Horizon Bancorp (HBNC) to Release Earnings on Wednesday

Horizon Bancorp (NASDAQ:HBNC) is expected to be posting its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect Horizon Bancorp to post earnings of $0.40 per share and revenue of $64.52 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Horizon Bancorp (NASDAQ:HBNC) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). Horizon Bancorp had a return on equity of 8.48% and a net margin of 9.86%. On average, analysts expect Horizon Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Horizon Bancorp Price Performance

Horizon Bancorp stock opened at $13.29 on Wednesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $584.96 million, a price-to-earnings ratio of 16.61 and a beta of 0.87. The firm has a 50-day moving average of $15.58 and a two-hundred day moving average of $16.25. Horizon Bancorp has a 1 year low of $11.18 and a 1 year high of $19.18.

Horizon Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.82%. Horizon Bancorp’s payout ratio is 80.00%.

Analyst Ratings Changes

Separately, Piper Sandler lowered their target price on Horizon Bancorp from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

About Horizon Bancorp

Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits.