HBNC
Horizon Bancorp, Inc.
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Buy
+33/100
Last price
19.31
▲ 0.07 (0.36%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
19.34
Prev close
19.24
Day high
19.52
Day low
19.29
Volume
598.79K
Market cap
$991.46M
P/E (TTM)
—
52W range
14.97 – 21.04
Day trading desk
Gap from prior close
+0.52%
Prior close 19.24
VWAP
19.34
-0.14% from price
Relative volume
1.80×
Unusually busy
Session range
1.19%
19.29 – 19.52
Position in range
9%
Near session low
ATR (14D)
0.36
1.89% of price
Prior day high
19.50
PDH
Prior day low
19.18
PDL
Bid / ask spread
—
Quote not published
Session volume
1.04M
Avg 579.29K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+2.39%
+0.4%
1M
-3.01%
-4.2%
3M
+0.05%
-4.5%
6M
+14.06%
-4.1%
YTD
+13.86%
-0.4%
1Y
+21.60%
+5.2%
3Y
+80.81%
-1.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on HBNC open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+18.78K
Net buying
Buy transactions
14
26.78K shares
Sell transactions
1
8.00K shares
Net transactions
+15
Buys less sells
Sell : buy shares
0.3 : 1
Mixed
Insider-held shares
1.15M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 26, 26 | SULERZYSKI CHARLES W Director |
STOCK | 1.22K | $25.01K | Indirect |
| Aug 26, 26 | WALKER BRIAN C Director |
STOCK | 306 | $6.26K | Direct |
| Aug 26, 26 | MAGNUSON MICHELE M Director |
STOCK | 306 | $6.26K | Indirect |
| Aug 26, 26 | BLACKHURST ERIC P Director |
STOCK | 306 | $6.26K | Direct |
| Aug 26, 26 | MAGNESEN LARRY S. Director |
STOCK | 306 | $6.26K | Direct |
| Aug 26, 26 | MAASS BRIAN W. Director |
STOCK | 306 | $6.26K | Direct |
| Aug 26, 26 | WILLIAMS VANESSA PETERSON Director |
STOCK | 306 | $6.26K | Direct |
| Aug 26, 26 | SAMUELS MICHELE ANNETTE Director |
STOCK | 306 | $6.26K | Direct |
| Aug 26, 26 | RITTER NICHOLAS J. Director |
STOCK | 1.22K | $25.01K | Direct |
| Jul 27, 26 | DERUITER KATHIE A Officer |
SELL | 8.00K | $161.52K | Direct |
| Jul 2, 26 | BLACKHURST ERIC P Director |
STOCK | 322 | $6.47K | Direct |
| Jul 2, 26 | MAASS BRIAN W. Director |
STOCK | 332 | $6.67K | Direct |
| Jul 2, 26 | SAMUELS MICHELE ANNETTE Director |
STOCK | 332 | $6.67K | Direct |
| May 20, 26 | STEWART JOHN R. Chief Financial Officer |
STOCK | 19.90K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BLACKHURST ERIC P |
Director | 29.59K | Stock Award(Grant) |
DERUITER KATHIE A |
Officer | 50.35K | Sale |
DWIGHT CRAIG M |
Director | 517.08K | Stock Award(Grant) |
DWORKIN JAMES BARNET |
Director | 58.46K | Stock Award(Grant) |
ETZLER TODD A |
General Counsel | 32.26K | Stock Award(Grant) |
KERBER LYNN M |
Officer | 30.65K | Stock Award(Grant) |
MAGNUSON MICHELE M |
Director | — | Stock Award(Grant) |
PRAME THOMAS M |
Chief Executive Officer | 59.33K | Stock Award(Grant) |
SECOR MARK E |
Officer | 43.78K | Stock Award(Grant) |
STEWART JOHN R. |
Chief Financial Officer | 97.06K | Stock Award(Grant) |
Fundamentals
Market cap$991.46M
Enterprise value$1.15B
Revenue (TTM)$-12.38M
Gross profit$-12.38M
EBITDA—
Net income$-143.99M
EPS (TTM)$-2.95
Free cash flow—
Total cash$237.89M
Total debt$393.04M
Book value / share$14.15
Shares outstanding51.34M
Float50.19M
Short % of float3.98%
Dividend yield3.31%
Beta (5Y)0.83
Valuation & profitability ratios
Trailing P/E—
Forward P/E8.62
