Insider buying last 90 days
No open-market insider purchases were filed for HBNC in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every HBNC insider filing, plotted on the chart in Gekko.Open HBNC in Gekko
NASDAQ: HBNC
Horizon Bancorp (HBNC) Stock Analysis & Forecast
Oct 12 close
$19.27+0.01 (+0.1%)
Gekko Brief
AI summaryOct 12 closeHorizon Bancorp's (HBNC) upcoming Q3 2026 earnings date has been confirmed for 21 October 2026, with a conference call set for the following day. The announcement follows a fourth-quarter 2025 report in which the company highlighted outperformance versus prior estimates, continued loan growth, solid credit quality, and a favorable deposit mix, alongside raised 2026 NIM guidance to the 4.25%-4.35% range.
HBNC closed at $19.27, essentially flat on the day, sitting between its 50-day average of $19.69 and 200-day average of $18.49. The stock's one-month return stands at -2.6%, though it is up 23.8% over the past year. The GekkoIndex reads 60.8, placing it in the Accumulation zone, while the gap to Gekko Fair Value of $21.07 shows the price running 8.5% below that mark.
The next 20 trading days bring Horizon Bancorp's earnings report on 21 October, just 8 days out, which falls inside that window and follows a history of 7 beats in the last 8 quarters, with an average absolute reaction of 4.1% and a 4.2% move after the last print. Seasonality from this point in the calendar has averaged a 5.1% gain over the next 20 trading days across 5 years, rising in 3 of them. No insider, Congress, or unusual options activity appears in the current window. Analyst consensus from 2 firms carries a $23.10 price target, implying 19.9% upside.
Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.
Horizon Bancorp price vs fair value
Close $19.27200-day averageGekko Fair Value $21.07
Horizon Bancorp quick facts
- Market cap
- $989.1M
- P/E ratio
- —
- Forward P/E
- 11.1
- EPS, TTM
- −$2.99
- Revenue, TTM
- −$12.38M
- Profit margin
- 0%
- Dividend yield
- 3.32%
- Beta
- 0.83
- Volume
- 439,575 avg 669,358
- 1-year return
- +23.8%
- Typical daily move
- ±2%
- Typical 20-day move
- ±5.6%
- 50-day average
- $19.69
- 200-day average
- $18.49
- Next earnings
- Oct 21 before open
- Shares outstanding
- 51.35M
Horizon Bancorp swing-trade checklist
Horizon Bancorp scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive1 mixed1 headwind
- Trendmixed
Averages disagree
Close $19.27 sits between the 50-day ($19.69) and 200-day ($18.49) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
60.8, Accumulation
Reading 60.8 is in the Accumulation zone.
See the GekkoIndex - Fair valuesupportive
8.5% below
Price is 8.5% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings riskheadwind
Reports in 9 days
Reports on Oct 21, 2026, 9 days away — inside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+5.1% on average
From this point in the calendar, the next 20 trading days averaged +5.1% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Horizon Bancorp stock chart and price history
Horizon Bancorp closed at $19.27 on Oct 12, 2026, +23.8% over the past year, inside a 52-week range of $14.97 to $21.04.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −2.6%
- 3 months
- −1.8%
- 6 months
- +8.9%
- 1 year
- +23.8%
The full HBNC chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open HBNC in Gekko
Follow Horizon Bancorp through every session
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About Horizon Bancorp
Horizon Bancorp is the holding company behind Horizon Bank, which handles both commercial and retail banking work. Customers can access a range of deposit accounts alongside loans covering commercial needs, home mortgages, mortgage warehouse financing, and personal consumer credit. The bank also provides trust and agency services for businesses and individuals, investment management, real estate investment trust solutions, and insurance products.
The company operates through 78 full-service branches, reaching customers across northern and central Indiana as well as southern and central Michigan. This branch network forms the backbone of how Horizon Bancorp delivers its combined slate of banking, trust, and investment services to the communities it serves.
Horizon Bancorp traces its founding back to 1873 and keeps its main office in Michigan City, Indiana. Its shares are listed on the NASDAQ under the ticker HBNC.
