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Horizon Bancorp, Inc is currently in a long term downtrend where the price is trading 2.2% below its 200 day moving average.
From a valuation standpoint, the stock is 58.1% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.8.
Horizon Bancorp, Inc's total revenue rose by 18.4% to $60M since the same quarter in the previous year.
Its net income has increased by 18.1% to $22M since the same quarter in the previous year.
Finally, its free cash flow grew by 364.1% to $37M since the same quarter in the previous year.
Based on the above factors, Horizon Bancorp, Inc gets an overall score of 4/5.
Sector | Financial Services |
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ISIN | US4404071049 |
Exchange | NASDAQ |
CurrencyCode | USD |
Industry | Banks-Regional |
Dividend Yield | 5.8% |
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PE Ratio | 5.07 |
Beta | 0.9 |
Market Cap | 484M |
Target Price | 13.8 |
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers saving, money market, and time deposits, as well as non-interest and interest bearing demand deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; debit cards; treasury management; online and mobile banking; wealth, retirement, and estate and trust services; individual retirement accounts; and sells various insurance products. It operates through full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
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