
Horizon (HBNC) Stock Forecast & Price Target
Horizon (HBNC) Analyst Ratings
Bulls say
Horizon Bancorp is a United States-based holding company that provides commercial and retail banking services, corporate and individual trust and agency services, and other services incident to banking. With a focus on improving its earnings profile and strengthening its balance sheet, the company has taken strategic actions such as raising capital, repositioning securities, and deleveraging its balance sheet to drive future profitability. As a result, we believe Horizon Bancorp is well-positioned for stable growth supported by efficient operations, a simplified balance sheet, and enhanced liquidity, which may lead to a re-rating in its shares and potential outperformance over the coming quarters.
Bears say
Horizon Bancorp is facing challenges with deposit growth and high expenses, causing their loan to deposit ratio to reach 93%. Their management anticipates a slowdown in CRE payoff in the upcoming quarter and remains positive on the pipeline entering 3Q, but there is still uncertainty in the market. In addition, Horizon Bancorp has recorded higher specific reserves and their operating expenses are projected to remain high, which could impact their profitability in the long term.
This aggregate rating is based on analysts' research of Horizon and is not a guaranteed prediction by Public.com or investment advice.
Horizon (HBNC) Analyst Forecast & Price Prediction
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