- Listed
- NASDAQ
- Sector
- Finance
- Industry
- Regional banks
- Website
- horizonbank.com
Horizon Bancorp GekkoIndex: the smart money zone
Horizon Bancorp’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 60.8, in the Accumulation zone, up 1 point over five sessions.
60.8Accumulation
Up 1 point over five sessions, from the Neutral zone.
Reading for Oct 12, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 39 | +0.5% | +7.1% | ||
| Accumulation (current zone) | 201 | +0.7% | +3.9% | ||
| Neutral | 379 | +0.4% | +0.6% | ||
| Distribution | 55 | −0.8% | −2.3% | ||
| Selling | 8 | Too few readings yet | |||
Average HBNC share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the HBNC price, zone by zone.Track HBNC in Gekko
Is Horizon Bancorp stock overvalued? Gekko Fair Value
Horizon Bancorp trades 8.5% below Gekko Fair Value of $21.07, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Horizon Bancorp shares are worth, recalculated every trading day.
$21.07
Gekko Fair Value, Oct 10, 2026
8.5% Undervalued
At the end of Aug 2026 the price was 11.4% below the estimate.
Gekko Fair ValueShare price, month end
Gekko Fair Value on every chart, with the gap to price updating daily.Open HBNC in Gekko
Horizon Bancorp insider and Congress trading
No open-market insider purchases were filed for Horizon Bancorp, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in HBNC were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for HBNC, plotted on the chart in Gekko.Open HBNC in Gekko
Buybacks
Horizon Bancorp has been buying back its own shares.
- Bought back, quarter ended Dec 31, 2021
- $285K
- As a share of market cap
- 0.03%
From company filings.
Horizon Bancorp earnings: next date and track record
Horizon Bancorp reports on Oct 21, 2026, before the open (9 days away), and beat the EPS estimate in 7 of its last 8 reports.
Next earnings report
Oct 21, 2026
Expected before the open, 9 days away
- EPS estimate
- $0.54
- Revenue estimate
- $77.99M
7 of 8reports beat the EPS estimate
±4.1%average move across the report
5 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Jan 20, 2026 AI summary
- What they said
- Horizon Bancorp reports fourth-quarter 2025 results with continued strength in its core community-banking model. The company highlights Q4 outperformance versus prior estimates, sustained loan growth, solid credit quality, and a favorable deposit mix following a strategic shift away from high-cost, transactional deposits. Management raises guidance for 2026 NIM to the 4.25%-4.35% range and emphasizes durable earnings, disciplined capital deployment, and an emphasis on organic loan growth and relationship banking. The call includes a Q&A session where analysts probe margin drivers, fee income, capital deployment, and pipeline dynamics, with management generally positive about delayed or hedged effects of rate changes and the ability to fund growth through core deposits. Closing remarks reiterate optimism for 2026 and commitment to value creation for shareholders.
- Guidance
- Guidance provided includes 2026 net interest margin (NIM) outlook raised to 4.25%–4.35%. Expectation of higher NII with low-to-mid teens growth in net interest income and a modest expense delta. Expect continued organic loan growth funded by core deposits and a focus on deposit mix improvements, with targeted capital deployment remaining disciplined and accretive.
- Risks flagged
- Risks discussed include dependence on organic core deposit growth to fund commercial loan growth, potential variability in loan growth and pipeline, sensitivity to rate cuts and deposit betas, competition-driven pricing pressure, and macro/credit environment uncertainties. The company notes the need to manage deposit runoff and the potential impact of rate moves on NII, as well as potential talent/operational disruptions.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Jan 20, 2026 | $0.53 est $0.50 | $74.94M est $74.35M | +4.2% |
| Oct 22, 2025 | $0.30 est $0.46 | −$203.7M est $73.03M | −0.8% |
| Jul 23, 2025 | $0.47 est $0.44 | $65.04M est $67.70M | −3.0% |
| Apr 23, 2025 | $0.54 est $0.40 | $68.08M est $64.50M | +6.4% |
| Jan 22, 2025 | $0.65 est $0.37 | — | +3.0% |
| Oct 23, 2024 | $0.41 est $0.37 | $57.39M est $59.24M | +5.8% |
| Jul 24, 2024 | $0.32 est $0.31 | $54.73M est $55.21M | +6.1% |
| Apr 24, 2024 | $0.32 est $0.31 | $52.50M est $56.16M | −3.3% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Horizon Bancorp stock forecast and analyst price targets
Analysts’ average 12-month price target for Horizon Bancorp is $23.10, +19.9% from the last close, from 2 firms rating the stock in the last 90 days.
