Keefe, Bruyette & Woods Boosts Horizon Bancorp (IN) (NASDAQ:HBNC) Price Target to $21.00

Horizon Bancorp (IN) (NASDAQ:HBNC) had its target price increased by Keefe, Bruyette & Woods from $19.00 to $21.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 19.32% from the company’s current price.

Other research analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Horizon Bancorp (IN) in a research note on Monday, December 29th. Zacks Research lowered shares of Horizon Bancorp (IN) from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.33.

Horizon Bancorp (IN) Stock Performance

Shares of HBNC stock opened at $17.60 on Friday. Horizon Bancorp has a fifty-two week low of $12.70 and a fifty-two week high of $19.07. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $901.47 million, a P/E ratio of -5.59 and a beta of 0.82. The stock’s 50-day moving average is $17.31 and its two-hundred day moving average is $16.43.

Horizon Bancorp (IN) (NASDAQ:HBNC) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. Horizon Bancorp (IN) had a positive return on equity of 11.56% and a negative net margin of 37.12%.The business had revenue of $64.53 million during the quarter, compared to the consensus estimate of $74.35 million. Analysts predict that Horizon Bancorp will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Horizon Bancorp (IN)

Hedge funds and other institutional investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. increased its holdings in shares of Horizon Bancorp (IN) by 36.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 152,100 shares of the financial services provider’s stock worth $2,580,000 after acquiring an additional 40,913 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Horizon Bancorp (IN) during the fourth quarter worth $609,000. Wedge Capital Management L L P NC boosted its position in Horizon Bancorp (IN) by 2.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 50,097 shares of the financial services provider’s stock worth $850,000 after purchasing an additional 1,193 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Horizon Bancorp (IN) by 11.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,525 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 1,492 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Horizon Bancorp (IN) by 452.9% in the third quarter. JPMorgan Chase & Co. now owns 363,548 shares of the financial services provider’s stock valued at $5,820,000 after purchasing an additional 297,799 shares during the period. 64.51% of the stock is owned by institutional investors.

Trending Headlines about Horizon Bancorp (IN)

Here are the key news stories impacting Horizon Bancorp (IN) this week:

• Positive Sentiment: Analyst price-target upgrade — Keefe, Bruyette & Woods raised its price target on HBNC from $19 to $21 and kept an “outperform” rating, signaling buy-side confidence and ~19% upside versus recent levels. Benzinga
• Positive Sentiment: Management guided to higher net interest margins for 2026 (4.25%–4.35%) and emphasized a commercial lending push to expand margins — a constructive signal for future loan yield improvement and NIM-driven earnings. Horizon Bancorp outlines 2026 net interest margin guidance
• Positive Sentiment: Quarterly EPS beat — HBNC reported $0.53 EPS vs. consensus ~$0.50, showing earnings resilience versus year-ago results. Analysts and recap pieces highlight the beat. Zacks: HBNC Beats Q4 Earnings
• Neutral Sentiment: Investors can read the full earnings-call transcript and presentation for color on credit trends, expense outlook and capital plans. These materials should clarify management’s path to the guided NIMs. Earnings Call Transcript (Yahoo)
• Neutral Sentiment: Analyst/comparator coverage — reviews contrasting HBNC with peers (e.g., Richmond Mutual) have appeared; useful for relative valuation and risk comparisons but not immediate catalysts. Reviewing Horizon Bancorp & Richmond Mutual
• Negative Sentiment: Revenue/mix concerns — while EPS beat, reported revenue appeared light versus some street estimates and commentary flagged pressure on certain fee or non‑interest income lines; weaker top-line reads can temper investor enthusiasm. Zacks: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Intraday selling pressure and higher-than-normal volume suggest some investors are booking gains or reacting to the mixed quarter and guidance details despite the positives. This likely contributed to the stock moving lower. Market trading note

Horizon Bancorp (IN) Company Profile

Horizon Bancorp (NASDAQ: HBNC) is a financial holding company headquartered in Columbus, Indiana, offering community banking and wealth management services through its subsidiary, Horizon Bank. As a locally focused institution, it provides a full range of retail and commercial banking products, including checking and savings accounts, consumer and mortgage lending, commercial real estate financing, and treasury management solutions.

In addition to traditional deposit and loan products, Horizon Bancorp’s services encompass investment advisory and trust administration, retirement planning, and insurance products.