HBNCFinancial Services · Banks - RegionalThe 5 Wall Street analysts covering Horizon Bancorp, Inc. (Indiana) hold a median 12-month price target of $23 — +17.9% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 40 of 100 as at 8 Oct 2026 — in the lower half.
Consensus tells you what everyone already believes. The model scores Horizon Bancorp, Inc. (Indiana) on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Accruals (84): Reported profit is backed by cash, and the company is not expanding recklessly.
Quality (7): Profits are thin or unreliable for the size of the business, or they are not turning into cash.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on HBNC, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +17.9% from it.
Of the 20 most recent actions, 3 moved their price target up and 0 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 2 Oct 2026 | Piper Sandler | Upgrade | Overweight | $23 → $24 |
| 24 July 2026 | Keefe, Bruyette & Woods | Maintains | Outperform | $21 → $23 |
| 24 July 2026 | Keefe, Bruyette & Woods | Maintains | Outperform | — |
| 24 July 2026 | Piper Sandler | Maintains | Neutral | $21 → $23 |
| 24 July 2026 | Piper Sandler | Maintains | Neutral | — |
| 1 July 2026 | Stephens & Co. | Reiterates | Overweight | — |
| 1 July 2026 | Stephens & Co. | Reiterates | Overweight | $21 |
| 27 Apr 2026 | Piper Sandler | Maintains | Neutral | — |
| 27 Mar 2026 | Stephens & Co. | Assumes | Overweight | $20 |
| 23 Jan 2026 | Keefe, Bruyette & Woods | Maintains | Outperform | — |
| 2 Sept 2025 | Stephens & Co. | Maintains | Overweight | — |
| 26 Aug 2025 | Keefe, Bruyette & Woods | Upgrade | Outperform | — |
| 28 July 2025 | Piper Sandler | Maintains | Neutral | — |
| 25 July 2025 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 28 Apr 2025 | Piper Sandler | Maintains | Neutral | — |
| 25 Apr 2025 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 27 Jan 2025 | Piper Sandler | Maintains | Neutral | — |
| 4 Dec 2024 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 30 Sept 2024 | Hovde Group | Initiates | Outperform | — |
| 29 July 2024 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. HBNC appears on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 8 Oct 2026, Horizon Bancorp, Inc. (Indiana) returned +25.0% against +16.2% for the S&P 500, dividends included.
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Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 49% of US stocks
Cheaper than 99% of US stocks
Cheaper than 59% of US stocks
Higher than 65% of US stocks
Higher than 59% of US stocks
Higher than 94% of US stocks
Higher than 30% of US stocks
Higher than 32% of US stocks
Higher than 37% of US stocks
Higher than 87% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Horizon Bancorp, Inc. (Indiana) has a market value of $991.5M and an enterprise value of $1.1B.
Revenue in the twelve months to 30 June 2026: −$18.1M. The latest quarter grew 16.9% year on year.
Net income over the same four quarters: −$144.0M, a 796.5% net margin.
Diluted earnings per share, trailing twelve months: $−3.16.
Free cash flow in the twelve months to 30 June 2026: $94.1M.
Horizon Bancorp, Inc. (Indiana) spent $31.7M on dividends in the twelve months to 30 June 2026.
Trailing P/E: 13.7×; forward P/E: 8.6× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 3.31%, paying out 55% of earnings.
Horizon Bancorp, Inc. (Indiana) employs 465 people — −$39K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Horizon Bancorp, Inc. (Indiana) — and when they’d sell — is the membership. See the Ticker Nerd 20 →
Horizon Bancorp, Inc. announced it will host a conference call on October 22 to review its third quarter results. The call is scheduled for 7:30 a.m.
Why it matters — HBNC watchers will want to tune in to hear the company discuss its third-quarter financial results directly from management.
Horizon Bancorp announced on August 18, 2026, that it appointed Nicholas J. Ritter and Charles Sulerzyski as independent directors to its board.
Why it matters — The addition of two independent directors could be relevant to HBNC watchers as it may affect board composition and governance.
The 5 Wall Street analysts covering Horizon Bancorp, Inc. (Indiana) have a median 12-month price target of $23, with estimates ranging from $23 to $24. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 5 analysts covering Horizon Bancorp, Inc. (Indiana), 5 rate it a Buy, 0 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Horizon Bancorp, Inc. (Indiana) 40 out of 100 across roughly 4,600 US stocks as at 8 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 8 Oct 2026, Horizon Bancorp, Inc. (Indiana) ranks 40 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Accruals (84 of 100).
No one can know that. What the data says: the median 12-month target from 5 analysts implies +17.9% from the last close, and Ticker Nerd's factor model ranks Horizon Bancorp, Inc. (Indiana) 40 out of 100 as at 8 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Horizon Bancorp, Inc. (Indiana) publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for HBNC are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $23 to $24 over the next 12 months.
Horizon Bancorp, Inc. (Indiana) returned +25.0% over the 12 months to 8 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
Horizon Bancorp, Inc. is a bank holding company that operates through Horizon Bank, serving commercial and retail customers in Midwestern markets.
The most recent item we track (GlobeNewsWire, 2 Oct 2026): "Horizon Bancorp, Inc. Announces Conference Call to Review Third Quarter Results on October 22". Horizon Bancorp, Inc. announced it will host a conference call on October 22 to review its third quarter results. The call is scheduled for 7:30 a.m.
Horizon Bancorp, Inc. is a bank holding company that operates through Horizon Bank, serving commercial and retail customers in Midwestern markets. The company provides a broad range of financial services, including personal and business banking, commercial lending, residential real estate lending, mortgage warehouse lending, consumer credit, deposit products, trust and agency services, investment management, treasury management, wealth management, retirement plans, and insurance products. Its business is delivered through branch locations in Indiana and Michigan, supported by digital and virtual banking tools that extend access for individual and corporate clients. Horizon Bancorp, Inc. focuses on community banking relationships and serves customers across multiple industries through its commercial banking platform. Founded in 1873 and headquartered in Michigan City, Indiana, Horizon Bancorp, Inc. plays a regional role in U.S. banking by combining traditional branch-based services with modern digital channels.
CEO Mr. Thomas M. Prame · 465 employees · United States · https://www.horizonbank.com
