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Horizon Bancorp, Inc 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 839 staff and has a trailing 12-month revenue of around USD$207.2 million.
|Latest market close||USD$16.62|
|52-week range||USD$7.1532 - USD$18.3401|
|50-day moving average||USD$14.9773|
|200-day moving average||USD$11.7502|
|Wall St. target price||USD$16.4|
|Dividend yield||USD$0.48 (3.09%)|
|Earnings per share (TTM)||USD$1.47|
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.
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.
|1 week (2021-01-07)||-0.66%|
|1 month (2020-12-15)||6.20%|
|3 months (2020-10-15)||43.03%|
|6 months (2020-07-15)||64.64%|
|1 year (2020-01-15)||-9.48%|
|2 years (2019-01-15)||1.28%|
|3 years (2018-01-13)||N/A|
|5 years (2016-01-15)||26.23|
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 current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Horizon Bancorp shares trade at around 11x 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.
|Revenue TTM||USD$207.2 million|
|Operating margin TTM||37.08%|
|Gross profit TTM||USD$201.5 million|
|Return on assets TTM||1.19%|
|Return on equity TTM||9.92%|
|Market capitalisation||USD$682.3 million|
TTM: trailing 12 months
There are currently 681,429 Horizon Bancorp shares held short by investors – that's known as Horizon Bancorp's "short interest". This figure is 21.1% down from 863,903 last month.
There are a few different ways that this level of interest in shorting Horizon Bancorp shares can be evaluated.
Horizon Bancorp's "short interest ratio" (SIR) is the quantity of Horizon Bancorp shares currently shorted divided by the average quantity of Horizon Bancorp shares traded daily (recently around 101403.125). Horizon Bancorp's SIR currently stands at 6.72. In other words for every 100,000 Horizon Bancorp shares traded daily on the market, roughly 6720 shares are currently held short.
However Horizon Bancorp's short interest can also be evaluated against the total number of Horizon Bancorp shares, or, against the total number of tradable Horizon Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Horizon Bancorp's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Horizon Bancorp shares in existence, roughly 20 shares are currently held short) or 0.0161% of the tradable shares (for every 100,000 tradable Horizon Bancorp shares, roughly 16 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Horizon Bancorp.
Find out more about how you can short Horizon Bancorp stock.
Dividend payout ratio: 32.88% of net profits
Recently Horizon Bancorp has paid out, on average, around 32.88% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.09% 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 3.09% return on their shares, in the form of dividend payments. In Horizon Bancorp's case, that would currently equate to about $0.48 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 16 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 1 July 2020 (the "ex-dividend date").
Horizon Bancorp's shares were split on a 3:2 basis on 18 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.
Over the last 12 months, Horizon Bancorp's shares have ranged in value from as little as $7.1532 up to $18.3401. 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 1.2703. This would suggest that Horizon Bancorp's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
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 demand and time 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 63 full service offices and 1 loan production office in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
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