Horizon Bancorp (IN) (HBNC) To Go Ex-Dividend on July 2nd

Horizon Bancorp (IN) (NASDAQ:HBNC – Get Free Report) declared a quarterly dividend on Tuesday, June 16th. Investors of record on Friday, July 3rd will be given a dividend of 0.16 per share by the financial services provider on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, July 2nd.

Horizon Bancorp (IN) has increased its dividend payment by an average of 0.1%annually over the last three years. Horizon Bancorp (IN) has a dividend payout ratio of 33.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Horizon Bancorp (IN) to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 28.8%.

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Horizon Bancorp (IN) Trading Down 1.1%

Shares of HBNC opened at $20.06 on Tuesday. The stock has a market capitalization of $1.03 billion, a PE ratio of -6.31 and a beta of 0.83. The company’s fifty day moving average is $18.63 and its 200 day moving average is $17.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.91. Horizon Bancorp has a fifty-two week low of $14.84 and a fifty-two week high of $20.31.

Horizon Bancorp (IN) (NASDAQ:HBNC – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Horizon Bancorp (IN) had a negative net margin of 37.28% and a positive return on equity of 12.41%. The business had revenue of $73.48 million during the quarter, compared to analyst estimates of $76.11 million. Sell-side analysts expect that Horizon Bancorp will post 2.1 earnings per share for the current fiscal year.

About Horizon Bancorp (IN)

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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.

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