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Upturn AI SWOT - About
HBNC 
Horizon Bancorp (HBNC)
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Upturn Advisory Summary
04/01/2025: HBNC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -33.8% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 665.50M USD | Price to earnings Ratio 18.9 | 1Y Target Price 19.7 |
Price to earnings Ratio 18.9 | 1Y Target Price 19.7 | ||
Volume (30-day avg) 171931 | Beta 1.05 | 52 Weeks Range 10.80 - 18.99 | Updated Date 04/1/2025 |
52 Weeks Range 10.80 - 18.99 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 4.24% | Basic EPS (TTM) 0.8 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 19.03% | Operating Margin (TTM) -86.5% |
Management Effectiveness
Return on Assets (TTM) 0.45% | Return on Equity (TTM) 4.78% |
Valuation
Trailing PE 18.9 | Forward PE 11.05 | Enterprise Value 1716571392 | Price to Sales(TTM) 3.57 |
Enterprise Value 1716571392 | Price to Sales(TTM) 3.57 | ||
Enterprise Value to Revenue 10.25 | Enterprise Value to EBITDA - | Shares Outstanding 44014500 | Shares Floating 42301021 |
Shares Outstanding 44014500 | Shares Floating 42301021 | ||
Percent Insiders 2.51 | Percent Institutions 71.52 |
Analyst Ratings
Rating 4 | Target Price 19.7 | Buy - | Strong Buy 3 |
Buy - | Strong Buy 3 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Horizon Bancorp
Company Overview
History and Background
Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana. It has grown through organic expansion and acquisitions to become a leading community bank in northern and central Indiana and southwest Michigan.
Core Business Areas
- Community Banking: Offers a range of deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. Provides loans to individuals and businesses, including commercial real estate, residential mortgages, and consumer loans.
- Wealth Management: Provides financial planning, investment management, and trust services to individuals and businesses.
Leadership and Structure
Craig M. Dwight serves as the Chairman and Chief Executive Officer. The organizational structure includes executive leadership overseeing various departments such as retail banking, commercial lending, and wealth management.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Provides financing for commercial properties. Market share data is not publicly available; competition includes regional and national banks. Competitors are First Merchants Corporation (FRME), Old National Bancorp (ONB).
- Residential Mortgages: Offers mortgage loans for home purchases and refinances. Market share data is not publicly available; competition includes mortgage companies and other banks. Competitors are Rocket Mortgage, Guaranteed Rate.
- Small Business Loans (SBA): Provides SBA-backed loans to small businesses. Market share data is not publicly available, but SBA lending is competitive among community banks. Competitors are Huntington Bancshares (HBAN), Fifth Third Bancorp (FITB).
Market Dynamics
Industry Overview
The banking industry is currently navigating a complex environment characterized by fluctuating interest rates, increasing regulatory scrutiny, and technological advancements. Community banks face competition from larger national banks and fintech companies.
Positioning
Horizon Bancorp is positioned as a community bank focused on providing personalized service and local expertise. Its competitive advantages include strong relationships with customers and a deep understanding of the local markets it serves.
Total Addressable Market (TAM)
The TAM for community banking services in Horizon's geographic area is estimated to be in the billions of dollars annually. Horizon Bancorp aims to capture a larger share of this TAM through strategic growth initiatives.
Upturn SWOT Analysis
Strengths
- Strong local presence
- Experienced management team
- Diversified loan portfolio
- Customer-focused approach
Weaknesses
- Limited geographic reach compared to larger banks
- Dependence on interest income
- Smaller technology budget than larger competitors
Opportunities
- Expansion into new markets
- Increased adoption of digital banking services
- Strategic acquisitions
- Growing demand for community banking
Threats
- Increased competition from larger banks and fintech companies
- Rising interest rates
- Economic downturn
- Regulatory changes
Competitors and Market Share
Key Competitors
- FRME
- HBAN
- ONB
- MBWM
Competitive Landscape
Horizon Bancorp faces competition from larger regional and national banks, as well as smaller community banks. It differentiates itself through personalized service and local expertise.
Major Acquisitions
Salin Bank and Trust Company
- Year: 2018
- Acquisition Price (USD millions): 137.3
- Strategic Rationale: Expanded Horizon Bank's presence into new markets in Indiana.
Growth Trajectory and Initiatives
Historical Growth: Historically, Horizon Bancorp has grown through organic expansion and strategic acquisitions.
Future Projections: Future growth projections are dependent on market conditions and strategic initiatives.
Recent Initiatives: Recent initiatives include expanding digital banking services and increasing commercial lending activities.
Summary
Horizon Bancorp is a community bank with a strong local presence, focused on providing personalized service. It faces competition from larger banks and must adapt to technological changes. Recent acquisitions and digital initiatives support growth, but economic conditions present potential challenges. Its success depends on maintaining customer relationships and adapting to the evolving banking landscape.
Similar Companies
FRME
First Merchants Corporation
FRME
First Merchants Corporation
HBAN
Huntington Bancshares Incorporated
HBAN
Huntington Bancshares Incorporated
MBWM
Mercantile Bank Corporation
MBWM
Mercantile Bank Corporation
ONB
Old National Bancorp
ONB
Old National Bancorp
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Financial News Articles
- Third-Party Financial Data Providers
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market share estimates are approximate and may vary based on different sources.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Horizon Bancorp
Exchange NASDAQ | Headquaters Michigan City, IN, United States | ||
IPO Launch date 2001-12-17 | CEO, President & Director Mr. Thomas M. Prame | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 841 | Website https://www.horizonbank.com |
Full time employees 841 | Website https://www.horizonbank.com | ||
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, and time deposits, as well as non-interest- and interest-bearing demand deposits. It also provides commercial, residential real estate, mortgage warehouse Loans, consumer loans, land and home equity, auto, and agriculture loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; debit and credit cards; treasury management; trust and wealth management services; retirement plans; and sells various insurance products. It operates through full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
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