Horizon Bancorp (HBNC) Projected to Post Quarterly Earnings on Wednesday

Horizon Bancorp (NASDAQ:HBNC) is anticipated to release its earnings data after the market closes on Wednesday, January 22nd. Analysts expect Horizon Bancorp to post earnings of $0.39 per share and revenue of $62,807.25 billion for the quarter.

Horizon Bancorp (NASDAQ:HBNC) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Horizon Bancorp had a net margin of 5.89% and a return on equity of 8.27%. The business had revenue of $102.40 million during the quarter, compared to the consensus estimate of $58.23 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. On average, analysts expect Horizon Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Horizon Bancorp Price Performance

Shares of Horizon Bancorp stock traded up $0.20 on Wednesday, hitting $15.76. The company’s stock had a trading volume of 131,182 shares, compared to its average volume of 156,065. The company has a market capitalization of $688.95 million, a price-to-earnings ratio of 33.53 and a beta of 1.08. Horizon Bancorp has a 1 year low of $11.18 and a 1 year high of $19.18. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a fifty day moving average price of $17.25 and a 200-day moving average price of $15.82.

Horizon Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, January 3rd. Horizon Bancorp’s dividend payout ratio (DPR) is presently 136.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HBNC shares. Hovde Group initiated coverage on shares of Horizon Bancorp in a research note on Monday, September 30th. They issued an “outperform” rating and a $18.00 price target on the stock. StockNews.com upgraded shares of Horizon Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Horizon Bancorp from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Horizon Bancorp Company Profile

Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits.