NAS:HBNC (USA)

Horizon Bancorp (IN)

$ 15.91 0.17 (1.08%)
Volume: 53,372 Avg Vol (1m): 76,244
Market Cap $: 716.80 Mil Enterprise Value $: 440.65 Mil
P/E (TTM): 11.94 P/B: 1.01
Earnings Power Value 6.34
Net Current Asset Value 0
Tangible Book 11.12
Projected FCF 25.5
Median P/S Value 9.86
Graham Number 18.24
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 4/10

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.
Current vs industry vs history
Cash-to-Debt 0.20
Cash-To-Debt ranked lower than
89.24% of 1617 companies
in the Banks - Regional - US industry.
Industry Max: 2539500, Med: 1.43, Min: 0.01
HBNC: 0.2
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0.05, Med: 0.14, Max: 1.84
Current: 0.2
0.05
1.84
Equity-to-Asset 0.12
Equity-to-Asset ranked higher than
66.20% of 1627 companies
in the Banks - Regional - US industry.
Industry Max: 1, Med: 0.11, Min: -11.05
HBNC: 0.12
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.04, Med: 0.08, Max: 0.12
Current: 0.12
0.04
0.12
Debt-to-Equity 0.84
Debt-to-Equity ranked lower than
66.33% of 1393 companies
in the Banks - Regional - US industry.
Industry Max: 543.58, Med: 0.68, Min: 0.01
HBNC: 0.84
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.49, Med: 2.37, Max: 6.15
Current: 0.84
0.49
6.15
Debt-to-EBITDA 3.01
Debt-to-EBITDA ranked lower than
72.39% of 1416 companies
in the Banks - Regional - US industry.
Industry Max: 2306.11, Med: 1.79, Min: 0.01
HBNC: 3.01
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 0, Med: 0, Max: 3.01
Current: 3.01
0
3.01
Beneish M-Score -2.08
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 0%
WACC 8%

Profitability & Growth : 3/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Net Margin % 30.03
Net Margin ranked higher than
69.68% of 1639 companies
in the Banks - Regional - US industry.
Industry Max: 10754.72, Med: 25.15, Min: -234138
HBNC: 30.03
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: 14.59, Med: 20.1, Max: 31.43
Current: 30.03
14.59
31.43
ROE % 10.19
ROE ranked higher than
63.06% of 1638 companies
in the Banks - Regional - US industry.
Industry Max: 231.61, Med: 9.79, Min: -53900
HBNC: 10.19
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: 7.1, Med: 9.34, Max: 13.59
Current: 10.19
7.1
13.59
ROA % 1.19
ROA ranked higher than
66.69% of 1645 companies
in the Banks - Regional - US industry.
Industry Max: 54.28, Med: 1.01, Min: -205.98
HBNC: 1.19
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: 0.68, Med: 0.9, Max: 1.29
Current: 1.19
0.68
1.29
3-Year Total Revenue Growth Rate 17.90
3-Year Revenue Growth Rate ranked lower than
72.84% of 1513 companies
in the Banks - Regional - US industry.
Industry Max: 672.4, Med: 4.3, Min: -100
HBNC: 1.1
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -10.4, Med: 6.7, Max: 69.2
Current: 1.1
-10.4
69.2
3-Year EPS w/o NRI Growth Rate 18.00
3-Year EPS w/o NRI Growth Rate ranked lower than
54.30% of 1359 companies
in the Banks - Regional - US industry.
Industry Max: 804.5, Med: 5.3, Min: -214.9
HBNC: 18
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: 7.1, Max: 50.7
Current: 18
0
50.7

» HBNC's 30-Y Financials

Financials (Next Earnings Date: 2019-07-25)

