Latest news with #HorizonBancorp
Yahoo
02-04-2025
- Business
- Yahoo
Horizon Bancorp's (NASDAQ:HBNC) Dividend Will Be $0.16
Horizon Bancorp, Inc. (NASDAQ:HBNC) will pay a dividend of $0.16 on the 18th of April. This means the annual payment is 4.2% of the current stock price, which is above the average for the industry. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Horizon Bancorp has established itself as a dividend paying company with over 10 years history of distributing earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Horizon Bancorp's payout ratio of 79% is a good sign as this means that earnings decently cover dividends. The next 3 years are set to see EPS grow by 152.2%. Analyst estimates also show the future payout ratio being 36% in the same 3 years which brings it into quite a comfortable range. Check out our latest analysis for Horizon Bancorp The company has a sustained record of paying dividends with very little fluctuation. Since 2015, the dividend has gone from $0.196 total annually to $0.64. This works out to be a compound annual growth rate (CAGR) of approximately 13% a year over that time. It is good to see that there has been strong dividend growth, and that there haven't been any cuts for a long time. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. However, things aren't all that rosy. Earnings per share has been sinking by 12% over the last five years. Such rapid declines definitely have the potential to constrain dividend payments if the trend continues into the future. Over the next year, however, earnings are actually predicted to rise, but we would still be cautious until a track record of earnings growth can be built. Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. In the past the payments have been stable, but we think the company is paying out too much for this to continue for the long term. We don't think Horizon Bancorp is a great stock to add to your portfolio if income is your focus. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. For instance, we've picked out 1 warning sign for Horizon Bancorp that investors should take into consideration. Is Horizon Bancorp not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
18-03-2025
- Business
- Yahoo
Horizon Bancorp Full Year 2024 Earnings: Misses Expectations
Revenue: US$186.2m (up 1.9% from FY 2023). Net income: US$35.4m (up 27% from FY 2023). Profit margin: 19% (up from 15% in FY 2023). The increase in margin was primarily driven by lower expenses. EPS: US$0.81 (up from US$0.64 in FY 2023). Net interest margin (NIM): 2.68% (up from 2.54% in FY 2023). Non-performing loans: 0.56% (up from 0.46% in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 4.1%. In the last 12 months, the only revenue segment was Commercial Banking contributing US$186.2m. The largest operating expense was General & Administrative costs, amounting to US$129.8m (86% of total expenses). Explore how HBNC's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 2.0% from a week ago. Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Horizon Bancorp that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
13-02-2025
- Business
- Yahoo
Horizon Bancorp's (NASDAQ:HBNC) investors will be pleased with their favorable 49% return over the last year
The simplest way to invest in stocks is to buy exchange traded funds. But if you pick the right individual stocks, you could make more than that. To wit, the Horizon Bancorp, Inc. (NASDAQ:HBNC) share price is 42% higher than it was a year ago, much better than the market return of around 21% (not including dividends) in the same period. That's a solid performance by our standards! Zooming out, the stock is actually down 17% in the last three years. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. View our latest analysis for Horizon Bancorp In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. Over the last twelve months, Horizon Bancorp actually shrank its EPS by 72%. This means it's unlikely the market is judging the company based on earnings growth. Indeed, when EPS is declining but the share price is up, it often means the market is considering other factors. Horizon Bancorp's revenue actually dropped 18% over last year. So the fundamental metrics don't provide an obvious explanation for the share price gain. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. You can see what analysts are predicting for Horizon Bancorp in this interactive graph of future profit estimates. It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Horizon Bancorp the TSR over the last 1 year was 49%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! It's good to see that Horizon Bancorp has rewarded shareholders with a total shareholder return of 49% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 5% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Horizon Bancorp , and understanding them should be part of your investment process. We will like Horizon Bancorp better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
