-dividend date").
Have Horizon Bancorp's shares ever split?
Horizon Bancorp's shares were split on a 3:2 basis on 17 June 2018. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Horizon Bancorp shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Horizon Bancorp shares which in turn could have impacted Horizon Bancorp's share price.
Horizon Bancorp share price volatility
Over the last 12 months, Horizon Bancorp's shares have ranged in value from as little as $16.4113 up to $23.3925. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Horizon Bancorp's is 1.0487. This would suggest that Horizon Bancorp's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Horizon Bancorp 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.
Horizon Bancorp in the news
Best Momentum Stocks to Buy for September 26th
Horizon Bancorp (NASDAQ:HBNC) Is Paying Out A Larger Dividend Than Last Year
Best Momentum Stocks to Buy for September 22nd
Frequently asked questionsWhat percentage of Horizon Bancorp is owned by insiders or institutions?
Currently 10.815% of Horizon Bancorp shares are held by insiders and 57.165% by institutions. How many people work for Horizon Bancorp?
Latest data suggests 843 work at Horizon Bancorp. When does the fiscal year end for Horizon Bancorp?
Horizon Bancorp's fiscal year ends in December. Where is Horizon Bancorp based?
Horizon Bancorp's address is: 515 Franklin Street, Michigan City, IN, United States, 46360 What is Horizon Bancorp's ISIN number?
Horizon Bancorp's international securities identification number is: US4404071049 What is Horizon Bancorp's CUSIP number?
Horizon Bancorp's Committee on Uniform Securities Identification Procedures number is: 440407104
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