Horizon Bancorp (HBNC)

• Market cap: $720M
• 1 day: 1.85%
• 5 days: -6.58%
• 1 month: -8.80%
• 3 months: 4.50%
• 6 months: 39.78%
• Year to date: 14.13%
• 1 year: 18.90%
• 5 years: -14.39%
• 10 years: 41.46%
• Sector: Financials
• Industry: State Commercial Banks

About: Horizon Bancorp (IN) is a United States-based holding company providing banking services. It is engaged in providing commercial and retail banking services, corporate and individual trust and agency services, and other services incident to banking. The company also provides commercial loans, real estate loans, mortgage warehouse loans, consumer loans, and other credit facilities. The company has one principal business segment, commercial banking.

Employees: 876

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

31,180% more call options, than puts

Call options by funds: $1.56M | Put options by funds: $5K

48% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 40

24% more capital invested

Capital invested by funds: $368M [Q2] → $458M (+$89.2M) [Q3]

22% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 18

3% more funds holding

Funds holding: 160 [Q2] → 164 (+4) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

0.12% less ownership

Funds ownership: 67.49% [Q2] → 67.37% (-0.12%) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $18 9% upside
• Avg. target: $18.50 12% upside
• High target: $19 15% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Keefe, Bruyette & Woods Damon Delmonte 43% 1-year accuracy 9 / 21 met price target	15% upside $19	Market Perform Maintained	4 Dec 2024
Hovde Group	9% upside $18	Outperform Initiated	30 Sept 2024