Zacks: Analysts Anticipate Horizon Bancorp Inc (NASDAQ:HBNC) to Announce $0.42 Earnings Per Share

Share on StockTwits

Equities research analysts expect Horizon Bancorp Inc (NASDAQ:HBNC) to report $0.42 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Horizon Bancorp’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.41. Horizon Bancorp reported earnings per share of $0.33 during the same quarter last year, which would indicate a positive year over year growth rate of 27.3%. The company is expected to issue its next earnings report on Tuesday, February 4th.

On average, analysts expect that Horizon Bancorp will report full year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.53 to $1.65. For the next financial year, analysts expect that the business will post earnings of $1.61 per share, with EPS estimates ranging from $1.55 to $1.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Horizon Bancorp.

Horizon Bancorp (NASDAQ:HBNC) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Horizon Bancorp had a net margin of 25.66% and a return on equity of 10.74%. The firm had revenue of $54.98 million for the quarter, compared to analyst estimates of $53.55 million.

HBNC has been the topic of several research reports. ValuEngine cut Horizon Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. BidaskClub cut Horizon Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Investment Research raised Horizon Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th.

NASDAQ HBNC traded down $0.19 on Wednesday, hitting $18.63. 214 shares of the stock were exchanged, compared to its average volume of 85,733. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.96 and a quick ratio of 0.96. The business’s fifty day moving average is $17.70 and its 200 day moving average is $16.71. Horizon Bancorp has a 52 week low of $14.79 and a 52 week high of $19.14. The company has a market capitalization of $844.98 million, a PE ratio of 14.82 and a beta of 0.98.

The business also recently declared a — dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a $0.12 dividend. This represents a dividend yield of 2.7%. The ex-dividend date was Thursday, October 3rd. Horizon Bancorp’s payout ratio is 37.80%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HBNC. Marshall Wace LLP bought a new stake in Horizon Bancorp during the first quarter worth approximately $26,000. WINTON GROUP Ltd raised its position in shares of Horizon Bancorp by 35.9% in the second quarter. WINTON GROUP Ltd now owns 19,284 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 5,090 shares during the period. Rhenman & Partners Asset Management AB bought a new position in shares of Horizon Bancorp in the second quarter valued at about $26,169,000. Swiss National Bank raised its position in shares of Horizon Bancorp by 2.1% in the second quarter. Swiss National Bank now owns 67,850 shares of the financial services provider’s stock valued at $1,109,000 after purchasing an additional 1,400 shares during the period. Finally, Gamco Investors INC. ET AL bought a new position in shares of Horizon Bancorp in the second quarter valued at about $163,000. 46.48% of the stock is owned by hedge funds and other institutional investors.

Horizon Bancorp Company Profile

Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers demand and time deposits. Its loan portfolio comprises commercial, residential real estate, mortgage warehouse, and consumer loans. The company also provides corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products.

Featured Story: Cost of Debt

Get a free copy of the Zacks research report on Horizon Bancorp (HBNC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Horizon Bancorp (NASDAQ:HBNC)

Receive News & Ratings for Horizon Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Cardinal Energy  Stock Price Crosses Below Fifty Day Moving Average of $2.10
Cardinal Energy Stock Price Crosses Below Fifty Day Moving Average of $2.10
Brunswick Bancorp  Stock Passes Below 50 Day Moving Average of $8.65
Brunswick Bancorp Stock Passes Below 50 Day Moving Average of $8.65
Guggenheim Taxabl Mncpl Mngd Drtn Trst  Shares Cross Below 50-Day Moving Average of $23.73
Guggenheim Taxabl Mncpl Mngd Drtn Trst Shares Cross Below 50-Day Moving Average of $23.73
K92 Mining  Sets New 12-Month High at $2.72
K92 Mining Sets New 12-Month High at $2.72
COSTAMARE INC/SH  Hits New 12-Month High at $8.67
COSTAMARE INC/SH Hits New 12-Month High at $8.67
Brokerages Set Chefs’ Warehouse Inc  Target Price at $37.16
Brokerages Set Chefs’ Warehouse Inc Target Price at $37.16


© 2006-2019 Ticker Report