Keefe, Bruyette & Woods Issues Positive Forecast for Horizon Bancorp (IN) (NASDAQ:HBNC) Stock Price

Horizon Bancorp (IN) (NASDAQ:HBNC) had its target price boosted by equities research analysts at Keefe, Bruyette & Woods from $19.00 to $21.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 12.72% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Zacks Research downgraded shares of Horizon Bancorp (IN) from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Horizon Bancorp (IN) in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.33.

Horizon Bancorp (IN) Price Performance

Shares of Horizon Bancorp (IN) stock opened at $18.63 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.32. Horizon Bancorp has a 52 week low of $12.70 and a 52 week high of $19.07. The stock’s 50-day simple moving average is $17.28 and its 200-day simple moving average is $16.42. The company has a market capitalization of $954.23 million, a price-to-earnings ratio of -5.91 and a beta of 0.82.

Horizon Bancorp (IN) (NASDAQ:HBNC) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Horizon Bancorp (IN) had a positive return on equity of 11.56% and a negative net margin of 37.12%.The company had revenue of $64.53 million for the quarter, compared to analysts’ expectations of $74.35 million. As a group, analysts expect that Horizon Bancorp will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Horizon Bancorp (IN)

A number of large investors have recently made changes to their positions in HBNC. Rafferty Asset Management LLC raised its position in Horizon Bancorp (IN) by 3.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 24,844 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 941 shares during the period. Keybank National Association OH raised its holdings in shares of Horizon Bancorp (IN) by 7.6% in the second quarter. Keybank National Association OH now owns 14,089 shares of the financial services provider’s stock worth $217,000 after buying an additional 1,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Horizon Bancorp (IN) by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,722 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 1,057 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Horizon Bancorp (IN) by 2.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 50,097 shares of the financial services provider’s stock worth $850,000 after acquiring an additional 1,193 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Horizon Bancorp (IN) by 11.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,525 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 1,492 shares during the period. 64.51% of the stock is owned by hedge funds and other institutional investors.

Horizon Bancorp (IN) News Summary

Here are the key news stories impacting Horizon Bancorp (IN) this week:

• Positive Sentiment: EPS beat and profit rebound: Horizon reported $0.53 EPS for the quarter, topping consensus (~$0.50) and showing a rebound versus a year ago; the beat and management commentary on improving profitability supported the stock. Zacks: HBNC beats Q4
• Positive Sentiment: 2026 NIM guidance and strategy: Management outlined 2026 net interest margin guidance of 4.25%–4.35% and emphasized a pivot toward commercial lending and margin expansion — a clear operational catalyst for higher future interest income. Seeking Alpha: NIM guidance
• Neutral Sentiment: Earnings call, slide deck and full transcripts available — useful for investors wanting detail on loan mix, credit trends and expense outlook; read management Q&A to assess execution risk. MarketBeat: Call transcript & slides
• Neutral Sentiment: Analyst/peer comparisons and coverage: Recent pieces compare HBNC to regional peers (e.g., Richmond Mutual), which may influence relative valuation views but are not immediate drivers. DefenseWorld: HBNC vs RMBI
• Negative Sentiment: Revenue missed the consensus cited by some outlets (reported ~$64.5M vs higher street estimates), which tempers the beat and raises questions about fee/other income and non-interest revenue sustainability. Zacks: Key metrics vs estimates
• Negative Sentiment: Profitability mix and margins: the company still reports a negative net margin in recent reporting (offset by positive ROE), so investors should watch how loan growth, deposit costs and expense control translate into sustained net-income improvement. MarketBeat: Financial details

About Horizon Bancorp (IN)

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.