Horizon Bancorp Inc (NASDAQ: HBNC) has reported E.P.S. of $0.42 for its third fiscal quarter (ending September 30) versus $0.37 for the same period a year ago. E.P.S. were $0.48 for the latest four quarters through September 30 versus $1.71 for the same period a year ago.
Recent Price Action
Horizon Bancorp Inc (NASDAQ: HBNC) stock closed at $15.11 on 10/23/24 after a slight decline of -0.2%. This decline was accompanied by normal trading volume. The stock has declined -3.3% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
HBNC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above 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 Appreciation Score of 83 and a very high Power Rating of 92, and the Highest Value Trend Rating results.
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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