HBNC
23.45
+0.20 (0.86%)
Horizon Bancorp Inc (NASDAQ, USD)
Financial Services >
Banks-Regional
Market cap
1.02B
Ent value
6.87B
Price/Sales
4.62
Price/Book
1.44
Div yield
2.22%
Div growth
14.71%
Growth years
10
FCF payout
26.76%
Trailing P/E
14.85
Forward P/E
11.84
PEG
-
EPS growth
12.60%
1 year return
38.27%
3 year return
11.98%
5 year return
6.33%
10 year return
16.41%
Last updated: 2022-01-19
STOCK INFORMATION
Stock chart
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Stock price data
| Open | 23.54 |
| Daily high | 23.80 |
| Daily low | 22.96 |
| Daily Volume | 272K |
| All-time high | 23.45 |
| 1y analyst estimate | 23.20 |
| Beta | 1.23 |
| EPS (TTM) | 1.57 |
| Dividend per share | 0.52 |
| Ex-div date | 6 Jan 2022 |
| Next earnings date | 27 Oct 2021 |
Downside potential
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Downside potential data
| HBNC | S&P500 | |
| Current price drop from All-time high | -1.55% | -1.40% |
| Highest price drop | -67.20% | -56.47% |
| Date of highest drop | 10 Mar 2009 | 9 Mar 2009 |
| Avg drop from high | -16.96% | -11.36% |
| Avg time to new high | 27 days | 12 days |
| Max time to new high | 1267 days | 1805 days |
DIVIDENDS
Dividend yield - 5y
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Dividend yield data
| Dividend per share | 0.52 |
| Dividend yield | 2.22% |
| Payout frequency | Quarterly |
| Maximum yield | 6.02% |
| Average yield | 2.73% |
| Minimum yield | 1.64% |
| Discount to avg yield | -23.10% |
| Upside potential | -18.77% |
| Yield as % of max yield | 36.82% |
Yield distribution (inverse percentile) - 5y
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Yield distribution data
| Dividend yield | 2.22% |
| Current yield distribution | 65.08% |
| Yield at 100% (Min) | 1.64% |
| Yield at 90% | 1.90% |
| Yield at 80% | 1.97% |
| Yield at 50% (Median) | 2.58% |
| Yield at 20% | 3.07% |
| Yield at 10% | 4.30% |
| Yield at 0% (Max) | 6.02% |
Dividend per share
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Dividend per share data
| Years of growth | 10 years |
| CCC status | Dividend Contender |
| Dividend per share | 0.52 |
| Payout frequency | Quarterly |
| Ex-div date | 6 Jan 2022 |
| EPS (TTM) | 1.57 |
| EPS (1y forward) | 1.98 |
| EPS growth (5y) | 12.60% |
| EPS growth (5y forward) | - |
Dividend growth
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Dividend growth data
| HBNC | S&P500 | |
| DGR MR | 15.38% | 14.59% |
| DGR TTM | 16.67% | 0.48% |
| DGR 3 years | 11.08% | 3.88% |
| DGR 5 years | 14.71% | 4.73% |
| DGR 10 years | 14.37% | 8.30% |
| DGR 15 years | 13.15% | 5.82% |
| Time since last change announced | 120 days |
| EPS growth (5y) | 12.60% |
| EPS growth (5y forward) | - |
Payout ratio
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Payout ratio data
| EPS coverage | FCF coverage | |
| TTM | 53.92% | 26.76% |
| Average | 29.71% | 19.90% |
| Forward | 26.26% | - |
VALUATION
Valuation Ratios
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Valuation Ratios data
| Trailing P/E | 14.85 |
| Price to OCF | 7.21 |
| Price to FCF | 7.37 |
| Price to EBITDA | 10.59 |
| EV to EBITDA | 71.25 |
Valuation (Sales/Book Value)
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Valuation (Sales/Book Value) data
| Price to Sales | 4.62 |
| Price to Book | 1.44 |
| EV to Sales | 31.11 |
FINANCIALS
Per share
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Per share data
| Current share count | 43.52M |
| EPS (TTM) | 1.57 |
| FCF per share (TTM) | 3.16 |
Income statement
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Income statement data
| Revenue (TTM) | 220.76M |
| Gross profit (TTM) | 209.81M |
| Operating income (TTM) | 53.76M |
| Net income (TTM) | 68.72M |
| EPS (TTM) | 1.57 |
| EPS (1y forward) | 1.98 |
Margins
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Margins data
| Gross margin (TTM) | 95.04% |
| Operating margin (TTM) | 24.35% |
| Profit margin (TTM) | 31.13% |
Balance Sheet
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Balance Sheet data
| Cash | 977.58M |
| Net receivables | 24.76M |
| Total current assets | 1.01B |
| Goodwill | 162.79M |
| Intangible assets | 21.15M |
| Property, plant and equipment | 0.00 |
| Total assets | 7.53B |
| Accounts payable | 5.98B |
| Short/Current long term debt | 0.00 |
| Total current liabilities | 5.98B |
| Total liabilities | 6.83B |
| Shareholder's equity | 708.54M |
| Net tangible assets | 524.60M |
Cash flow
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Cash flow data
| Operating cash flow (TTM) | 141.60M |
| Capital expenditures (TTM) | 3.10M |
| Free cash flow (TTM) | 138.49M |
| Dividends paid (TTM) | 37.06M |
Financial returns
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Financial returns data
| Return on Equity | 9.93% |
| Return on Assets | 1.17% |
| Return on Invested Capital | 5.89% |
| Cash Return on Invested Capital | 11.87% |
COMPANY DETAILS
Marketcap
1.02B
Marketcap category
Small-cap
Description
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. was founded in 1873 and is headquartered in Michigan City, Indiana.
Employees
761
Website
SEC filings
CEO
Craig Dwight
Country
USA
City
Michigan City
Stock type
Common stock
CCC status
Dividend Contender
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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UNDERSTAND THE BUSINESS
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COMPANY NEWS
All newsPress releases
Horizon Bancorp (HBNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
January 19, 2022
Horizon Bank Appoints Vanessa Williams as New Independent Director Vanessa Williams MICHIGAN CITY, Ind., Jan. 19, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon” or the “Co...
January 19, 2022
MICHIGAN CITY, Ind., Jan. 19, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced today the appointment of Vanessa Williams to serve as an independe...
January 19, 2022
Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are MCB, HBNC, SRTS, OCN and CBZ.
January 19, 2022
Horizon Bancorp (HBNC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
January 7, 2022
CIO, HBNC, and MOFG made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 7, 2022
January 7, 2022
Horizon Bancorp, Inc. ( NASDAQ:HBNC ) will increase its dividend on the 21st of January to US$0.15. The announced...
December 30, 2021
MICHIGAN CITY, Ind., Dec. 20, 2021 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, January 27, 2022 ...
December 20, 2021
Horizon Bancorp (HBNC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed throug...
December 10, 2021
If you want to know who really controls Horizon Bancorp, Inc. ( NASDAQ:HBNC ), then you'll have to look at the makeup...
November 24, 2021
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