PEG ratio0.80
Price / sales—
Price / book1.37
EV / revenue-92.59
EV / EBITDA—
Gross margin0.00%
Operating margin43.47%
Profit margin0.00%
Return on equity-18.98%
Return on assets-2.02%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | -$31.31M | $187.50M | $182.76M | $241.56M | -116.7% |
| Operating revenue | -$31.31M | $187.50M | $182.76M | $241.56M | -116.7% |
| Selling, general & admin | $94.84M | $93.28M | $84.69M | $82.84M | +1.7% |
| Pre-tax income | -$201.15M | $27.35M | $39.00M | $105.58M | -835.5% |
| Tax provision | -$50.67M | -$8.08M | $11.02M | $12.18M | -527.2% |
| Net income | -$150.48M | $35.43M | $27.98M | $93.41M | -524.7% |
| Net income to common | -$150.48M | $35.43M | $27.98M | $93.41M | -524.7% |
| Basic EPS | -3.24 | 0.81 | 0.64 | 2.14 | -499.8% |
| Diluted EPS | -3.42 | 0.80 | 0.64 | 2.14 | -527.0% |
| Basic shares | 46.46M | 43.74M | 43.62M | 43.57M | +6.2% |
| Diluted shares | 46.64M | 44.29M | 43.84M | 43.70M | +5.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $139.46M | $294.17M | $528.50M | $126.32M | -52.6% |
| Accounts receivable | $29.73M | $39.75M | $38.71M | $35.29M | -25.2% |
| Property, plant & equipment | $92.81M | $93.86M | $94.58M | $92.68M | -1.1% |
| Goodwill & intangibles | $162.39M | $165.43M | $168.84M | $172.45M | -1.8% |
| Total assets | $6.44B | $7.80B | $7.94B | $7.87B | -17.5% |
| Long-term debt | $315.85M | $1.26B | $899.82M | $742.25M | -74.8% |
| Total debt | $315.85M | $1.26B | $899.82M | $742.25M | -74.8% |
| Total liabilities | $5.75B | $7.04B | $7.22B | $7.20B | -18.3% |
| Retained earnings | $255.00M | $436.12M | $429.02M | $429.38M | -41.5% |
| Shareholder equity | $688.25M | $763.58M | $718.81M | $677.38M | -9.9% |
| Net tangible assets | $525.86M | $598.15M | $549.98M | $504.93M | -12.1% |
| Shares issued | 50.98M | 43.72M | 44.11M | 43.94M | +16.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$150.48M | $35.43M | $27.98M | $93.41M | — | -524.7% |
| Depreciation & amortisation | $12.40M | $12.30M | $11.97M | $13.10M | — | +0.8% |
| Stock-based compensation | $1.62M | $4.59M | $3.59M | $2.48M | — | -64.7% |
| Change in working capital | $8.06M | -$11.75M | $4.98M | -$24.79M | — | +168.5% |
| Operating cash flow | $79.23M | $6.37M | $88.94M | $94.38M | — | +1,144.2% |
| Capital expenditure | -$4.96M | -$5.08M | -$7.78M | -$6.43M | — | +2.5% |
| Investing cash flow | $979.48M | -$52.78M | $329.52M | -$1.02B | — | +1,955.9% |
| Share buybacks | — | $0 | $0 | $0 | -$7.61M | — |
| Dividends paid | -$29.49M | -$28.33M | -$28.31M | -$27.77M | — | -4.1% |
| Financing cash flow | -$1.21B | -$186.68M | -$15.44M | $455.55M | — | -549.6% |
| Free cash flow | $74.28M | $1.28M | $81.16M | $87.95M | — | +5,684.7% |
| End cash position | $139.46M | $293.43M | $526.51M | $123.50M | — | -52.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $74.09M | $72.26M | $73.75M | -$238.19M | $65.04M | +2.5% |
| Operating revenue | $74.09M | $72.26M | $73.75M | -$238.19M | $65.04M | +2.5% |
| Selling, general & admin | $25.20M | $24.21M | $23.14M | $24.04M | $23.95M | +4.1% |
| Pre-tax income | $30.74M | $32.34M | $32.70M | -$286.33M | $24.40M | -4.9% |
| Tax provision | $5.84M | $6.18M | $5.77M | -$64.34M | $3.75M | -5.5% |
| Net income | $24.91M | $26.17M | $26.92M | -$221.99M | $20.64M | -4.8% |
