Horizon Bancorp Inc (IN) [HBNC] stock prices are up 11.45% to $18.30 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HBNC shares have gain 11.86% over the last week, with a monthly amount glided 25.60%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Horizon Bancorp Inc (IN) [NASDAQ: HBNC] stock has seen the most recent analyst activity on September 30, 2024, when Hovde Group initiated its Outperform rating and assigned the stock a price target of $18. Previously, Raymond James downgraded its rating to Mkt Perform on July 06, 2023. On February 22, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $17 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform and decreased its price target to $18 on October 28, 2022. Raymond James downgraded its rating to a Outperform and reduced its price target to $22 on July 07, 2022. Piper Jaffray started tracking with a Overweight rating for this stock on October 06, 2016, and assigned it a price target of $33.50. In a note dated March 14, 2016, FIG Partners upgraded an Outperform rating on this stock.
The stock price of Horizon Bancorp Inc (IN) [HBNC] has been fluctuating between $9.77 and $16.72 over the past year. Currently, Wall Street analysts expect the stock to reach $20.5 within the next 12 months. Horizon Bancorp Inc (IN) [NASDAQ: HBNC] shares were valued at $18.30 at the most recent close of the market. An investor can expect a potential return of 12.02% based on the average HBNC price forecast.
Analyzing the HBNC fundamentals
The Horizon Bancorp Inc (IN) [NASDAQ:HBNC] reported sales of 358.04M for trailing twelve months, representing a surge of 11.77%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.03 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.33 points at the first support level, and at 16.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.85, and for the 2nd resistance point, it is at 19.41.
Ratios To Look Out For
It’s worth pointing out that Horizon Bancorp Inc (IN) [NASDAQ:HBNC]’s Current Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 2.23, the price to book ratio is 1.06 and price to earnings (TTM) ratio is 38.71.
