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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 : 5/10

vs
industry
vs
history
Cash-to-Debt 0.23
HBNC's Cash-to-Debt is ranked lower than
86% of the 1592 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.23 vs. HBNC: 0.23 )
Ranked among companies with meaningful Cash-to-Debt only.
HBNC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.22 Max: 1.1
Current: 0.23
0.05
1.1
Equity-to-Asset 0.11
HBNC's Equity-to-Asset is ranked higher than
59% of the 1591 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. HBNC: 0.11 )
Ranked among companies with meaningful Equity-to-Asset only.
HBNC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04  Med: 0.08 Max: 0.11
Current: 0.11
0.04
0.11
Interest Coverage 1.59
HBNC's Interest Coverage is ranked lower than
52% of the 1515 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.69 vs. HBNC: 1.59 )
Ranked among companies with meaningful Interest Coverage only.
HBNC' s Interest Coverage Range Over the Past 10 Years
Min: 0.26  Med: 1.3 Max: 2.01
Current: 1.59
0.26
2.01
Beneish M-Score: -2.17
WACC vs ROIC
6.05%
3.40%
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 : 4/10

vs
industry
vs
history
Operating Margin % 26.39
HBNC's Operating Margin % is ranked lower than
63% of the 1606 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.37 vs. HBNC: 26.39 )
Ranked among companies with meaningful Operating Margin % only.
HBNC' s Operating Margin % Range Over the Past 10 Years
Min: 17.9  Med: 25.36 Max: 32.72
Current: 26.39
17.9
32.72
Net Margin % 19.29
HBNC's Net Margin % is ranked lower than
62% of the 1605 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.70 vs. HBNC: 19.29 )
Ranked among companies with meaningful Net Margin % only.
HBNC' s Net Margin % Range Over the Past 10 Years
Min: 14.59  Med: 19.06 Max: 22.85
Current: 19.29
14.59
22.85
ROE % 7.98
HBNC's ROE % is ranked lower than
55% of the 1603 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.58 vs. HBNC: 7.98 )
Ranked among companies with meaningful ROE % only.
HBNC' s ROE % Range Over the Past 10 Years
Min: 7.1  Med: 9.92 Max: 13.59
Current: 7.98
7.1
13.59
ROA % 0.82
HBNC's ROA % is ranked lower than
56% of the 1612 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. HBNC: 0.82 )
Ranked among companies with meaningful ROA % only.
HBNC' s ROA % Range Over the Past 10 Years
Min: 0.66  Med: 0.85 Max: 1.15
Current: 0.82
0.66
1.15
3-Year Revenue Growth Rate -1.50
HBNC's 3-Year Revenue Growth Rate is ranked lower than
76% of the 1354 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.20 vs. HBNC: -1.50 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
HBNC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -10.4  Med: 7.1 Max: 69.2
Current: -1.5
-10.4
69.2
3-Year EBITDA Growth Rate -5.50
HBNC's 3-Year EBITDA Growth Rate is ranked lower than
81% of the 1256 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.40 vs. HBNC: -5.50 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
HBNC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -7.5  Med: 4.45 Max: 24.8
Current: -5.5
-7.5
24.8
3-Year EPS without NRI Growth Rate -6.30
HBNC's 3-Year EPS without NRI Growth Rate is ranked lower than
81% of the 1226 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.40 vs. HBNC: -6.30 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
HBNC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -23.4  Med: 7.1 Max: 50.7
Current: -6.3
-23.4
50.7
GuruFocus has detected 6 Warning Signs with Horizon Bancorp (IN) $HBNC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» HBNC's 10-Y Financials

Financials (Next Earnings Date: 2017-04-25 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

HBNC Guru Trades in Q1 2016

Jim Simons 140,150 sh (+2.15%)
Keeley Asset Management Corp 11,000 sh (-8.33%)
» More
Q2 2016

HBNC Guru Trades in Q2 2016

Jim Simons 158,155 sh (+12.85%)
Keeley Asset Management Corp 11,067 sh (+0.61%)
» More
Q3 2016

