Horizon Bancorp (HBNC) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target
Horizon Bancorp stock (HBNC) is currently trading at $16.23. Horizon Bancorp PS ratio (Price-to-Sales) is 3.76. Analyst consensus price target for HBNC is $21.20. WallStSmart rates HBNC as Moderate Buy.
- HBNC PE ratio analysis and historical PE chart
- HBNC PS ratio (Price-to-Sales) history and trend
- HBNC intrinsic value — DCF, Graham Number, EPV models
- HBNC stock price prediction 2025 2026 2027 2028 2029 2030
- HBNC fair value vs current price
- HBNC insider transactions and insider buying
- Is HBNC undervalued or overvalued?
- Horizon Bancorp financial analysis — revenue, earnings, cash flow
- HBNC Piotroski F-Score and Altman Z-Score
- HBNC analyst price target and Smart Rating
Horizon Bancorp
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Smart Analysis
Horizon Bancorp (HBNC) · 9 metrics scored
Smart Score
Category Performance
WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.
Investment Thesis
Strong fundamentals in peg ratio, operating margin, price/book. Concerns around return on equity. Overall metrics suggest strong investment potential with favorable risk/reward.
Horizon Bancorp (HBNC) Key Strengths (6)
Growing significantly faster than its price suggests
Keeps $47 of every $100 in revenue after operating costs
Revenue surging 218.70% year-over-year
Earnings per share surging 46.90% year-over-year
80.52% of shares held by major funds and institutions
Trading at 1.18x book value, attractively priced
Supporting Valuation Data
Horizon Bancorp (HBNC) Areas to Watch (3)
Company is destroying shareholder value
Small-cap company with higher risk but more growth potential
Revenue is fairly priced at 3.76x sales
Horizon Bancorp (HBNC) Detailed Analysis Report
Overall Assessment
This company scores 69/100 in our Smart Analysis, earning a B- grade. Out of 9 metrics analyzed, 6 register as strengths (avg 9.7/10) while 3 fall into concern territory (avg 3.7/10). The category breakdown reveals uneven performance, with some areas requiring attention.
The Bull Case
The strongest argument centers on PEG Ratio, Operating Margin, Revenue Growth. Valuation metrics including PEG Ratio (0.80), Price/Book (1.18) suggest the stock is attractively priced. Profitability is solid with Operating Margin at 47.30%. Growth metrics are encouraging with Revenue Growth at 218.70%, EPS Growth at 46.90%.
The Bear Case
The primary concerns are Return on Equity, Market Cap, Price/Sales. Some valuation metrics including Price/Sales (3.76) suggest expensive pricing. Profitability pressure is visible in Return on Equity at -20.70%.
Key Dynamics to Monitor
Three factors to monitor going forward. First, whether Return on Equity improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at -20.70% needing improvement to support the investment thesis. Third, growth sustainability, with Revenue Growth at 218.70% strong but requiring continuation.
Risk Considerations
Based on the metric profile, this is a moderate-to-high risk investment. The weight of evidence leans positive, with more strengths than concerns. Investors should size positions according to their risk tolerance and maintain diversification.
Bottom Line
Mixed fundamentals with both positives (PEG Ratio, Operating Margin) and negatives (Return on Equity, Market Cap). A cautious approach is warranted. Monitor for improvement in weak areas before increasing conviction.
Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.
HBNC Price-to-Sales(PS) Ratio Chart
Historical valuation based on market cap ÷ trailing 12-month revenue
HBNC's Price-to-Sales ratio of 3.76x trades at a deep discount to its historical average of 10.62x (8th percentile). The current valuation is 80% below its historical high of 18.34x set in Oct 2012, and 87% above its historical low of 2.01x in Sep 2020.
WallStSmart Analysis Synopsis
Data-driven financial summary for Horizon Bancorp (HBNC) · FINANCIAL SERVICES › BANKS - REGIONAL
The Big Picture
Horizon Bancorp is in a high-growth phase, prioritizing rapid expansion over margins. Revenue reached -29M with 219% growth year-over-year. The company is currently unprofitable, posting a 0.0% profit margin.
Key Findings
Revenue growing at 219% YoY, reaching -29M. This pace significantly outperforms most BANKS - REGIONAL peers.
Generating 38M in free cash flow and 39M in operating cash flow. Earnings are translating into actual cash generation.
What to Watch Next
Growth sustainability: can Horizon Bancorp maintain 219%+ revenue growth, or will competition slow it down?
Dividend sustainability with a current yield of 402.0%. Watch payout ratio and free cash flow coverage.
Debt management: total debt of 404M is significantly higher than cash (67M). Monitor refinancing risk.
Sector dynamics: monitor BANKS - REGIONAL industry trends, competitive moves, and regulatory changes that could impact Horizon Bancorp.
Bottom Line
Horizon Bancorp is a high-conviction growth story with revenue accelerating at 219% while profitability is still developing. For growth-oriented investors, the trajectory is compelling. For value investors, the thin 0.0% margins and premium valuation suggest patience until the unit economics mature further.
This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Insider Transactions
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About Horizon Bancorp(HBNC)
NASDAQ
FINANCIAL SERVICES
BANKS - REGIONAL
USA
Horizon Bancorp, Inc. is the banking holding company for Horizon Bank providing a range of commercial and retail banking services. The company is headquartered in Michigan City, Indiana.