Horizon Bancorp (NASDAQ:HBNC) is set to release its earnings data before the market opens on Tuesday, January 23rd. Analysts expect Horizon Bancorp to post earnings of $0.46 per share for the quarter.

Horizon Bancorp (NASDAQ:HBNC) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Horizon Bancorp had a net margin of 20.03% and a return on equity of 9.58%. The business had revenue of $35.90 million during the quarter, compared to the consensus estimate of $37.81 million. On average, analysts expect Horizon Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Horizon Bancorp (NASDAQ:HBNC) opened at $28.32 on Tuesday. Horizon Bancorp has a 12 month low of $24.20 and a 12 month high of $29.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $721.66, a price-to-earnings ratio of 20.37 and a beta of 0.98.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, January 4th. Horizon Bancorp’s dividend payout ratio (DPR) is presently 37.41%.

A number of research firms recently weighed in on HBNC. Zacks Investment Research cut Horizon Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Sandler O’Neill restated a “hold” rating and issued a $29.50 price target on shares of Horizon Bancorp in a research note on Wednesday, January 3rd. BidaskClub cut Horizon Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Piper Jaffray Companies set a $32.00 price objective on Horizon Bancorp and gave the stock a “buy” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $30.13.

In other news, CEO Craig M. Dwight sold 3,200 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $27.06, for a total transaction of $86,592.00. Following the sale, the chief executive officer now directly owns 150,625 shares of the company’s stock, valued at approximately $4,075,912.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michele M. Thompson sold 10,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $27.29, for a total value of $272,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 76,046 shares of company stock worth $2,072,323 in the last quarter. Company insiders own 5.40% of the company’s stock.

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Horizon Bancorp Company Profile

Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities and Horizon Risk Management, Inc The Company operates through commercial banking segment.

Earnings History for Horizon Bancorp (NASDAQ:HBNC)

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