HBNC Guru Trades in Q3 2016

Keeley Asset Management Corp 16,620 sh (+50.18%)
Jim Simons 189,120 sh (+19.58%)
» More
Q4 2016

HBNC Guru Trades in Q4 2016

Keeley Asset Management Corp Sold Out
Jim Simons 240,170 sh (-15.34%)
» 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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Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6021
Compare:NAS:THFF, NAS:PEBO, NAS:CACB, NAS:LION, NAS:MBWM, NAS:QCRH, NAS:PCBK, NAS:MSBI, NAS:HTBK, NAS:PGC, NYSE:OFG, NAS:FLIC, NAS:FFWM, NAS:PSTB, AMEX:BHB, NYSE:FSB, NAS:GNBC, NAS:BMTC, NAS:TSC, NAS:SGBK » details
Headquarter Location:USA
Horizon Bancorp (IN) is a bank holding company. It provides various banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. and other affiliated entities.

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.

Ratios

vs
industry
vs
history
PE Ratio 18.72
HBNC's PE Ratio is ranked lower than
68% of the 1510 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.59 vs. HBNC: 18.72 )
Ranked among companies with meaningful PE Ratio only.
HBNC' s PE Ratio Range Over the Past 10 Years
Min: 4.15  Med: 9.86 Max: 20.04
Current: 18.72
4.15
20.04
Forward PE Ratio 15.06
HBNC's Forward PE Ratio is ranked lower than
60% of the 839 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.93 vs. HBNC: 15.06 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 18.72
HBNC's PE Ratio without NRI is ranked lower than
68% of the 1477 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.63 vs. HBNC: 18.72 )
Ranked among companies with meaningful PE Ratio without NRI only.
HBNC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 4.17  Med: 9.85 Max: 20
Current: 18.72
4.17
20
Price-to-Owner-Earnings 32.72
HBNC's Price-to-Owner-Earnings is ranked lower than
89% of the 882 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.21 vs. HBNC: 32.72 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
HBNC' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 2.19  Med: 9.36 Max: 126.42
Current: 32.72
2.19
126.42
PB Ratio 1.70
HBNC's PB Ratio is ranked lower than
77% of the 1611 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 vs. HBNC: 1.70 )
Ranked among companies with meaningful PB Ratio only.
HBNC' s PB Ratio Range Over the Past 10 Years
Min: 0.44  Med: 1.13 Max: 1.82
Current: 1.7
0.44
1.82
PS Ratio 4.50
HBNC's PS Ratio is ranked lower than
70% of the 1586 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.40 vs. HBNC: 4.50 )
Ranked among companies with meaningful PS Ratio only.
HBNC' s PS Ratio Range Over the Past 10 Years
Min: 0.66  Med: 1.91 Max: 4.81
Current: 4.5
0.66
4.81
Price-to-Free-Cash-Flow 20.19
HBNC's Price-to-Free-Cash-Flow is ranked lower than
79% of the 870 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.33 vs. HBNC: 20.19 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
HBNC' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 1.77  Med: 6.14 Max: 23.55
Current: 20.19
1.77
23.55
Price-to-Operating-Cash-Flow 19.41
HBNC's Price-to-Operating-Cash-Flow is ranked lower than
83% of the 940 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.82 vs. HBNC: 19.41 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
HBNC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.58  Med: 5.08 Max: 132.54
Current: 19.41
1.58
132.54
EV-to-EBIT 24.95
HBNC's EV-to-EBIT is ranked lower than
82% of the 1668 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.52 vs. HBNC: 24.95 )
Ranked among companies with meaningful EV-to-EBIT only.
HBNC' s EV-to-EBIT Range Over the Past 10 Years
Min: 13.8  Med: 26.5 Max: 44.5
Current: 24.95
13.8
44.5
EV-to-EBITDA 21.48
HBNC's EV-to-EBITDA is ranked lower than
80% of the 1685 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.29 vs. HBNC: 21.48 )
Ranked among companies with meaningful EV-to-EBITDA only.
HBNC' s EV-to-EBITDA Range Over the Past 10 Years
Min: 12.5  Med: 22 Max: 36
Current: 21.48
12.5
36
Shiller PE Ratio 21.07
HBNC's Shiller PE Ratio is ranked lower than
51% of the 479 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 20.93 vs. HBNC: 21.07 )
Ranked among companies with meaningful Shiller PE Ratio only.
HBNC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 4.96  Med: 13.15 Max: 22.58
Current: 21.07
4.96
22.58

