Horizon Bancorp (HBNC) Stock Forecast, Price Target & Predictions
HBNC Stock Forecast
Horizon Bancorp stock forecast is as follows: an average price target of $18.00 (represents a 9.22% upside from HBNC’s last price of $16.48) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
HBNC Price Target
The average price target for Horizon Bancorp (HBNC) is $18.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $18.00 to $18.00. This represents a potential 9.22% upside from HBNC's last price of $16.48.
HBNC Analyst Ratings
According to 3 Wall Street analysts, Horizon Bancorp's rating consensus is 'Buy'. The analyst rating breakdown for HBNC stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Horizon Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 29, 2024 | Nathan Rave | Piper Sandler | $18.00 | $16.27 | 10.63% | 9.22% |
| Apr 29, 2024 | Nathan Rave | Piper Sandler | $13.00 | $11.65 | 11.59% | -21.12% |
| Apr 29, 2022 | Raymond James | $23.00 | $17.91 | 28.42% | 39.56% |
The latest Horizon Bancorp stock forecast, released on Jul 29, 2024 by Nathan Rave from Piper Sandler, set a price target of $18.00, which represents a 10.63% increase from the stock price at the time of the forecast ($16.27), and a 9.22% increase from HBNC last price ($16.48).
Horizon Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $15.50 |
| Last Closing Price | $16.48 | $16.48 | $16.48 |
| Upside/Downside | -100.00% | -100.00% | -5.95% |
In the current month, the average price target of Horizon Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Horizon Bancorp's last price of $16.48. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 30, 2024 | Hovde Group | Outperform | Initialise | |
| Jul 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jul 29, 2022 | Raymond James | Outperform | Outperform | Hold |
| Apr 29, 2022 | Raymond James | Strong Buy | Strong Buy | Hold |
Horizon Bancorp's last stock rating was published by Hovde Group on Sep 30, 2024. The company Initialise its HBNC rating from "null" to "Outperform".
Horizon Bancorp Financial Forecast
Horizon Bancorp Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $63.06M | $52.80M | $55.76M | $71.80M | $58.17M | $60.66M | $62.95M | $59.78M | $60.00M | $59.94M | $54.73M | $53.59M | $60.39M | $57.22M | $51.43M | $50.89M | $51.02M | $52.78M |
| Avg Forecast | $69.35M | $68.75M | $67.58M | $65.47M | $66.09M | $65.30M | $64.08M | $61.88M | $62.61M | $59.26M | $55.22M | $54.38M | $52.34M | $55.38M | $55.97M | $58.37M | $65.04M | $69.06M | $63.73M | $61.02M | $63.83M | $59.55M | $56.83M | $58.95M | $58.77M | $56.98M | $53.13M | $52.35M | $54.15M | $53.59M |
| High Forecast | $70.32M | $69.72M | $68.52M | $66.39M | $67.01M | $66.22M | $64.98M | $62.36M | $62.81M | $59.35M | $55.99M | $54.38M | $52.64M | $57.05M | $56.75M | $59.19M | $65.95M | $69.06M | $63.73M | $61.02M | $63.83M | $59.55M | $56.83M | $58.95M | $58.77M | $56.98M | $53.13M | $52.35M | $54.15M | $53.59M |
| Low Forecast | $67.96M | $67.37M | $66.22M | $64.16M | $64.76M | $63.99M | $62.79M | $61.64M | $62.30M | $59.17M | $54.11M | $54.38M | $51.83M | $53.93M | $54.84M | $57.20M | $63.74M | $69.06M | $63.73M | $61.02M | $63.83M | $59.55M | $56.83M | $58.95M | $58.77M | $56.98M | $53.13M | $52.35M | $54.15M | $53.59M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 4 | 5 | 4 | 4 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 0.95% | 1.00% | 1.23% | 0.89% | 0.88% | 0.99% | 0.98% | 0.94% | 1.01% | 0.96% | 0.91% | 1.03% | 1.00% | 0.97% | 0.97% | 0.94% | 0.98% |
Horizon Bancorp's average Quarter revenue forecast for Mar 24 based on 1 analysts is $54.38M, with a low forecast of $54.38M, and a high forecast of $54.38M. HBNC's average Quarter revenue forecast represents a -13.78% decrease compared to the company's last Quarter revenue of $63.06M (Dec 23).
