Horizon Bancorp (IN) (NASDAQ:HBNC) Receives Consensus Recommendation of “Hold” from Brokerages

Posted by Francis Steltz on Aug 26th, 2026

Horizon Bancorp (IN) (NASDAQ:HBNC – Get Free Report) has received an average recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $22.3333.

HBNC has been the subject of several recent analyst reports. Piper Sandler restated a “neutral” rating and issued a $23.00 target price (up from $21.00) on shares of Horizon Bancorp (IN) in a research report on Friday, July 24th. Wall Street Zen raised Horizon Bancorp (IN) from a “hold” rating to a “buy” rating in a report on Sunday, August 16th. Stephens reiterated an “overweight” rating and set a $21.00 price objective on shares of Horizon Bancorp (IN) in a research report on Wednesday, July 1st. Weiss Ratings downgraded Horizon Bancorp (IN) from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th. Finally, Keefe, Bruyette & Woods increased their price objective on Horizon Bancorp (IN) from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, July 24th.

Read Our Latest Stock Analysis on Horizon Bancorp (IN)

Insider Activity

In other news, EVP Kathie A. Deruiter sold 8,000 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $20.19, for a total transaction of $161,520.00. Following the transaction, the executive vice president directly owned 50,346 shares of the company’s stock, valued at approximately $1,016,485.74. This trade represents a 13.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Horizon Bancorp (IN)

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in Horizon Bancorp (IN) by 65.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,666 shares of the financial services provider’s stock valued at $28,000 after buying an additional 660 shares during the period. Allworth Financial LP bought a new stake in shares of Horizon Bancorp (IN) during the 2nd quarter worth about $31,000. Royal Bank of Canada lifted its stake in shares of Horizon Bancorp (IN) by 93.5% in the 1st quarter. Royal Bank of Canada now owns 2,873 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,388 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Horizon Bancorp (IN) in the 2nd quarter worth approximately $70,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Horizon Bancorp (IN) by 160.2% in the second quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 4,024 shares in the last quarter. Institutional investors own 64.51% of the company’s stock.

Horizon Bancorp (IN) Stock Performance

Shares of HBNC opened at $19.55 on Wednesday. The firm has a fifty day moving average of $20.05 and a 200-day moving average of $18.50. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -6.19 and a beta of 0.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 0.92. Horizon Bancorp has a 1 year low of $14.97 and a 1 year high of $21.04.

Horizon Bancorp (IN) (NASDAQ:HBNC – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The firm had revenue of $75.50 million during the quarter, compared to analyst estimates of $76.56 million. Horizon Bancorp (IN) had a positive return on equity of 13.31% and a negative net margin of 36.38%. As a group, equities analysts anticipate that Horizon Bancorp will post 2.07 earnings per share for the current year.

Horizon Bancorp (IN) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 3rd were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, July 2nd. Horizon Bancorp (IN)’s payout ratio is -20.25%.

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.