Horizon Bancorp (IN) Declares Quarterly Dividend of $0.16 (NASDAQ:HBNC)

Horizon Bancorp (IN) (NASDAQ:HBNC - Get Free Report) announced a quarterly dividend on Tuesday, December 16th. Investors of record on Friday, January 2nd will be given a dividend of 0.16 per share by the financial services provider on Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, January 2nd.Get Horizon Bancorp (IN) alerts:Horizon Bancorp (IN) has increased its dividend by an average of 0.1%per year over the last three years. Horizon Bancorp (IN) has a payout ratio of 33.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Horizon Bancorp (IN) to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 34.0%. Horizon Bancorp (IN) Price PerformanceShares of HBNC traded down $0.24 during mid-day trading on Wednesday, reaching $18.12. The company had a trading volume of 243,624 shares, compared to its average volume of 250,536. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $928.05 million, a P/E ratio of -4.61 and a beta of 0.84. Horizon Bancorp has a twelve month low of $12.70 and a twelve month high of $18.70. The company's 50-day moving average is $16.41 and its 200-day moving average is $16.00. Horizon Bancorp (IN) (NASDAQ:HBNC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.16). Horizon Bancorp (IN) had a negative net margin of 51.01% and a positive return on equity of 10.01%. The company had revenue of $59.98 million during the quarter, compared to analyst estimates of $69.34 million. On average, equities analysts anticipate that Horizon Bancorp will post 1.78 EPS for the current year. Institutional Investors Weigh In On Horizon Bancorp (IN)A number of institutional investors have recently made changes to their positions in HBNC. State of Alaska Department of Revenue acquired a new position in Horizon Bancorp (IN) in the third quarter valued at about $28,000. Tower Research Capital LLC TRC raised its position in shares of Horizon Bancorp (IN) by 160.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the financial services provider's stock valued at $101,000 after acquiring an additional 4,024 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Horizon Bancorp (IN) in the 2nd quarter valued at approximately $134,000. Quadrant Capital Group LLC bought a new position in Horizon Bancorp (IN) during the 3rd quarter worth approximately $140,000. Finally, New York State Common Retirement Fund grew its holdings in Horizon Bancorp (IN) by 17.9% during the third quarter. New York State Common Retirement Fund now owns 10,514 shares of the financial services provider's stock valued at $168,000 after purchasing an additional 1,600 shares during the period. 64.51% of the stock is owned by institutional investors and hedge funds. Horizon Bancorp (IN) Company Profile (Get Free Report)Horizon Bancorp, Inc operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits.Featured StoriesFive stocks we like better than Horizon Bancorp (IN)How to Use Stock Screeners to Find StocksCan Upwork Maintain Its Comeback? Reasons to Be Bullish and BearishHow to Calculate Options ProfitsIs Tesla Overvalued? 2 Reasons It Might Be a BargainWhat Are the U.K. Market Holidays? How to Invest and TradeHow These 2 Stocks Won 2025's AI Race—And What's In Store for 2026This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Horizon Bancorp (IN) Right Now?Before you consider Horizon Bancorp (IN), you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Horizon Bancorp (IN) wasn't on the list.While Horizon Bancorp (IN) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here