Significant positive changes in Horizon Bancorp Inc (NASDAQ: HBNC) fundamentals have recently occurred: significant quarterly sales acceleration occurred, the stock’s power rating rose above 70, and the consensus estimate for December, 2024 increased significantly.
Important positive changes in Horizon Bancorp Inc (NASDAQ: HBNC) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HBNC is expected to continue to be a modest Value Builder.
Horizon Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Horizon Bancorp has a good Appreciation Score of 79 and a good Power Rating of 81, producing the Highest Value Trend Rating.
Recent Price Action
Horizon Bancorp Inc (NASDAQ: HBNC) stock declined by -2.8% on 1/3/24. The shares closed at $14.03. NORMAL trading volume accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.1% during the last week.
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