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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash to Debt 0.08
HBNC's Cash to Debt is ranked lower than
94% of the 972 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.45 vs. HBNC: 0.08 )
Ranked among companies with meaningful Cash to Debt only.
HBNC' s 10-Year Cash to Debt Range
Min: 0.01   Max: 1.84
Current: 0.08

0.01
1.84
Equity to Asset 0.09
HBNC's Equity to Asset is ranked lower than
61% of the 1285 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. HBNC: 0.09 )
Ranked among companies with meaningful Equity to Asset only.
HBNC' s 10-Year Equity to Asset Range
Min: 0.04   Max: 0.09
Current: 0.09

0.04
0.09
Interest Coverage 1.83
HBNC's Interest Coverage is ranked higher than
53% of the 1197 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.68 vs. HBNC: 1.83 )
Ranked among companies with meaningful Interest Coverage only.
HBNC' s 10-Year Interest Coverage Range
Min: 0.24   Max: 1.99
Current: 1.83

0.24
1.99
F-Score: 5
Z-Score: 0.26
WACC vs ROIC
5.54%
3.83%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 28.86
HBNC's Operating margin (%) is ranked higher than
50% of the 1348 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 29.14 vs. HBNC: 28.86 )
Ranked among companies with meaningful Operating margin (%) only.
HBNC' s 10-Year Operating margin (%) Range
Min: -201.04   Max: 32.72
Current: 28.86

-201.04
32.72
Net-margin (%) 21.23
HBNC's Net-margin (%) is ranked higher than
50% of the 1348 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.21 vs. HBNC: 21.23 )
Ranked among companies with meaningful Net-margin (%) only.
HBNC' s 10-Year Net-margin (%) Range
Min: -5.07   Max: 65.75
Current: 21.23

-5.07
65.75
ROE (%) 10.65
HBNC's ROE (%) is ranked higher than
67% of the 1345 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.23 vs. HBNC: 10.65 )
Ranked among companies with meaningful ROE (%) only.
HBNC' s 10-Year ROE (%) Range
Min: -1.46   Max: 14.91
Current: 10.65

-1.46
14.91
ROA (%) 0.99
HBNC's ROA (%) is ranked higher than
64% of the 1352 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.81 vs. HBNC: 0.99 )
Ranked among companies with meaningful ROA (%) only.
HBNC' s 10-Year ROA (%) Range
Min: -0.08   Max: 1.15
Current: 0.99

-0.08
1.15
ROC (Joel Greenblatt) (%) 53.37
HBNC's ROC (Joel Greenblatt) (%) is ranked lower than
60% of the 1334 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 75.42 vs. HBNC: 53.37 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
HBNC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -157.31   Max: 72.84
Current: 53.37

-157.31
72.84
Revenue Growth (3Y)(%) 1.50
HBNC's Revenue Growth (3Y)(%) is ranked lower than
51% of the 1133 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.70 vs. HBNC: 1.50 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
HBNC' s 10-Year Revenue Growth (3Y)(%) Range
Min: -10.4   Max: 69.5
Current: 1.5

-10.4
69.5
EBITDA Growth (3Y)(%) 4.90
HBNC's EBITDA Growth (3Y)(%) is ranked lower than
56% of the 986 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.40 vs. HBNC: 4.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
HBNC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -1.6   Max: 24.7
Current: 4.9

-1.6
24.7
EPS Growth (3Y)(%) 8.00
HBNC's EPS Growth (3Y)(%) is ranked lower than
53% of the 1002 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.10 vs. HBNC: 8.00 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
HBNC' s 10-Year EPS Growth (3Y)(%) Range
Min: 0.3   Max: 51
Current: 8

0.3
51
» HBNC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

HBNC Guru Trades in Q2 2014

John Keeley 11,500 sh (unchged)
Jim Simons 30,650 sh (-25.94%)
» More
Q3 2014

HBNC Guru Trades in Q3 2014

John Keeley 13,000 sh (+13.04%)
Jim Simons 31,548 sh (+2.93%)
» More
Q4 2014

HBNC Guru Trades in Q4 2014

Jim Simons 45,450 sh (+44.07%)
John Keeley 13,000 sh (unchged)
» More
Q1 2015

HBNC Guru Trades in Q1 2015

Jim Simons 74,548 sh (+64.02%)
John Keeley 13,000 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with HBNC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Ratios

vs
industry
vs
history
P/E(ttm) 11.50
HBNC's P/E(ttm) is ranked higher than
68% of the 1436 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.10 vs. HBNC: 11.50 )
Ranked among companies with meaningful P/E(ttm) only.
HBNC' s 10-Year P/E(ttm) Range
Min: 4.15   Max: 14.29
Current: 11.5

