Horizon Bancorp (IN)
Horizon Bancorp, Inc. is a bank holding company for Horizon Bank, which serves communities across Indiana and Michigan. The bank provides a mix of digital banking tools and services through its network of approximately 71 full-service offices. Its key activities include commercial banking, which makes up over half of its loan portfolio, offering business banking, treasury management, and equipment financing. For individual customers, Horizon provides a range of personal banking and wealth management solutions, including residential mortgages and other consumer loans. The company aims to serve its local markets with a comprehensive suite of financial products. As with any investment, the value can go down as well as up, and returns are not guaranteed. This information is for educational purposes and is not financial advice.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Horizon Bancorp's stock with a target price of $18.70, indicating potential growth.
Financial Health
Horizon Bancorp is showing solid profits and cash generation, indicating good financial stability.
Dividend
Horizon Bancorp offers a solid average dividend yield of 4.23%, making it a decent choice for dividend-seeking investors. If you invested $1000 you would be paid $64 a year in dividends (based on the last 12 months).
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Why You’ll Want to Watch This Stock
Strong Regional Focus
Horizon has deep roots in Midwestern communities, which can create a loyal customer base. A focused regional strategy may offer stability, though it also depends on the economic health of that specific area.
A Diversified Offering
By balancing commercial and retail banking with wealth management, the company has multiple avenues for potential revenue. This diversification may help it navigate different economic conditions, though the financial sector is highly competitive.
Solid Financial Footing
The company has demonstrated an ability to generate healthy earnings from its core operations, which can be a positive sign of operational efficiency. However, past performance is not a reliable indicator of future results.
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