Alert: Positive Investment/Fundamental Signals (12/19/23)-Horizon Bancorp Inc (NASDAQ: HBNC)


Horizon Bancorp Inc (NASDAQ: HBNC) has recently enjoyed important positive changes in fundamentals: significant quarterly sales acceleration occurred, the stock’s power rating rose above 70, and the consensus estimate for December, 2024 increased significantly.

Recent meaningful positive changes in investment behavior have benefitted Horizon Bancorp Inc (NASDAQ: HBNC): its longer term price trend turned up.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, HBNC is expected to continue to be a modest Value Builder.

Horizon Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Horizon Bancorp has a good Power Rating of 73 and a good Appreciation Score of 79, and the Highest Value Trend Rating results.

Recent Price Action

Horizon Bancorp Inc (NASDAQ: HBNC) stock enjoyed a large increase of 2.5% on 12/19/23. The stock closed at $13.97. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 15.1% during the last week.

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