Horizon Bancorp EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 4 | 5 | 4 | 4 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-18.80M | $17.49M | $20.21M | $46.65M | $45.27M | $35.47M | $37.36M | $33.65M | $43.02M | $34.14M | $33.47M | $31.58M | $36.52M | $34.02M | $26.28M | $26.58M | $36.97M | $39.47M |
| Avg Forecast | $25.96M | $25.74M | $25.30M | $24.51M | $24.74M | $24.45M | $23.99M | $23.17M | $23.44M | $22.19M | $20.67M | $39.85M | $19.59M | $20.73M | $20.95M | $36.23M | $47.32M | $29.33M | $27.07M | $28.64M | $27.11M | $25.29M | $24.13M | $26.84M | $24.96M | $24.20M | $22.56M | $30.12M | $23.00M | $22.76M |
| High Forecast | $26.33M | $26.10M | $25.65M | $24.86M | $25.09M | $24.79M | $24.33M | $23.35M | $23.52M | $22.22M | $20.96M | $47.83M | $19.71M | $21.36M | $21.25M | $43.48M | $56.79M | $29.33M | $27.07M | $34.37M | $27.11M | $25.29M | $24.13M | $32.21M | $24.96M | $24.20M | $22.56M | $36.15M | $23.00M | $22.76M |
| Low Forecast | $25.44M | $25.22M | $24.79M | $24.02M | $24.24M | $23.96M | $23.51M | $23.08M | $23.32M | $22.15M | $20.26M | $31.88M | $19.40M | $20.19M | $20.53M | $28.99M | $37.86M | $29.33M | $27.07M | $22.91M | $27.11M | $25.29M | $24.13M | $21.47M | $24.96M | $24.20M | $22.56M | $24.10M | $23.00M | $22.76M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.96% | 0.84% | 0.96% | 1.29% | 0.96% | 1.21% | 1.38% | 1.18% | 1.59% | 1.35% | 1.39% | 1.18% | 1.46% | 1.41% | 1.16% | 0.88% | 1.61% | 1.73% |
3 analysts predict HBNC's average Quarter EBITDA for Dec 23 to be $19.59M, with a high of $19.71M and a low of $19.40M. This is 12.04% upper than Horizon Bancorp's previous annual EBITDA (Sep 23) of $17.49M.
Horizon Bancorp Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 4 | 5 | 4 | 4 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-25.21M | $16.20M | $18.76M | $18.23M | $21.16M | $23.82M | $24.86M | $23.56M | $21.43M | $23.07M | $22.17M | $20.42M | $21.89M | $20.31M | $14.64M | $11.65M | $18.54M | $20.54M |
| Avg Forecast | $20.59M | $20.29M | $20.14M | $18.82M | $19.34M | $19.34M | $18.67M | $16.91M | $17.47M | $16.32M | $13.76M | $27.90M | $13.50M | $15.97M | $16.59M | $25.37M | $23.57M | $26.57M | $22.87M | $20.05M | $23.49M | $20.67M | $19.27M | $17.36M | $17.42M | $15.66M | $9.77M | $13.21M | $18.47M | $18.40M |
| High Forecast | $20.96M | $20.66M | $20.51M | $19.16M | $19.69M | $19.69M | $19.01M | $17.35M | $17.79M | $16.62M | $14.01M | $33.49M | $13.96M | $17.30M | $16.89M | $30.44M | $28.28M | $26.57M | $22.87M | $24.06M | $23.49M | $20.67M | $19.27M | $20.83M | $17.42M | $15.66M | $9.77M | $15.85M | $18.47M | $18.40M |
| Low Forecast | $20.05M | $19.76M | $19.62M | $18.33M | $18.83M | $18.83M | $18.19M | $16.46M | $17.02M | $15.89M | $13.40M | $22.32M | $13.03M | $14.64M | $16.15M | $20.29M | $18.85M | $26.57M | $22.87M | $16.04M | $23.49M | $20.67M | $19.27M | $13.89M | $17.42M | $15.66M | $9.77M | $10.57M | $18.47M | $18.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -1.87% | 1.01% | 1.13% | 0.72% | 0.90% | 0.90% | 1.09% | 1.18% | 0.91% | 1.12% | 1.15% | 1.18% | 1.26% | 1.30% | 1.50% | 0.88% | 1.00% | 1.12% |
Horizon Bancorp's average Quarter net income forecast for Dec 23 is $13.50M, with a range of $13.03M to $13.96M. HBNC's average Quarter net income forecast represents a -16.70% decrease compared to the company's last Quarter net income of $16.20M (Sep 23).