4.15
14.29
Forward P/E 9.88
HBNC's Forward P/E is ranked higher than
71% of the 1316 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.14 vs. HBNC: 9.88 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 11.70
HBNC's PE(NRI) is ranked higher than
67% of the 1210 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.10 vs. HBNC: 11.70 )
Ranked among companies with meaningful PE(NRI) only.
HBNC' s 10-Year PE(NRI) Range
Min: 4.16   Max: 14.22
Current: 11.7

4.16
14.22
P/B 1.20
HBNC's P/B is ranked lower than
57% of the 1634 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. HBNC: 1.20 )
Ranked among companies with meaningful P/B only.
HBNC' s 10-Year P/B Range
Min: 0.44   Max: 1.89
Current: 1.2

0.44
1.89
P/S 2.40
HBNC's P/S is ranked higher than
63% of the 2101 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.90 vs. HBNC: 2.40 )
Ranked among companies with meaningful P/S only.
HBNC' s 10-Year P/S Range
Min: 0.66   Max: 5.58
Current: 2.4

0.66
5.58
PFCF 11.50
HBNC's PFCF is ranked lower than
53% of the 1116 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.80 vs. HBNC: 11.50 )
Ranked among companies with meaningful PFCF only.
HBNC' s 10-Year PFCF Range
Min: 2   Max: 26.13
Current: 11.5

2
26.13
POCF 8.62
HBNC's POCF is ranked higher than
54% of the 961 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.38 vs. HBNC: 8.62 )
Ranked among companies with meaningful POCF only.
HBNC' s 10-Year POCF Range
Min: 1.58   Max: 130.27
Current: 8.62

1.58
130.27
EV-to-EBIT 24.64
HBNC's EV-to-EBIT is ranked lower than
77% of the 1371 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.34 vs. HBNC: 24.64 )
Ranked among companies with meaningful EV-to-EBIT only.
HBNC' s 10-Year EV-to-EBIT Range
Min: 13.8   Max: 72.8
Current: 24.64

13.8
72.8
PEG 1.67
HBNC's PEG is ranked lower than
66% of the 513 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.11 vs. HBNC: 1.67 )
Ranked among companies with meaningful PEG only.
HBNC' s 10-Year PEG Range
Min: 0.25   Max: 19.35
Current: 1.67

0.25
19.35
Shiller P/E 12.60
HBNC's Shiller P/E is ranked higher than
74% of the 1029 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.00 vs. HBNC: 12.60 )
Ranked among companies with meaningful Shiller P/E only.
HBNC' s 10-Year Shiller P/E Range
Min: 4.44   Max: 20.28
Current: 12.6

4.44
20.28
Days Sales Outstanding 32.59
HBNC's Days Sales Outstanding is ranked higher than
53% of the 771 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 34.67 vs. HBNC: 32.59 )
Ranked among companies with meaningful Days Sales Outstanding only.
HBNC' s 10-Year Days Sales Outstanding Range
Min: 31.37   Max: 145.33
Current: 32.59

31.37
145.33

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.20
HBNC's Dividend Yield is ranked lower than
60% of the 2101 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.50 vs. HBNC: 2.20 )
Ranked among companies with meaningful Dividend Yield only.
HBNC' s 10-Year Dividend Yield Range
Min: 1.57   Max: 6.11
Current: 2.2

1.57
6.11
Dividend Payout 0.26
HBNC's Dividend Payout is ranked higher than
62% of the 1297 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.32 vs. HBNC: 0.26 )
Ranked among companies with meaningful Dividend Payout only.
HBNC' s 10-Year Dividend Payout Range
Min: 0.08   Max: 0.42
Current: 0.26

0.08
0.42
Dividend growth (3y) 17.90
HBNC's Dividend growth (3y) is ranked higher than
71% of the 623 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. HBNC: 17.90 )
Ranked among companies with meaningful Dividend growth (3y) only.
HBNC' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 34.8
Current: 17.9

0
34.8
Yield on cost (5-Year) 3.95
HBNC's Yield on cost (5-Year) is ranked higher than
63% of the 2099 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.00 vs. HBNC: 3.95 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
HBNC' s 10-Year Yield on cost (5-Year) Range
Min: 2.69   Max: 10.48
Current: 3.95