| Net income to common | $24.91M | $26.17M | $26.92M | -$221.99M | $20.64M | -4.8% |
| Basic EPS | 0.49 | 0.51 | 0.53 | -4.69 | 0.47 | -3.9% |
| Diluted EPS | 0.49 | 0.51 | 0.53 | -4.69 | 0.47 | -3.9% |
| Basic shares | 51.08M | 50.99M | 50.98M | 47.31M | 43.79M | +0.2% |
| Diluted shares | 51.30M | 51.24M | 51.28M | 47.31M | 44.03M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $217.95M | $259.07M | $139.46M | $458.25M | $135.89M | -15.9% |
| Accounts receivable | $30.38M | $29.02M | $29.73M | $28.76M | $39.73M | +4.7% |
| Property, plant & equipment | $90.94M | $90.76M | $92.81M | $93.41M | $93.40M | +0.2% |
| Goodwill & intangibles | $161.04M | $161.72M | $162.39M | $163.10M | $163.80M | -0.4% |
| Total assets | $6.57B | $6.56B | $6.44B | $6.71B | $7.65B | +0.2% |
| Long-term debt | $379.09M | $315.83M | $315.85M | $458.82M | $1.09B | +20.0% |
| Total debt | $379.09M | $315.83M | $315.85M | $458.82M | $1.09B | +20.0% |
| Total liabilities | $5.85B | $5.87B | $5.75B | $6.05B | $6.86B | -0.3% |
| Retained earnings | $289.59M | $272.94M | $255.00M | $236.31M | $466.50M | +6.1% |
| Shareholder equity | $726.19M | $699.03M | $688.25M | $660.77M | $790.85M | +3.9% |
| Net tangible assets | $565.15M | $537.31M | $525.86M | $497.67M | $627.05M | +5.2% |
| Shares issued | 51.34M | 51.32M | 50.98M | 51.22M | 43.80M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $24.91M | $26.17M | $26.92M | -$221.99M | $20.64M | -4.8% |
| Depreciation & amortisation | $3.03M | $3.45M | $1.20M | $5.28M | $2.94M | -12.3% |
| Stock-based compensation | $528.00K | $556.00K | $457.00K | $318.00K | $387.00K | -5.0% |
| Change in working capital | $8.53M | -$5.22M | $90.74M | -$68.52M | -$7.12M | +263.3% |
| Operating cash flow | $33.17M | $20.76M | $33.57M | $10.91M | $19.50M | +59.8% |
| Capital expenditure | -$1.83M | -$56.00K | -$943.00K | -$1.51M | -$1.38M | -3,173.2% |
| Investing cash flow | -$47.53M | -$17.18M | -$46.27M | $1.04B | -$53.34M | -176.7% |
| Dividends paid | -$8.23M | -$8.23M | -$8.20M | -$7.08M | -$7.09M | -0.0% |
| Financing cash flow | -$26.76M | $116.03M | -$306.10M | -$730.80M | $2.09M | -123.1% |
| Free cash flow | $31.34M | $20.71M | $32.63M | $9.40M | $18.13M | +51.3% |
| End cash position | $217.95M | $259.07M | $139.46M | $458.25M | $137.92M | -15.9% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
12.50
-35.3% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
12.50
0 contracts
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.51 | 0.49 | -3.9% |
| Mar 2026 | 0.48 | 0.51 | +6.3% |
| Dec 2025 | 0.50 | 0.52 | +4.7% |
| Sep 2025 | 0.48 | 1.63 | +243.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.54 | 5 | $77.99M | +10.9% |
| Next quarter | 0.55 | 5 | $78.79M | +5.1% |
| Current year | 2.13 | 5 | $307.91M | +8.3% |
| Next year | 2.24 | 5 | $324.36M | +5.3% |
Analyst targets & ownership
Mean target$23.10
High target$24.00
Low target$22.50
Implied upside19.63%
Analyst count5
ConsensusSTRONG BUY
Strong buy / Buy2 / 3
Hold0
Sell / Strong sell0 / 0
Held by insiders2.24%
Held by institutions81.57%
Institutions holding286
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
19.14
+0.91% from price
SMA 20
19.35
-0.23% from price
SMA 50
19.80
-2.46% from price
SMA 100
19.56
-1.26% from price
