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How to buy Horizon Bancorp stock

Own Horizon Bancorp stock in just a few minutes.

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 761 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in Horizon Bancorp

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. 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.
  5. 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.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Horizon Bancorp share price

Use our graph to track the performance of HBNC stocks over time.

Horizon Bancorp shares at a glance

Information last updated 2021-04-30.
52-week range$7.64 - $20.03
50-day moving average $18.74
200-day moving average $16.34
Wall St. target price$20.60
PE ratio 10.4678
Dividend yield $0.36 (1.95%)
Earnings per share (TTM) $1.75

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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.

Is Horizon Bancorp under- or over-valued?

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 10x. In other words, Horizon Bancorp shares trade at around 10x 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 $225.7 million
Operating margin TTM 42.41%
Gross profit TTM $214 million
Return on assets TTM 1.36%
Return on equity TTM 11.71%
Profit margin 34.24%
Book value $15.53
Market capitalisation $805.9 million

TTM: trailing 12 months

Shorting Horizon Bancorp shares

There are currently 515,279 Horizon Bancorp shares held short by investors – that's known as Horizon Bancorp's "short interest". This figure is 14.4% down from 602,131 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)

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 145971.38810198). Horizon Bancorp's SIR currently stands at 3.53. In other words for every 100,000 Horizon Bancorp shares traded daily on the market, roughly 3530 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 0.01% of the outstanding shares (for every 100,000 Horizon Bancorp shares in existence, roughly 10 shares are currently held short) or 0.0121% of the tradable shares (for every 100,000 tradable Horizon Bancorp shares, roughly 12 shares are currently held short).

Such a low SIR usually points to an 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.

Horizon Bancorp share dividends

24%

Dividend payout ratio: 24.38% of net profits

Recently Horizon Bancorp has paid out, on average, around 24.38% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.83% 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 2.83% return on their shares, in the form of dividend payments. In Horizon Bancorp's case, that would currently equate to about $0.36 per share.

While Horizon Bancorp's payout ratio might seem low, this can signify that Horizon Bancorp is investing more in its future growth.

Horizon Bancorp's most recent dividend payout was on 15 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 30 March 2021 (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 $7.6396 up to $20.0312. A popular way to gauge a stock's volatility is its "beta".

HBNC.US volatility(beta: 1.32)Avg. volatility(beta: 1.00)LowHigh

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 1.3199. 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 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 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 73 full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc.

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