Horizon Bancorp Inc (NASDAQ: HBNC) stock enjoyed a major increase of 11.6% on 11/14/23. The shares closed at $11.08. The stock has performed in line with the market over the last nine months and has risen 6.2% 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 C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Horizon Bancorp has a good Appreciation Score of 84 but a slightly negative Power Rating of 31, and the High Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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