Contrasting Horizon Bancorp (IN) (NASDAQ:HBNC) and Its Peers

Horizon Bancorp (IN) (NASDAQ: HBNC) is one of 206 public companies in the “Commercial Banks” industry, but how does it contrast to its competitors? We will compare Horizon Bancorp (IN) to related businesses based on the strength of its dividends, risk, analyst recommendations, valuation, earnings, profitability and institutional ownership.

Valuation and Earnings

This table compares Horizon Bancorp (IN) and its competitors top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Horizon Bancorp (IN) $132.76 million N/A 21.61
Horizon Bancorp (IN) Competitors N/A N/A 22.52

Horizon Bancorp (IN) is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Horizon Bancorp (IN) and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Horizon Bancorp (IN) 19.16% 9.65% 1.04%
Horizon Bancorp (IN) Competitors 20.41% 8.60% 0.91%

Institutional and Insider Ownership

45.1% of Horizon Bancorp (IN) shares are held by institutional investors. Comparatively, 46.6% of shares of all “Commercial Banks” companies are held by institutional investors. 5.4% of Horizon Bancorp (IN) shares are held by insiders. Comparatively, 11.6% of shares of all “Commercial Banks” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Dividends

Horizon Bancorp (IN) pays an annual dividend of $0.52 per share and has a dividend yield of 1.8%. Horizon Bancorp (IN) pays out 39.1% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.8% and pay out 35.5% of their earnings in the form of a dividend.

Analyst Recommendations

This is a summary of recent recommendations for Horizon Bancorp (IN) and its competitors, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Horizon Bancorp (IN) 0 0 3 0 3.00
Horizon Bancorp (IN) Competitors 361 2840 2312 67 2.37

Horizon Bancorp (IN) currently has a consensus price target of $29.33, indicating a potential upside of 2.06%. As a group, “Commercial Banks” companies have a potential upside of 1.91%. Given Horizon Bancorp (IN)’s stronger consensus rating and higher possible upside, equities analysts plainly believe Horizon Bancorp (IN) is more favorable than its competitors.

Risk and Volatility

Horizon Bancorp (IN) has a beta of 1, suggesting that its share price has a similar volatility profile to the S&P 500.Comparatively, Horizon Bancorp (IN)’s competitors have a beta of 0.74, suggesting that their average share price is 26% less volatile than the S&P 500.

Summary

Horizon Bancorp (IN) beats its competitors on 8 of the 14 factors compared.

Horizon Bancorp (IN) Company Profile

Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities and Horizon Risk Management, Inc. The Company operates through commercial banking segment. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company. LSB Risk Management, Inc. is a captive insurance company. As of September 1, 2017, the Bank operated through 60 offices throughout northern and central Indiana and southern Michigan and Ohio. The Bank’s loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans.

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