Horizon Bancorp (IN) (NASDAQ:HBNC) Sets New 52-Week High – Here’s Why

Posted by Stanley Muller on Jun 15th, 2026

Horizon Bancorp (IN) (NASDAQ:HBNC – Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $19.75 and last traded at $19.8450, with a volume of 714611 shares traded. The stock had previously closed at $19.75.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stephens began coverage on shares of Horizon Bancorp (IN) in a research report on Friday, March 27th. They set an “overweight” rating and a $20.00 target price for the company. Piper Sandler reiterated a “neutral” rating and issued a $21.00 price objective (down from $22.00) on shares of Horizon Bancorp (IN) in a research note on Monday, April 27th. Weiss Ratings raised Horizon Bancorp (IN) from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Zacks Research upgraded Horizon Bancorp (IN) from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Wall Street Zen lowered Horizon Bancorp (IN) from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Horizon Bancorp (IN) has an average rating of “Hold” and an average price target of $20.67.

Check Out Our Latest Analysis on Horizon Bancorp (IN)

Horizon Bancorp (IN) Trading Down 1.0%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.91. The company’s 50 day moving average is $18.13 and its 200 day moving average is $17.58. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -6.17 and a beta of 0.83.

Horizon Bancorp (IN) (NASDAQ:HBNC – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $73.48 million for the quarter, compared to analyst estimates of $76.11 million. On average, research analysts forecast that Horizon Bancorp will post 2.1 EPS for the current fiscal year.

Horizon Bancorp (IN) Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Friday, April 3rd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, April 2nd. Horizon Bancorp (IN)’s dividend payout ratio (DPR) is presently -20.13%.

Institutional Trading of Horizon Bancorp (IN)

Institutional investors have recently made changes to their positions in the business. Siena Capital Partners GP LLC bought a new position in shares of Horizon Bancorp (IN) during the third quarter valued at $2,093,000. Stieven Capital Advisors L.P. increased its position in shares of Horizon Bancorp (IN) by 18.4% during the 4th quarter. Stieven Capital Advisors L.P. now owns 444,000 shares of the financial services provider’s stock worth $7,530,000 after purchasing an additional 69,000 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in Horizon Bancorp (IN) during the 3rd quarter valued at about $684,000. Hillsdale Investment Management Inc. lifted its holdings in Horizon Bancorp (IN) by 22.5% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 412,830 shares of the financial services provider’s stock valued at $6,609,000 after purchasing an additional 75,750 shares during the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. acquired a new position in Horizon Bancorp (IN) in the third quarter valued at about $1,227,000. 64.51% of the stock is currently owned by institutional investors and hedge funds.

About Horizon Bancorp (IN)

(Get Free Report)

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.