$23.10consensus 12-month target, +19.9% from the last close
Now $19.27Avg $23.10
Low $23High $24
Each firm’s latest rating in the last 90 days: 2 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Oct 2 | Piper Sandler | $24 | +24.5% |
| Jul 24 | KBW | $23 | +19.4% |
| Jul 24 | Piper Sandler | $23 | +19.4% |
+3.9%average 20-day move after past Accumulation readings
+5.1%average move over the next 20 trading days in the last 5 years
±2%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Horizon Bancorp seasonality: the next 20 trading days
Over the next 20 trading days from Oct 10, Horizon Bancorp averaged +5.1% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +3.0% | 4 of 5 |
| Next 10 trading days | +3.0% | 4 of 5 |
| Next 15 trading days | −1.6% | 3 of 5 |
| Next 20 trading days | +5.1% | 3 of 5 |
| Next 30 trading days | +6.7% | 4 of 5 |
For scale, HBNC’s typical 20-trading-day move in either direction is about 5.6%.
Horizon Bancorp market cap and key statistics
Horizon Bancorp’s market cap is $989.1M and revenue of −$12.38M over the last twelve months.
Valuation
- Market cap
- $989.1M
- Forward P/E
- 11.1
- EPS, TTM
- −$2.99
- Gekko Fair Value
- $21.07
Trading
- Volume
- 439,575
- Avg volume, 20 days
- 669,358
- 52-week high
- $21.04
- 52-week low
- $14.97
- Shares outstanding
- 51.35M
Financials
- Revenue, TTM
- −$12.38M
- Profit margin
- 0%
- Return on equity
- -19%
- Quarterly earnings growth, YoY
- +3.7%
Risk and income
- Beta
- 0.83
- Typical daily move
- ±2%
- Typical 20-day move
- ±5.6%
- Dividend yield
- 3.32%
Horizon Bancorp stock news this week
1 headline about Horizon Bancorp from the past week, newest first, each linking to the publisher.
- Horizon Bancorp (IN) Q3 2026 Earnings Date and EstimatesMarketBeat, Oct 10
Horizon Bancorp peers
Horizon Bancorp’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| CMCanadian Imperial Bank of Commerce | Accumulation | 5.7% below |
| USBU.S. Bancorp | Accumulation | 11.0% below |
| NUNu | Neutral | 0.7% below |
| TFCTruist Financial | Accumulation | 9.6% below |
| FITBFifth Third Bancorp | Accumulation | 11.2% below |
| MTBM&T Bank | Accumulation | 9.1% below |
A peer links to its own page where one exists.
Horizon Bancorp stock FAQ
What is Horizon Bancorp’s market cap?
Horizon Bancorp’s market cap is $989.1M at the Oct 12, 2026 close of $19.27, with 51.35M shares outstanding.
What is the Horizon Bancorp stock forecast?
The consensus analyst 12-month price target for Horizon Bancorp is $23.10, +19.9% from the last close. Of the 2 firms that rated the stock in the last 90 days, 2 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Horizon Bancorp stock overvalued or undervalued?
On Gekko’s estimate Horizon Bancorp is undervalued: the Oct 12, 2026 close of $19.27 is 8.5% below Gekko Fair Value of $21.07. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Horizon Bancorp report earnings next?
Horizon Bancorp is expected to report on Oct 21, 2026, before the market opens (9 days away). Analysts expect earnings of $0.54 per share on revenue of $77.99M. Horizon Bancorp beat the earnings estimate in 7 of its last 8 reports, moving 4.1% on average across the report.
What is Horizon Bancorp’s 52-week high and low?
Horizon Bancorp’s 52-week high is $21.04 and its 52-week low is $14.97; it closed at $19.27 on Oct 12, 2026, +23.8% over the past year. Over the last five years the shares peaked at $23.80 on Jan 18, 2022.
Is Horizon Bancorp stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and seasonality), 1 as mixed (trend) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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