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

Horizon Bancorp (NASDAQ:HBNCGet Free Report) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.39 per share and revenue of $62,807.25 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Horizon Bancorp (NASDAQ:HBNCGet Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. Horizon Bancorp had a net margin of 5.89% and a return on equity of 8.27%. The company had revenue of $102.40 million during the quarter, compared to analysts’ expectations of $58.23 million. During the same period last year, the business earned $0.37 EPS. 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 Stock Performance

Shares of HBNC opened at $15.83 on Tuesday. The stock has a market capitalization of $692.09 million, a price-to-earnings ratio of 33.68 and a beta of 1.08. Horizon Bancorp has a 12 month low of $11.18 and a 12 month high of $19.18. The firm has a fifty day simple moving average of $17.11 and a 200 day simple moving average of $15.89. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.83.

Horizon Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.16 per share. The ex-dividend date was Friday, January 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.04%. Horizon Bancorp’s dividend payout ratio is 136.17%.

Analyst Ratings Changes

HBNC has been the topic of several analyst reports. Hovde Group assumed coverage on Horizon Bancorp in a report on Monday, September 30th. They set an “outperform” rating and a $18.00 target price on the stock. StockNews.com raised Horizon Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods increased their price objective on Horizon Bancorp from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

View Our Latest Stock Analysis on Horizon Bancorp

Horizon Bancorp Company Profile

(Get Free Report)

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.

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Earnings History for Horizon Bancorp (NASDAQ:HBNC)

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