Horizon Bancorp (NASDAQ:HBNC – Get Free Report) issued its earnings results on Wednesday. The financial services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04, Yahoo Finance reports. The company had revenue of $102.40 million for the quarter, compared to analysts’ expectations of $58.23 million. Horizon Bancorp had a net margin of 5.50% and a return on equity of 8.17%. During the same period in the prior year, the company earned $0.37 earnings per share.
Horizon Bancorp Price Performance
Shares of NASDAQ:HBNC traded down $0.11 during trading hours on Friday, hitting $15.91. 144,678 shares of the company’s stock traded hands, compared to its average volume of 160,381. Horizon Bancorp has a 52 week low of $9.22 and a 52 week high of $16.64. The company’s fifty day simple moving average is $15.41 and its two-hundred day simple moving average is $13.70. The company has a market cap of $701.89 million, a price-to-earnings ratio of 29.67 and a beta of 1.04. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.88 and a current ratio of 0.88.
Horizon Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $0.16 per share. The ex-dividend date was Friday, October 4th. This represents a $0.64 annualized dividend and a dividend yield of 4.02%. Horizon Bancorp’s dividend payout ratio (DPR) is 118.52%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on HBNC
About Horizon Bancorp
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.
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