# Horizon Bancorp Inc. (HBNC) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Financial Services / Banks. Price $21.01, market value $1.1 billion.

## Valuation
- **P/E (trailing): 9.3×** (5-yr avg 13.3×, 3-yr avg 19.3×). Horizon Bancorp Inc. trades at 9.3× trailing earnings, well below its own five-year average of 13.3×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 9.4×, higher than trailing, so analysts expect earnings to fall.
- **Price / book: 1.5×**. The shares trade at 1.5× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 8.7%** (5-yr avg 10.9%). Free cash flow equals 8.7% of the market value, in line with its five-year average of 10.9%. Above 5% is generally attractive.
- **Earnings yield: 10.8%**. The inverse of the P/E: 10.8% of the price is earned each year.

## Profitability
- **Return on equity: -21.9%**. Return on equity is negative because earnings are negative.

## Growth
- **EPS growth (1 yr): -505.0%**. Earnings per share fell 505.0%.
- **Free-cash-flow growth (3 yr): -5.5%/yr**. Free cash flow has compounded at -5.5% a year over three years.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $139 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 3.05%** ($0.64 per share, trailing). Horizon Bancorp Inc. yields 3.05%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 10**. 10 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 5.9%/yr** (1-yr 0.0%). The dividend has grown 5.9% a year over five years.

## Analyst view
- **Analyst consensus: strong_buy** (5 analysts). 5 analysts cover Horizon Bancorp Inc.; the consensus is strong_buy, with an average price target of $23.80 (+13% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 39.7%** (YTD 28.5%, 3-mo 2.1%). The shares are up 39.7% over twelve months including dividends.
- **From 52-week high: -1.3%** (36.2% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 69**. An RSI of 69 is neutral.
- **Beta (1 yr): 0.60** (volatility 23%). Beta of 0.60 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HBNC · Page: https://foliofundamentals.com/stocks/hbnc

Not investment advice.