2.69
10.48
Share Buyback Rate -7.60
HBNC's Share Buyback Rate is ranked lower than
74% of the 917 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.40 vs. HBNC: -7.60 )
Ranked among companies with meaningful Share Buyback Rate only.
HBNC' s 10-Year Share Buyback Rate Range
Min: 11.8   Max: -21.6
Current: -7.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.40
HBNC's Price/Tangible Book is ranked lower than
57% of the 1633 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.30 vs. HBNC: 1.40 )
Ranked among companies with meaningful Price/Tangible Book only.
HBNC' s 10-Year Price/Tangible Book Range
Min: 0.48   Max: 2.67
Current: 1.4

0.48
2.67
Price/DCF (Projected) 0.60
HBNC's Price/DCF (Projected) is ranked higher than
62% of the 956 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.70 vs. HBNC: 0.60 )
Ranked among companies with meaningful Price/DCF (Projected) only.
HBNC' s 10-Year Price/DCF (Projected) Range
Min: 0.08   Max: 1.59
Current: 0.6

0.08
1.59
Price/Median PS Value 1.30
HBNC's Price/Median PS Value is ranked lower than
67% of the 1616 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. HBNC: 1.30 )
Ranked among companies with meaningful Price/Median PS Value only.
HBNC' s 10-Year Price/Median PS Value Range
Min: 0.34   Max: 21.87
Current: 1.3

0.34
21.87
Price/Peter Lynch Fair Value 1.30
HBNC's Price/Peter Lynch Fair Value is ranked lower than
62% of the 472 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 vs. HBNC: 1.30 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
HBNC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.25   Max: 1.96
Current: 1.3

0.25
1.96
Price/Graham Number 0.80
HBNC's Price/Graham Number is ranked higher than
64% of the 1425 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. HBNC: 0.80 )
Ranked among companies with meaningful Price/Graham Number only.
HBNC' s 10-Year Price/Graham Number Range
Min: 0.25   Max: 1.49
Current: 0.8

0.25
1.49
Earnings Yield (Greenblatt) 4.10
HBNC's Earnings Yield (Greenblatt) is ranked lower than
70% of the 1505 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.80 vs. HBNC: 4.10 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
HBNC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.4   Max: 7.2
Current: 4.1

1.4
7.2
Forward Rate of Return (Yacktman) 20.87
HBNC's Forward Rate of Return (Yacktman) is ranked higher than
62% of the 761 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.69 vs. HBNC: 20.87 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) only.
HBNC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -3.8   Max: 44.1
Current: 20.87

-3.8
44.1

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
Horizon Bancorp (IN) is a registered bank holding company incorporated in Indiana. It provides various banking services in Northwestern and Central Indiana and Southwestern Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities. The Company operates as a single segment, which is commercial banking. 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. The Bank grants commercial, real estate, and consumer loans to customers located mainly in Northwest Indiana and Southwest Michigan and provide mortgage warehouse lines to mortgage companies in the United States. The Bank competes with other commercial banks as well as with savings and loan associations, consumer finance companies and credit unions. It competes with Chicago money center banks, mortgage banking companies, insurance companies, brokerage houses, and other institutions engaged in money market financial services and certain government agencies. As a bank holding company, the Company is subject to regulations, supervision, and examination by the Board of Governors of the Federal Reserve System as its primary federal regulator. The Bank, as a nationally chartered bank, is subject to regulation, supervision and examination by the Office of the Comptroller of the Currency as its primary federal regulator and, as to certain matters, by the FRB and the Federal Deposit Insurance Corporation.
» More Articles for HBNC

Headlines

Articles On GuruFocus.com
Top Insider Buys of the Week all from the Finance Sector Jun 20 2014 
Insider Buying Escalated in Regional Banking Companies Apr 30 2013 
For Ten Consecutive Years This Mega-Cap Co. Has Raised Its Dividend Double Digits, Now Yields 5% Oct 01 2012 
comment on HBNC Apr 03 2012 
The Best Stocks With Dividend Growth From Last Week (March 19 - 25, 2012) Mar 25 2012 
Horizon Bancorp Reports Operating Results (10-K) Mar 11 2011 
Horizon Bancorp Reports Operating Results (10-Q) Nov 12 2010 
Horizon Bancorp Reports Operating Results (10-Q) May 13 2010 
Horizon Bancorp (HBNC) CFO Mark E Secor sells 1,450 Shares Feb 10 2010 
Horizon Bancorp Reports Operating Results (10-Q) Nov 12 2009 

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