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Horizon Bancorp
HBNCNASDAQ
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Horizon Bancorp (NASDAQ:HBNC) Stock, Analyst Ratings, Price Targets, Forecasts
Horizon Bancorp (IN) has a consensus price target of $14.33 based on the ratings of 4 analysts. The high is $18 issued by Keefe, Bruyette & Woods on October 28, 2022. The low is $12 issued by Stephens & Co. on December 13, 2023. The 3 most-recent analyst ratings were released by Piper Sandler, Stephens & Co., and Piper Sandler on April 29, 2024, December 13, 2023, and December 13, 2023, respectively. With an average price target of $13 between Piper Sandler, Stephens & Co., and Piper Sandler, there's an implied -13.62% downside for Horizon Bancorp (IN) from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Piper Sandler
Stephens & Co.
Keefe, Bruyette & Woods
1calculated from analyst ratings
Analyst Ratings for Horizon Bancorp
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/29/2024 | Buy Now | -13.62% | Piper Sandler | Nathan Race | $14 → $13 | Maintains | Neutral | Get Alert |
| 12/13/2023 | Buy Now | -20.27% | Stephens & Co. | Terry McEvoy | → $12 | Reiterates | Overweight → Overweight | Get Alert |
| 12/13/2023 | Buy Now | -6.98% | Piper Sandler | Nathan Race | $13 → $14 | Maintains | Neutral | Get Alert |
| 10/30/2023 | Buy Now | -33.55% | Piper Sandler | Nathan Race | $12 → $10 | Maintains | Neutral | Get Alert |
| 07/31/2023 | Buy Now | -6.98% | Piper Sandler | Nathan Race | $11 → $14 | Maintains | Neutral | Get Alert |
| 07/06/2023 | Buy Now | — | Raymond James | David Long | — | Downgrade | Outperform → Market Perform | Get Alert |
| 04/27/2023 | Buy Now | -13.62% | Stephens & Co. | Terry McEvoy | → $13 | Reiterates | → Overweight | Get Alert |
| 04/06/2023 | Buy Now | -13.62% | Raymond James | David Long | $18 → $13 | Maintains | Outperform | Get Alert |
| 02/22/2023 | Buy Now | — | Piper Sandler | Nathan Race | — | Downgrade | Overweight → Neutral | Get Alert |
| 01/27/2023 | Buy Now | 19.6% | Raymond James | David Long | $19 → $18 | Maintains | Outperform | Get Alert |
| 10/31/2022 | Buy Now | 19.6% | Stephens & Co. | Terry McEvoy | $25.5 → $18 | Maintains | Overweight | Get Alert |
| 10/28/2022 | Buy Now | 19.6% | Keefe, Bruyette & Woods | Damon Delmonte | $23 → $18 | Downgrade | Outperform → Market Perform | Get Alert |
| 10/28/2022 | Buy Now | 26.25% | Raymond James | David Long | $23 → $19 | Maintains | Outperform | Get Alert |
| 07/29/2022 | Buy Now | 52.82% | Raymond James | David Long | $22 → $23 | Maintains | Outperform | Get Alert |
| 07/07/2022 | Buy Now | 46.18% | Raymond James | David Long | $23 → $22 | Downgrade | Strong Buy → Outperform | Get Alert |
| 04/29/2022 | Buy Now | 52.82% | Raymond James | David Long | $25 → $23 | Maintains | Strong Buy | Get Alert |
| 12/03/2021 | Buy Now | 66.11% | Raymond James | David Long | — | Maintains | Strong Buy | Get Alert |
| 10/29/2021 | Buy Now | 59.47% | Raymond James | David Long | — | Upgrade | Outperform → Strong Buy | Get Alert |
| 08/26/2021 | Buy Now | 39.53% | Raymond James | David Long | — | Maintains | Outperform | Get Alert |
| 07/29/2021 | Buy Now | 32.89% | Raymond James | David Long | — | Maintains | Outperform | Get Alert |
FAQ
What is the target price for Horizon Bancorp (HBNC) stock?
The latest price target for Horizon Bancorp (NASDAQ:HBNC) was reported by Piper Sandler on April 29, 2024. The analyst firm set a price target for $13.00 expecting HBNC to fall to within 12 months (a possible -13.62% downside). 5 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Horizon Bancorp (HBNC)?
The latest analyst rating for Horizon Bancorp (NASDAQ:HBNC) was provided by Piper Sandler, and Horizon Bancorp maintained their neutral rating.
When was the last upgrade for Horizon Bancorp (HBNC)?
The last upgrade for Horizon Bancorp (IN) happened on October 29, 2021 when Raymond James raised their price target to $24. Raymond James previously had an outperform for Horizon Bancorp (IN).
When was the last downgrade for Horizon Bancorp (HBNC)?
The last downgrade for Horizon Bancorp (IN) happened on July 6, 2023 when Raymond James changed their price target from N/A to N/A for Horizon Bancorp (IN).
When is the next analyst rating going to be posted or updated for Horizon Bancorp (HBNC)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Horizon Bancorp, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Horizon Bancorp was filed on April 29, 2024 so you should expect the next rating to be made available sometime around April 29, 2025.
Is the Analyst Rating Horizon Bancorp (HBNC) correct?
While ratings are subjective and will change, the latest Horizon Bancorp (HBNC) rating was a maintained with a price target of $14.00 to $13.00. The current price Horizon Bancorp (HBNC) is trading at is $15.05, which is out of the analyst’s predicted range.
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