$18.27
1.08% yesterday
Nasdaq, Nov 15, 10:00 pm CET
ISIN
US4404071049
Symbol
HBNC
Sector
Industry

Horizon Bancorp, Inc. Target price 2024 - Analyst rating & recommendation

Horizon Bancorp, Inc. Classifications & Recommendation:

Buy
50%
Hold
50%

Horizon Bancorp, Inc. Price Target

Target Price $19.40
Price $18.27
Potential
Number of Estimates 5
5 Analysts have issued a price target Horizon Bancorp, Inc. 2025 . The average Horizon Bancorp, Inc. target price is $19.40. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 6 analysts: 3 Analysts recommend Horizon Bancorp, Inc. to buy, 3 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Horizon Bancorp, Inc. stock has an average upside potential 2025 of . Most analysts recommend the Horizon Bancorp, Inc. stock at Buy or hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 324.38 232.96
14.20% 28.18%
Net Margin 8.62% 12.90%
73.81% 49.58%

4 Analysts have issued a sales forecast Horizon Bancorp, Inc. 2024 . The average Horizon Bancorp, Inc. sales estimate is

$233m
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. This is
34.94% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$237m 33.81%
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, the lowest is
$228m 36.32%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $324m 14.20%
2024
$233m 28.18%
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2025
$257m 10.36%
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2026
$270m 5.02%
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4 Horizon Bancorp, Inc. Analysts have issued a net profit forecast 2024. The average Horizon Bancorp, Inc. net profit estimate is

$30.1m
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. This is
46.27% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$33.7m 63.85%
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, the lowest is
$26.7m 29.77%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $28.0m 70.09%
2024
$30.1m 7.42%
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2025
$73.7m 145.09%
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2026
$78.7m 6.83%
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Net Margin

2023 8.62% 73.81%
2024
12.90% 49.58%
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2025
28.65% 122.09%
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2026
29.14% 1.71%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.64 0.69
70.09% 7.81%
P/E 26.57
EV/Sales 8.88

4 Analysts have issued a Horizon Bancorp, Inc. forecast for earnings per share. The average Horizon Bancorp, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$0.69
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. This is
46.81% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.77 63.83%
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, the lowest is
$0.61 29.79%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.64 70.09%
2024
$0.69 7.81%
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2025
$1.69 144.93%
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2026
$1.80 6.51%
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P/E ratio

Current 38.48 558.90%
2024
26.57 30.95%
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2025
10.84 59.20%
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2026
10.15 6.37%
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Based on analysts' sales estimates for 2024, the Horizon Bancorp, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 5.78 12.45%
2024
8.88 53.59%
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2025
8.04 9.39%
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2026
7.66 4.78%
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P/S ratio

Current 2.23 72.08%
2024
3.43 53.69%
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2025
3.11 9.38%
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2026
2.96 4.78%
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