Horizon Bancorp Inc (NASDAQ: HBNC) stock closed at $18.30 on 11/6/24 after a major increase of 11.4%. Moreover, trading volume in this advance was exceptionally high at 366% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 13.0% 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 be above the cost of capital.
Horizon Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Horizon Bancorp has a good Appreciation Score of 82 and a very high Power Rating of 96, producing the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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