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Business Description

Industry Banks » Banks - Regional - US    NAICS : 522110    SIC : 6021
Compare NAS:GABC NYSE:BY NAS:CBTX NAS:CTBI NAS:UVSP NAS:ORIT NAS:AMTBB NAS:TRST NAS:PFBC NAS:ABTX NAS:OPB NAS:NFBK NAS:BMTC NYSE:BANC NAS:CAC NAS:HAFC NAS:CNOB NAS:PEBO OTCPK:FBAK NAS:CARO
Traded in other countries
Address 515 Franklin Square, Michigan City, IN, USA, 46360
Horizon Bancorp (IN) is United States-based holding company providing banking services through its Horizon Bank N.A. It is engaged in providing commercial and retail banking services, corporate and individual trust and agency services, and other services incident to banking. The company also provides commercial loans, real estate loans, mortgage warehouse loans, consumer loans and other credit facilities. In addition, the company provides advances, loans, term loans, overdrafts for various business purposes such as business expansion, purchasing machinery and equipment, business mortgaged and others. Revenue generated by the company mainly consists of dividend received from the dividend received from Horizon Bank N.A.

Ratios

Current vs industry vs history
PE Ratio (TTM) 11.94
PE Ratio ranked lower than
52.22% of 1557 companies
in the Banks - Regional - US industry.
Industry Max: 625000, Med: 12.36, Min: 0.02
HBNC: 11.94
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 4.16, Med: 10.46, Max: 23.34
Current: 11.94
4.16
23.34
Forward PE Ratio 10.22
Forward P/E ranked higher than
50.72% of 487 companies
in the Banks - Regional - US industry.
Industry Max: 232.56, Med: 11.17, Min: 3.33
HBNC: 10.22
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 11.94
PE without NRI ranked lower than
51.57% of 1532 companies
in the Banks - Regional - US industry.
Industry Max: 625000, Med: 12.43, Min: 0.02
HBNC: 11.94
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 4.16, Med: 10.46, Max: 23.34
Current: 11.94
4.16
23.34
Price-to-Owner-Earnings 4.16
Price-to-Owner-Earnings ranked higher than
55.01% of 989 companies
in the Banks - Regional - US industry.
Industry Max: 2862049.23, Med: 12.46, Min: 0.01
HBNC: 4.16
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 2.19, Med: 10.38, Max: 123.89
Current: 4.16
2.19
123.89
PB Ratio 1.01
PB Ratio ranked lower than
68.32% of 1651 companies
in the Banks - Regional - US industry.
Industry Max: 339397.23, Med: 1.11, Min: 0
HBNC: 1.01
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 0.44, Med: 1.14, Max: 1.82
Current: 1.01
0.44
1.82
PS Ratio 3.63
PS Ratio ranked lower than
70.04% of 1649 companies
in the Banks - Regional - US industry.
Industry Max: 207056.49, Med: 3.01, Min: 0.01
HBNC: 3.63
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 0.66, Med: 2.24, Max: 5.08
Current: 3.63
0.66
5.08
Price-to-Free-Cash-Flow 4.06
Price-to-Free-Cash-Flow ranked higher than
58.05% of 882 companies
in the Banks - Regional - US industry.
Industry Max: 2338.98, Med: 10.27, Min: 0
HBNC: 4.06
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 1.78, Med: 7.27, Max: 23.31
Current: 4.06
1.78
23.31
Price-to-Operating-Cash-Flow 4.00
Price-to-Operating-Cash-Flow ranked higher than
54.43% of 948 companies
in the Banks - Regional - US industry.
Industry Max: 1945525.29, Med: 9.19, Min: 0.01
HBNC: 4
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 1.58, Med: 5.75, Max: 22.07
Current: 4
1.58
22.07
EV-to-Revenue 2.59
EV-to-Revenue ranked lower than
77.21% of 1325 companies
in the Banks - Regional - US industry.
Industry Max: 2007.65, Med: 3.55, Min: 0.02
HBNC: 2.59
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: -2.7, Med: 3.9, Max: 8.2
Current: 2.59
-2.7
8.2
Shiller PE Ratio 17.05
Shiller PE Ratio ranked lower than
56.10% of 672 companies
in the Banks - Regional - US industry.
Industry Max: 1946.36, Med: 17.52, Min: 0.06
HBNC: 17.05
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 5.14, Med: 14.58, Max: 25.22
Current: 17.05
5.14
25.22

