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Horizon Bancorp (IN) HBNC

Morningstar Rating
$11.80 −0.30 (2.48%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

HBNC is trading at a 25% discount.
Price
$12.06
Fair Value
$18.64
Uncertainty
Very High
1-Star Price
$67.17
5-Star Price
$1.75
Economic Moat
Djbhr
Capital Allocation
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News

Trading Information

Previous Close Price
$12.10
Day Range
$11.7712.16
52-Week Range
$7.6915.54
Bid/Ask
$10.50 / $14.28
Market Cap
$520.45 Mil
Volume/Avg
124,181 / 179,348

Key Statistics

Price/Earnings (Normalized)
9.53
Price/Sales
2.92
Dividend Yield (Trailing)
5.42%
Dividend Yield (Forward)
5.42%
Total Yield
5.42%

Company Profile

Horizon Bancorp (IN) is a United States-based holding company providing banking services. It is engaged in providing commercial and retail banking services, corporate and individual trust and agency services, and other services incident to banking. The company also provides commercial loans, real estate loans, mortgage warehouse loans, consumer loans, and other credit facilities. In addition, the company provides advances, loans, term loans, overdrafts for various business purposes such as business expansion, purchasing machinery and equipment, business mortgaged and others. The company has one principal business segment, commercial banking. Revenue generated by the company mainly consists of dividends received.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Small Value
Total Number of Employees
923

Comparables

Valuation

Metric
HBNC
MBCN
CATC
Price/Earnings (Normalized)
9.539.9511.14
Price/Book Value
0.750.990.97
Price/Sales
2.922.873.18
Price/Cash Flow
5.629.9211.12
Price/Earnings
HBNC
MBCN
CATC

Financial Strength

Metric
HBNC
MBCN
CATC
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
HBNC
MBCN
CATC
Return on Assets (Normalized)
0.93%1.20%0.85%
Return on Equity (Normalized)
10.74%11.02%9.12%
Return on Invested Capital (Normalized)
Return on Assets
HBNC
MBCN
CATC
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Banks - Regional Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
BNPQY
BNP Paribas ADRCbsc$68.7 Bil
USB
U.S. BancorpBty$63.6 Bil
ITUB
Itau Unibanco Holding SA ADRCss$62.9 Bil
ISNPY
Intesa Sanpaolo ADRZfzz$58.4 Bil
PNC
PNC Financial Services Group IncGzmfpgf$57.6 Bil
MFG
Mizuho Financial Group Inc ADRWtg$46.4 Bil
TFC
Truist Financial CorpSqdgjgn$46.1 Bil
LYG
Lloyds Banking Group PLC ADRYjgbgj$37.3 Bil
BBD
Bank Bradesco SA ADRDjjw$28.1 Bil
DB
Deutsche Bank AGPgx$26.7 Bil

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