Horizon Bancorp: Attractive Dividend Yield And A Positive Earnings Outlook [Seeking Alpha]
Horizon Bancorp, Inc. (HBNC)
Last horizon bancorp, inc. earnings: 4/29 05:30 pm
Check Earnings Report
US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=100750
Company Research
Source: Seeking Alpha
Planned asset re-mixes and the upcoming interest rate cuts will likely drive the net interest margin. The December 2024 target price suggests a price upside of ~ 20% as of the writing of this report. HBNC is offering quite a high dividend yield of 5.2%. Earnings of Horizon Bancorp, Inc. ( NASDAQ: HBNC ) will most probably increase this year on the back of both loan growth and margin expansion. Regional economic factors will drive loan growth while changes in the asset mix and interest rate cuts will drive the margin's expansion. As a result, I'm expecting Horizon Bancorp to report earnings of $1.40 per share for 2024. Compared to my last report on the company, I've increased my earnings estimate following the better-than-expected performance in the first quarter of the year. The year-end target price suggests a high upside from the current market price. Further, the company is offering an attractive dividend yield. As a result, I'm maintaining a buy rating on Horizon Bancorp.
Show less
Read more
Impact Snapshot
Event Time:
HBNC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HBNC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HBNC alerts
High impacting Horizon Bancorp, Inc. news events
Weekly update
A roundup of the hottest topics
HBNC
News
- Horizon Bancorp, Inc. Names John R. Stewart, CFA as Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Horizon Bancorp, Inc. Names John R. Stewart, CFA as Chief Financial OfficerGlobeNewswire
- Horizon Bancorp, Inc. (NASDAQ: HBNC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Horizon Bancorp, Inc. (NASDAQ:HBNC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Horizon Bancorp, Inc. (NASDAQ: HBNC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
HBNC
Earnings
- 4/24/24 - Beat
HBNC
Sec Filings
- 5/13/24 - Form 8-K
- 5/10/24 - Form 10-Q
- 5/3/24 - Form 4
- HBNC's page on the SEC website