Horizon Bancorp (IN) (NASDAQ:HBNC) Upgraded by Wall Street Zen to Buy Rating

Posted by Brian Himes on Jul 29th, 2026

Wall Street Zen upgraded shares of Horizon Bancorp (IN) (NASDAQ:HBNC – Free Report) from a hold rating to a buy rating in a report released on Tuesday morning.

A number of other equities analysts have also weighed in on HBNC. Stephens reiterated an “overweight” rating and issued a $21.00 price target on shares of Horizon Bancorp (IN) in a report on Wednesday, July 1st. Weiss Ratings downgraded Horizon Bancorp (IN) from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 21st. Keefe, Bruyette & Woods increased their target price on Horizon Bancorp (IN) from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $23.00 target price (up from $21.00) on shares of Horizon Bancorp (IN) in a report on Friday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $22.33.

Read Our Latest Stock Report on HBNC

Horizon Bancorp (IN) Price Performance

HBNC opened at $20.71 on Tuesday. The company’s 50 day simple moving average is $19.45 and its 200 day simple moving average is $18.11. 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 1 year low of $14.84 and a 1 year high of $20.87. The stock has a market capitalization of $1.06 billion, a PE ratio of -6.55 and a beta of 0.82.

Horizon Bancorp (IN) (NASDAQ:HBNC – Get Free Report) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Horizon Bancorp (IN) had a negative net margin of 36.38% and a positive return on equity of 13.52%. The company had revenue of $75.50 million during the quarter, compared to analysts’ expectations of $76.56 million. As a group, sell-side analysts expect that Horizon Bancorp will post 2.08 EPS for the current year.

Horizon Bancorp (IN) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 3rd were issued a $0.16 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $0.64 annualized dividend and a yield of 3.1%. Horizon Bancorp (IN)’s dividend payout ratio (DPR) is presently -20.25%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bayview Asset Management LLC raised its stake in shares of Horizon Bancorp (IN) by 0.7% in the 4th quarter. Bayview Asset Management LLC now owns 95,462 shares of the financial services provider’s stock valued at $1,619,000 after purchasing an additional 645 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Horizon Bancorp (IN) by 65.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,666 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 660 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in Horizon Bancorp (IN) by 3.9% in the second quarter. Rafferty Asset Management LLC now owns 24,844 shares of the financial services provider’s stock valued at $382,000 after buying an additional 941 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Horizon Bancorp (IN) by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,722 shares of the financial services provider’s stock valued at $388,000 after buying an additional 1,057 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in Horizon Bancorp (IN) by 2.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 50,097 shares of the financial services provider’s stock worth $850,000 after buying an additional 1,193 shares during the last quarter. 64.51% of the stock is 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.