HBNC (Horizon Bancorp (IN)) Momentum Rank : 6 (As of Dec. 12, 2024)

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What is Horizon Bancorp (IN) Momentum Rank?

Horizon Bancorp (IN) has the Momentum Rank of 6.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Horizon Bancorp (IN)'s Momentum Rank

For the Banks - Regional subindustry, Horizon Bancorp (IN)'s Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Horizon Bancorp (IN)'s Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Horizon Bancorp (IN)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Horizon Bancorp (IN)'s Momentum Rank falls into.

Horizon Bancorp (IN) Momentum Rank Related Terms

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Horizon Bancorp (IN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Horizon Bancorp (IN) (NAS:HBNC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

515 Franklin Street, Michigan City, IN, USA, 46360

Website

https://www.horizonbank.com

Horizon Bancorp (IN) is a United States-based holding company providing banking services. 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. The company has one principal business segment, commercial banking.

Executives

Mark E Secor	officer: Executive Vice President	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Kathie A Deruiter	officer: Executive Vice President	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Todd A. Etzler	officer: Executive Vice President & GC	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Lynn Kerber	officer: EVP & SCCO	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Susan D Aaron	director	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Vanessa Peterson Williams	director	999 WEST BIG BEAVER ROAD, TROY MI 48084-4716
Craig M Dwight	officer: Chief Executive Officer	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Thomas M Prame	officer: President	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Noe S Najera	officer: EVP, Sr. Retail & Mort Lending	515 FRANKLIN ST, MICHIGAN CITY IN 46360
Julie Scheck Freigang	director	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Michele M. Magnuson	director	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
James D Neff	officer: President	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Dennis Kuhn	officer: Executive Vice President	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
James B Dworkin	director	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Peter L Pairitz	director	515 FRANKLIN STREET, MICHIGAN CITY IN 46360