Horizon Bancorp SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 4 | 5 | 4 | 4 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $21.36M | $21.00M | $19.25M | $20.37M | $26.68M | $25.82M | $25.52M | $26.22M | $24.04M | $22.84M | $21.75M | $25.14M | $23.20M | $20.05M | $21.06M | $20.49M | $20.37M |
| Avg Forecast | $30.85M | $30.59M | $30.07M | $29.13M | $29.40M | $29.05M | $28.51M | $27.53M | $27.85M | $26.37M | $24.57M | $30.22M | $23.29M | $24.64M | $24.90M | $27.48M | $28.84M | $25.51M | $23.54M | $21.72M | $23.57M | $21.99M | $20.99M | $18.49M | $21.71M | $21.04M | $19.62M | $23.87M | $20.00M | $19.79M |
| High Forecast | $31.29M | $31.02M | $30.49M | $29.54M | $29.81M | $29.46M | $28.91M | $27.74M | $27.95M | $26.41M | $24.91M | $36.27M | $23.42M | $25.38M | $25.25M | $32.97M | $34.61M | $25.51M | $23.54M | $26.07M | $23.57M | $21.99M | $20.99M | $22.18M | $21.71M | $21.04M | $19.62M | $28.64M | $20.00M | $19.79M |
| Low Forecast | $30.23M | $29.97M | $29.46M | $28.54M | $28.81M | $28.47M | $27.94M | $27.42M | $27.72M | $26.32M | $24.07M | $24.18M | $23.06M | $23.99M | $24.40M | $21.98M | $23.07M | $25.51M | $23.54M | $17.38M | $23.57M | $21.99M | $20.99M | $14.79M | $21.71M | $21.04M | $19.62M | $19.10M | $20.00M | $19.79M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 0.84% | 0.70% | 0.71% | 1.05% | 1.10% | 1.18% | 1.11% | 1.09% | 1.09% | 1.18% | 1.16% | 1.10% | 1.02% | 0.88% | 1.02% | 1.03% |
Horizon Bancorp's average Quarter SG&A projection for Dec 23 is $23.29M, based on 3 Wall Street analysts, with a range of $23.06M to $23.42M. The forecast indicates a 9.03% rise compared to HBNC last annual SG&A of $21.36M (Sep 23).
Horizon Bancorp EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 4 | 5 | 4 | 4 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.58 | $0.37 | $0.43 | $0.42 | $0.49 | $0.55 | $0.57 | $0.54 | $0.49 | $0.53 | $0.50 | $0.46 | $0.50 | $0.46 | $0.33 | $0.26 | $0.41 | $0.46 |
| Avg Forecast | $0.47 | $0.46 | $0.46 | $0.43 | $0.44 | $0.44 | $0.42 | $0.38 | $0.40 | $0.37 | $0.31 | $0.31 | $0.31 | $0.36 | $0.38 | $0.41 | $0.51 | $0.60 | $0.52 | $0.47 | $0.53 | $0.47 | $0.44 | $0.41 | $0.40 | $0.36 | $0.22 | $0.30 | $0.42 | $0.42 |
| High Forecast | $0.48 | $0.47 | $0.46 | $0.43 | $0.45 | $0.45 | $0.43 | $0.39 | $0.40 | $0.38 | $0.32 | $0.32 | $0.32 | $0.39 | $0.38 | $0.41 | $0.52 | $0.60 | $0.52 | $0.47 | $0.53 | $0.47 | $0.44 | $0.41 | $0.40 | $0.36 | $0.22 | $0.30 | $0.42 | $0.42 |
| Low Forecast | $0.45 | $0.45 | $0.44 | $0.42 | $0.43 | $0.43 | $0.41 | $0.37 | $0.39 | $0.36 | $0.30 | $0.30 | $0.30 | $0.33 | $0.37 | $0.40 | $0.49 | $0.60 | $0.52 | $0.47 | $0.53 | $0.47 | $0.44 | $0.41 | $0.40 | $0.36 | $0.22 | $0.30 | $0.42 | $0.42 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -1.90% | 1.02% | 1.14% | 1.03% | 0.97% | 0.91% | 1.10% | 1.15% | 0.92% | 1.13% | 1.14% | 1.11% | 1.26% | 1.29% | 1.49% | 0.87% | 0.98% | 1.10% |
According to 3 Wall Street analysts, Horizon Bancorp's projected average Quarter EPS for Dec 23 is $0.31, with a low estimate of $0.30 and a high estimate of $0.32. This represents a -17.30% decrease compared to HBNC previous annual EPS of $0.37 (Sep 23).
Horizon Bancorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| NBHC | National Bank | $45.56 | $50.00 | 9.75% | Hold |
| FFNW | First Financial Northwest | $21.85 | $23.50 | 7.55% | Hold |
| GABC | German American Bancorp | $43.81 | $45.67 | 4.25% | Buy |
| HBNC | Horizon Bancorp | $17.33 | $18.00 | 3.87% | Buy |
| HFWA | Heritage Financial | $25.67 | $26.00 | 1.29% | Hold |
| GSBC | Great Southern Bancorp | $64.79 | $62.00 | -4.31% | Hold |
| FBNC | First Bancorp | $47.35 | $43.00 | -9.19% | Buy |
| BSRR | Sierra Bancorp | $30.73 | $25.33 | -17.57% | Hold |