Financial Contrast: Horizon Bancorp (IN) (HBNC) & Its Rivals

Horizon Bancorp (IN) (NASDAQ: HBNC) is one of 207 publicly-traded companies in the “Commercial Banks” industry, but how does it contrast to its rivals? We will compare Horizon Bancorp (IN) to related businesses based on the strength of its earnings, profitability, valuation, risk, analyst recommendations, institutional ownership and dividends.

Dividends

Horizon Bancorp (IN) pays an annual dividend of $0.52 per share and has a dividend yield of 1.8%. Horizon Bancorp (IN) pays out 39.1% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.8% and pay out 35.7% of their earnings in the form of a dividend.

Insider and Institutional Ownership

45.1% of Horizon Bancorp (IN) shares are held by institutional investors. Comparatively, 46.5% of shares of all “Commercial Banks” companies are held by institutional investors. 5.4% of Horizon Bancorp (IN) shares are held by insiders. Comparatively, 11.7% of shares of all “Commercial Banks” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Earnings & Valuation

This table compares Horizon Bancorp (IN) and its rivals top-line revenue, earnings per share and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Horizon Bancorp (IN) $132.76 million N/A 21.55
Horizon Bancorp (IN) Competitors N/A N/A 25.62

Horizon Bancorp (IN) is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Risk & Volatility

Horizon Bancorp (IN) has a beta of 1, meaning that its stock price has a similar volatility profile to the S&P 500.Comparatively, Horizon Bancorp (IN)’s rivals have a beta of 0.74, meaning that their average stock price is 26% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of current ratings for Horizon Bancorp (IN) and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Horizon Bancorp (IN) 0 0 3 0 3.00
Horizon Bancorp (IN) Competitors 380 2904 2379 70 2.37

Horizon Bancorp (IN) presently has a consensus target price of $29.33, suggesting a potential upside of 2.35%. As a group, “Commercial Banks” companies have a potential upside of 0.29%. Given Horizon Bancorp (IN)’s stronger consensus rating and higher possible upside, equities analysts clearly believe Horizon Bancorp (IN) is more favorable than its rivals.

Profitability

This table compares Horizon Bancorp (IN) and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Horizon Bancorp (IN) 19.16% 9.65% 1.04%
Horizon Bancorp (IN) Competitors 19.72% 8.36% 0.88%

Summary

Horizon Bancorp (IN) beats its rivals on 8 of the 14 factors compared.

About Horizon Bancorp (IN)

Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities and Horizon Risk Management, Inc. The Company operates through commercial banking segment. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company. LSB Risk Management, Inc. is a captive insurance company. As of September 1, 2017, the Bank operated through 60 offices throughout northern and central Indiana and southern Michigan and Ohio. The Bank’s loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans.

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