Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Horizon Bancorp Inc before investing.

In this article, we go over a few key elements for understanding Horizon Bancorp Inc’s stock price such as:

• Horizon Bancorp Inc’s current stock price and volume
• Why Horizon Bancorp Inc’s stock price changed recently
• Upgrades and downgrades for HBNC from analysts
• HBNC’s stock price momentum as measured by its relative strength

About Horizon Bancorp Inc (HBNC)

Before we jump into Horizon Bancorp Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Horizon Bancorp, Inc. is a bank holding company. The Company provides a range of banking services in northern and central Indiana and southern and central Michigan through its subsidiary, Horizon Bank (the Bank) and Horizon Risk Management, Inc. The Company operates through the commercial banking segment. The Bank is a full-service commercial bank that offers a range of commercial and retail banking and other services incident to banking along with a trust department that offers corporate and individual trust and agency services and investment management services. The Bank maintains approximately 71 full-service offices. Its wholly owned subsidiary, Horizon Risk Management, Inc., is a captive insurance company. Its loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. The Bank?s deposits products include noninterest-bearing demand deposits, interest bearing demand deposits, savings deposits, money market and time deposits.

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Horizon Bancorp Inc’s Stock Price as of Market Close

As of October 13, 2023, 4:00 PM, CST, Horizon Bancorp Inc’s stock price was $10.08.

Horizon Bancorp Inc is down 4.18% from its previous closing price of $10.52.

During the last market session, Horizon Bancorp Inc’s stock traded between $10.45 and $10.77. Currently, there are 43.64 million shares of Horizon Bancorp Inc stock available for purchase.

Horizon Bancorp Inc’s price-earnings (P/E) ratio is currently at 5.6, which is low compared to the Banks industry median of 7.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Horizon Bancorp Inc Stock Price History

Horizon Bancorp Inc’s (HBNC) price is currently down 5.62% so far this month.

During the month of October, Horizon Bancorp Inc’s stock price has reached a high of $10.84 and a low of $10.01.

Over the last year, Horizon Bancorp Inc has hit prices as high as $20.11 and as low as $7.69. Year to date, Horizon Bancorp Inc’s stock is down 51.65%.

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What Caused Horizon Bancorp Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 12, 2023, there were 5 analysts who downgraded Horizon Bancorp Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Horizon Bancorp Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Horizon Bancorp Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Horizon Bancorp Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Horizon Bancorp Inc (HBNC) by visiting AAII Stock Evaluator.

Relative Price Strength of Horizon Bancorp Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 12, 2023, Horizon Bancorp Inc has a weighted four-quarter relative price strength of -12.29%, which translates to a Momentum Score of 31 and is considered to be Weak.

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Horizon Bancorp Inc Stock Price: Bottom Line

As of October 13, 2023, Horizon Bancorp Inc’s stock price is $10.08, which is down 4.18% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Horizon Bancorp Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.