Horizon Bancorp (IN) (HBNC) To Go Ex-Dividend on January 2nd

Horizon Bancorp (IN) (NASDAQ:HBNC) declared a quarterly dividend on Tuesday, December 16th. Investors of record on Friday, January 2nd will be paid a dividend of 0.16 per share by the financial services provider on Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, January 2nd.

Horizon Bancorp (IN) has increased its dividend by an average of 0.1%per year over the last three years. Horizon Bancorp (IN) has a payout ratio of 33.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Horizon Bancorp (IN) to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 34.0%.

Horizon Bancorp (IN) Price Performance

HBNC traded down $0.09 on Wednesday, hitting $16.95. 26,816 shares of the stock were exchanged, compared to its average volume of 258,339. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.91 and a quick ratio of 0.91. Horizon Bancorp has a 12 month low of $12.70 and a 12 month high of $18.70. The firm has a market capitalization of $868.18 million, a price-to-earnings ratio of -4.31 and a beta of 0.84. The business has a 50-day moving average of $16.84 and a two-hundred day moving average of $16.20.

Horizon Bancorp (IN) (NASDAQ:HBNC) last issued its earnings results on Wednesday, October 22nd. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.16). The firm had revenue of $59.98 million during the quarter, compared to analyst estimates of $69.34 million. Horizon Bancorp (IN) had a negative net margin of 51.01% and a positive return on equity of 10.01%. Sell-side analysts forecast that Horizon Bancorp will post 1.78 EPS for the current fiscal year.

About Horizon Bancorp (IN)

Horizon Bancorp (NASDAQ: HBNC) is a financial holding company headquartered in Columbus, Indiana, offering community banking and wealth management services through its subsidiary, Horizon Bank. As a locally focused institution, it provides a full range of retail and commercial banking products, including checking and savings accounts, consumer and mortgage lending, commercial real estate financing, and treasury management solutions.

In addition to traditional deposit and loan products, Horizon Bancorp’s services encompass investment advisory and trust administration, retirement planning, and insurance products.