For its first fiscal quarter (ending March 31), Horizon Bancorp Inc (NASDAQ: HBNC) has reported E.P.S. of $0.32 compared to $0.42 a year ago. For the latest four quarters through March 31, E.P.S. were $0.54 versus $2.03 for the same period a year ago.
Recent Price Action
Horizon Bancorp Inc (NASDAQ: HBNC) stock declined slightly by -0.7% on 4/24/24. The stock closed at $12.18. Trading volume in this decline was normal. The stock has been strong relative to the market over the last nine months and has risen 6.8% during the last week.
Current PriceTarget Research Rating
HBNC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Horizon Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Horizon Bancorp has a good Power Rating of 75 and a very high Appreciation Score of 88, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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