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Buy Day today: Neutral (53) Mixed market breadth · no major macro event

Horizon Bancorp (HBNC)

Financial Services Banks - Regional
20.50 $
-0.6% vs. previous close
Closing price · As of: 31. Jul 2026
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Trading Day

Previous Close
20.60$
Open
20.60$
Day High
20.70$
Day Low
20.30$
Volume
545,273shares

Key levels of the most recently completed trading day — not a live quote.

52-Week Range

52-Week Low 52-Week High
15.00 $ 20.70 $
08/01/2025 07/28/2026

Current price 20.50 $ — 97% of the range above the low.

Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.

Basics

Market Cap
1.1$B
Shares Outstanding
51Mio.
Float
97.7%
Beta
0.8

Performance

Perf. 1M
8.50%
Perf. 3M
24.90%
Perf. 6M
16.20%
YTD Performance (%)
18.30%
52-Week-High Distance
-0.8%
Perf. 1Y
37.00%
Perf. 3Y
88.55%
Perf. 5Y
51.73%
Perf. 10Y
137.08%
Perf. Since Inception
4,751.72%

Technical Indicators

MA 38 Days
19.90$
MA 50 Days
19.50$
MA 200 Days
17.70$
RSI (14)
57.8
Volatility 30 Days
21.7%
Volatility 250 Days
27.2%

Calculated from the price history · as of 08/03/2026

Valuation

P/E
Forward P/E
11.0
PEG
0.8
P/B
P/S
10.9
EV/EBITDA
0.0
Price/FCF
13.0

Profitability

Gross Margin
EBIT Margin
Net Margin
0.0%
Return on Equity
-20.1%
Return on Assets
-2.0%

Balance Sheet & Safety

Equity Ratio
Debt/Equity
Altman Z″
3.34
Piotroski
7 out of 9

Growth

Sales Growth Last Quarter
8.50%
EPS Growth Last Quarter
-5.60%
Sales Growth (Year)
-70.97%
Forward Sales Growth
5.37%
Forward EPS Growth
5.70%

Dividend

Dividend Yield
3.13%
Dividend Per Share (TTM)
0.64$
Payout Ratio
20.3%
Years Without a Cut
10Years
Increase Streak
0Years

Quality & Screener

Stage
2
RS Rating
67
EPS Rating
29
Piotroski
7 out of 9
Fundamental Rating
C (48 out of 100)
Altman Z″
3.34

AI Rating

Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available. How the Rating Is Built

Growth Score

1 of 10 Weak growth

Ten checks against the annual reports — each one passed counts a point.

  • Revenue grows by more than 15% a year over three years -28.1% failed
  • More than 10% revenue growth is expected for the coming year 5.4% failed
  • Share count grows by less than 3% a year 5.5% failed
  • Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 1.0% failed
  • Gross margin at 40% or higher and without meaningful erosion -29.5% failed
  • Goodwill from acquisitions does not grow faster than revenue 2.4% failed
  • Net debt below twice EBITDA failed
  • Operating cash flow covers the profits of the last three years 262 m passed
  • Return on capital at 15% or higher, or up versus two years ago -3.1% failed
  • Insiders hold at least 10% or are net buyers 2.2% failed

A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail

Analysts & Price Target

Current Price 20.50 $
Price Target (average) 22.90 $

The price target sits 11.7% above the current price.

Consensus
Sell
Analyst Ratings
6
Distribution of Recommendations
Strong Buy 3
Buy 0
Hold 3
Sell 0
Strong Sell 0

Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.

Estimates by Fiscal Year

Estimates by Fiscal Year
Fiscal Year EPS Estimate ($) EPS Range ($) Revenue Estimate ($M) Expected Growth Analysts
12/31/2026 2.13 2.10 – 2.15 308 -32.7% 5
12/31/2027 2.23 2.20 – 2.29 324 4.9% 5

Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.

Next Reporting Date

21. Oct 2026 · after the close · Q3 2026
Expected Earnings per Share
0.54 $

Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.

Revenue & Profit

Cash Flow

Balance Sheet

Margins

Per Share

Click the chart or tab into it, then use ← and → to step through the periods.

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The figures could not be loaded right now.

Sales Per Quarter ($M)
2024: Q4 · 63.1 $M Q4 2025: Q1 · 105.0 $M Q1 2025: Q2 · 101.2 $M Q2 2025: Q3 · -203.7 $M Q3 2025: Q4 · 100.8 $M Q4 2026: Q1 · 97.9 $M Q1

Source: fundamental data

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Quarterly Figures

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 -0.25 63 2.30 -17.20 -48 -50
2025: Q1 0.54 70.80 105 11.10 22.80 15 14
2025: Q2 0.47 45.80 101 4.90 20.40 20 18
2025: Q3 -4.69 -1,238.50 -204 -301.00 11 9
2025: Q4 0.53 101 59.60 26.70 34 33
2026: Q1 0.51 -6.30 98 -6.80 26.70 21 21
What Do These Terms Mean?
EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

Annual Figures

Annual Figures
Fiscal Year Revenue ($M) EBIT ($M) Net Income ($M) EPS ($) Operating Cash Flow ($M) Equity ($M) Total Assets ($M)
2016 136 33 24 0.79 26 341 3,141
2017 157 48 33 0.95 49 457 3,964
2018 194 64 53 1.38 72 492 4,247
2019 243 80 67 1.53 175 656 5,244
2020 254 78 69 1.55 79 692 5,887
2021 247 102 87 1.98 105 723 7,412
2022 278 106 93 2.14 94 677 7,873
2023 220 39 28 0.64 89 719 7,931
2024 355 27 35 0.80 6 764 7,801
2025 103 -200 -150 -2.93 79 688 6,437

Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.

About the Company

Horizon Bancorp, Inc. ist die Bankholding der Horizon Bank, die Privat- und Firmenkunden in Indiana und Michigan in den USA Geschäfts- und Privatkundenbankdienstleistungen anbietet.

CEO Insider Trades (12 Mo.)buying own stock
Employees465
HeadquartersMichigan City, IN
Address515 Franklin Street, 46360 Michigan City, United States
Phone219 879 0211
Websitehorizonbank.com
IPO Date17. Dec 2001
ISINUS4404071049
Stock Split3:2 on 06/18/2018

Management

Management
Name Title Birth Year
Thomas M. Prame CEO, President & Director 1970
John R. Stewart C.F.A. CFO & Executive VP 1981
Kathie A. DeRuiter Executive VP & Senior Operations Officer 1962
Lynn M. Kerber Executive VP & Chief Commercial Banking Officer 1969
Todd A. Etzler Executive VP, Chief Legal and Risk Officer & Corporate Secretary 1967
Amy Phares Assistant VP of Public Relations & Social Media Manager
John D. Hatfield SVP & Director of Marketing
Pamela L. Zarazee Senior Vice President & Director of Human Resources
Dennis J. Kuhn Regional President for Southwest Michigan 1960
Scott T. Kosik Senior Vice President & Director of Digital Banking

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Insider Transactions

Insider Transactions
Date Person Role Type Shares Price Value
27. Jul 2026 DeRuiter Kathie A Executive Vice President Sell 8,000 20.19 161,520

Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.

View all insider transactions →

Chart

Interactive price chart (TradingView).

Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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