SMA 200
18.46
+4.58% from price
EMA 12
19.24
+0.35% from price
EMA 26
19.40
-0.45% from price
EMA 50
19.52
-1.09% from price
RSI (14)
47.7
Neutral
MACD (12,26,9)
-0.15
Hist 0.03
ATR (14)
0.36
1.89% of price
Realised vol 30D
14.8%
Annualised
Bollinger upper
19.94
20, 2σ
Bollinger lower
18.77
20, 2σ
50 / 200 cross
Golden
19.80 vs 18.46
Trend bias
Above 200
+4.58%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.63
Less volatile than market
Correlation to SPY
0.32
Loosely linked
Realised vol 30D
14.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-16.6%
Peak to trough
Max drawdown 5Y
-67.0%
Peak to trough
ATR 14
0.36
1.89% of price
Beta (reported)
0.83
5Y monthly, from filing
Short interest
Shares short
2.02M
Prior 1.82M
Change vs prior
+11.0%
Shorts adding
% of float
3.98%
Normal
% of shares out
3.94%
Against total outstanding
Days to cover
4.5
Liquid
Float
50.19M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 2, 26 | Piper Sandler | UPGRADE | Neutral | Overweight |
| Jul 24, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jul 24, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jul 1, 26 | Stephens & Co. | MAINTAINED | Overweight | Overweight |
| Apr 27, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jan 23, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Sep 2, 25 | Stephens & Co. | MAINTAINED | Overweight | Overweight |
| Aug 26, 25 | Keefe, Bruyette & Woods | UPGRADE | Market Perform | Outperform |
| Jul 28, 25 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jul 25, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Apr 28, 25 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Apr 25, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
Dividends & splits
Forward rate$0.64 / yr
Forward yield3.31%
5-year avg yield3.92%
Payout ratio54.70%
Ex-dividend dateOct 2, 2026
Next pay dateOct 16, 2026
Last split3:2
Split dateJun 18, 2018
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-10-01
Corporate Changes & Voting Matters
8-K · 2026-09-16
Corporate Changes & Voting Matters
8-K · 2026-08-17
Annual Report of Proxy Voting Record of Registered Management Investment Companies filed on Form N-PX
N-PX · 2026-08-13
Periodic Financial Reports
10-Q · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-07-22
Corporate Changes & Voting Matters
8-K · 2026-07-01
Corporate Changes & Voting Matters
8-K · 2026-06-30
Headlines
3 Bank Stocks Built For Higher Money Market Yields
Simply Wall St. · 3d ago
Horizon Bancorp, Inc. Announces Conference Call to Review Third Quarter Results on October 22
GlobeNewswire · 4d ago
Horizon Bancorp Shares Rise After Piper Sandler Upgrade
MT Newswires · 4d ago
Piper Sandler Upgrades Horizon Bancorp to Overweight From Neutral, Adjusts PT to $24 From $23
MT Newswires · 5d ago
3 US Bank Stocks That Could Benefit If Interest Rates Stay Higher Longer
Simply Wall St. · 13d ago
Horizon Bank Appoints Nicholas Ritter and Charles Sulerzyski to Serve as Independent Directors
GlobeNewswire · 49d ago
How Investors Are Reacting To Horizon Bancorp (HBNC) Profit Rise Amid Higher Net Charge-Offs
Simply Wall St. · 69d ago
Horizon Bancorp (IN) (HBNC) Q2 2026 Earnings Call Highlights: Strong Loan Growth and Net ...
GuruFocus.com · 75d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.