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.60
HBNC's Dividend Yield % is ranked lower than
76% of the 2319 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.69 vs. HBNC: 1.60 )
Ranked among companies with meaningful Dividend Yield % only.
HBNC' s Dividend Yield % Range Over the Past 10 Years
Min: 1.46  Med: 2.25 Max: 6.02
Current: 1.6
1.46
6.02
Dividend Payout Ratio 0.34
HBNC's Dividend Payout Ratio is ranked lower than
53% of the 1315 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. HBNC: 0.34 )
Ranked among companies with meaningful Dividend Payout Ratio only.
HBNC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.16  Med: 0.24 Max: 0.35
Current: 0.34
0.16
0.35
3-Year Dividend Growth Rate 13.60
HBNC's 3-Year Dividend Growth Rate is ranked higher than
67% of the 768 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. HBNC: 13.60 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
HBNC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 7.4 Max: 18
Current: 13.6
0
18
Forward Dividend Yield % 1.68
HBNC's Forward Dividend Yield % is ranked lower than
77% of the 2248 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.73 vs. HBNC: 1.68 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 3.19
HBNC's 5-Year Yield-on-Cost % is ranked lower than
52% of the 2649 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.31 vs. HBNC: 3.19 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
HBNC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.95  Med: 4.57 Max: 12.16
Current: 3.19
2.95
12.16
3-Year Average Share Buyback Ratio -19.60
HBNC's 3-Year Average Share Buyback Ratio is ranked lower than
89% of the 1042 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.80 vs. HBNC: -19.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
HBNC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -19.6  Med: -0.8 Max: 3.8
Current: -19.6
-19.6
3.8

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.28
HBNC's Price-to-Tangible-Book is ranked lower than
84% of the 1576 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.27 vs. HBNC: 2.28 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
HBNC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.57  Med: 1.32 Max: 2.44
Current: 2.28
0.57
2.44
Price-to-Intrinsic-Value-Projected-FCF 1.05
HBNC's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
74% of the 869 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.78 vs. HBNC: 1.05 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
HBNC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.23  Med: 0.64 Max: 1.12
Current: 1.05
0.23
1.12
Price-to-Median-PS-Value 2.36
HBNC's Price-to-Median-PS-Value is ranked lower than
95% of the 1462 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.14 vs. HBNC: 2.36 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
HBNC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.41  Med: 1.06 Max: 11.75
Current: 2.36
0.41
11.75
Price-to-Graham-Number 1.50
HBNC's Price-to-Graham-Number is ranked lower than
85% of the 1364 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.96 vs. HBNC: 1.50 )
Ranked among companies with meaningful Price-to-Graham-Number only.
HBNC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.34  Med: 0.8 Max: 1.6
Current: 1.5
0.34
1.6
Earnings Yield (Greenblatt) % 4.01
HBNC's Earnings Yield (Greenblatt) % is ranked lower than
62% of the 2207 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.95 vs. HBNC: 4.01 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
HBNC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 2.2  Med: 3.8 Max: 7.2
Current: 4.01
2.2
7.2
Forward Rate of Return (Yacktman) % 3.19
HBNC's Forward Rate of Return (Yacktman) % is ranked lower than
74% of the 890 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.45 vs. HBNC: 3.19 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
HBNC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 2.8  Med: 21.4 Max: 40.3
Current: 3.19
2.8
40.3

More Statistics

Revenue (TTM) (Mil) $124.0
EPS (TTM) $ 1.40
Beta0.89
Short Percentage of Float0.82%
52-Week Range $15.83 - 28.63
Shares Outstanding (Mil)22.20

Analyst Estimate

Dec17 Dec18
Revenue (Mil $)
EPS ($) 1.74 1.90
EPS without NRI ($) 1.74 1.90
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 0.48 0.50
» 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 
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 

More From Other Websites
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