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 2.50
Trailing Dividend Yield ranked lower than
64.79% of 2587 companies
in the Banks - Regional - US industry.
Industry Max: 266.3, Med: 2.92, Min: 0.01
HBNC: 2.5
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 1.47, Med: 2.24, Max: 6.15
Current: 2.5
1.47
6.15
Dividend Payout Ratio 0.30
Dividend Payout Ratio ranked higher than
57.25% of 1420 companies
in the Banks - Regional - US industry.
Industry Max: 186.51, Med: 0.33, Min: 0.01
HBNC: 0.3
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 0.16, Med: 0.28, Max: 0.35
Current: 0.3
0.16
0.35
3-Year Dividend Growth Rate (Per Share) 15.70
3-Year Dividend Growth Rate ranked higher than
70.91% of 880 companies
in the Banks - Regional - US industry.
Industry Max: 228.7, Med: 6, Min: -100
HBNC: 15.7
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
3-Year Dividend Growth Rate range over the past 10 years
Min: 0, Med: 7.4, Max: 18
Current: 15.7
0
18
Forward Dividend Yield % 2.54
Forward Dividend Yield ranked lower than
69.34% of 2534 companies
in the Banks - Regional - US industry.
Industry Max: 98, Med: 3.16, Min: 0.01
HBNC: 2.54
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 5.12
Yield-on-Cost (5y) ranked higher than
60.52% of 2561 companies
in the Banks - Regional - US industry.
Industry Max: 266.3, Med: 3.65, Min: 0.01
HBNC: 5.12
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 3.01, Med: 4.58, Max: 12.59
Current: 5.12
3.01
12.59
3-Year Share Buyback Rate -12.60
3-Year Share Buyback Rate ranked lower than
89.36% of 1137 companies
in the Banks - Regional - US industry.
Industry Max: 82.2, Med: -2.1, Min: -499.5
HBNC: -12.6
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -22.7, Med: -1, Max: 3.8
Current: -12.6
-22.7
3.8

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 1.43
Price-to-Tangible-Book ranked lower than
78.13% of 1669 companies
in the Banks - Regional - US industry.
Industry Max: 359582.88, Med: 1.2, Min: 0.01
HBNC: 1.43
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 0.48, Med: 1.39, Max: 2.44
Current: 1.43
0.48
2.44
Price-to-Projected-FCF 0.62
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
64.93% of 958 companies
in the Banks - Regional - US industry.
Industry Max: 460, Med: 0.76, Min: 0.01
HBNC: 0.62
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.22, Med: 0.68, Max: 1.24
Current: 0.62
0.22
1.24
Price-to-Median-PS-Value 1.61
Price-to-Median-PS-Value ranked lower than
92.32% of 1524 companies
in the Banks - Regional - US industry.
Industry Max: 186, Med: 1.02, Min: 0.03
HBNC: 1.61
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.29, Med: 0.94, Max: 11.15
Current: 1.61
0.29
11.15
Price-to-Graham-Number 0.87
Price-to-Graham-Number ranked lower than
68.97% of 1476 companies
in the Banks - Regional - US industry.
Industry Max: 99940.04, Med: 0.86, Min: 0
HBNC: 0.87
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 0.3, Med: 0.85, Max: 1.59
Current: 0.87
0.3
1.59

More Statistics

Revenue (TTM) (Mil) $ 170.25
EPS (TTM) $ 1.33
Beta 1.16
Volatility % 23.16
52-Week Range $ 14.79 - 22
Shares Outstanding (Mil) 45.05

Analyst Estimate

Piotroski F-Score Details