Horizon Bancorp Inc (IN) [NASDAQ: HBNC] traded at a high on Thursday, posting a 1.42 gain after which it closed the day’ session at $13.55.
The results of the trading session contributed to over 185992 shares changing hands. Over the past one week, the price volatility of Horizon Bancorp Inc (IN) stands at 3.18% while the volatility over the past one month is 4.01%.
The market cap for HBNC stock reached $596.39 million, with 44.23 million shares outstanding and 42.72 million shares in the current float. Compared to the average trading volume of 176.85K shares, HBNC reached a trading volume of 185992 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Horizon Bancorp Inc [IN] [HBNC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HBNC shares is $18.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HBNC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Hovde Group have made an estimate for Horizon Bancorp Inc (IN) shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 30, 2024. The new note on the price target was released on July 06, 2023, representing the official price target for Horizon Bancorp Inc (IN) stock. Previously, the target price had yet another raise to $17, while Piper Sandler analysts kept a Neutral rating on HBNC stock. On October 28, 2022, analysts decreased their price target for HBNC shares from 23 to 18.
The Average True Range (ATR) for Horizon Bancorp Inc (IN) is set at 0.60, with the Price to Sales ratio for HBNC stock in the period of the last 12 months amounting to 1.66. The Price to Book ratio for the last quarter was 0.78. Price to Free Cash Flow for HBNC in the course of the last twelve months was 9.11.
How has HBNC stock performed recently?
Horizon Bancorp Inc (IN) [HBNC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.15. With this latest performance, HBNC shares dropped by -13.64% in over the last four-week period, additionally sinking by -13.25% over the last 6 months – not to mention a rise of 18.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HBNC stock in for the last two-week period is set at 38.24, with the RSI for the last a single of trading hit 41.66, and the three-weeks RSI is set at 37.65 for Horizon Bancorp Inc (IN) [HBNC]. The present Moving Average for the last 50 days of trading for this stock 15.59, while it was recorded at 13.23 for the last single week of trading, and 15.83 for the last 200 days.
Horizon Bancorp Inc [IN] [HBNC]: Deeper insight into the fundamentals
Horizon Bancorp Inc (IN)’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.07.
Insider trade positions for Horizon Bancorp Inc [IN] [HBNC]
There are presently around $71.67%, or 73.51%% of HBNC stock, in the hands of institutional investors. The top three institutional holders of HBNC stocks are: BLACKROCK INC. with ownership of 6.12 million shares, which is approximately 13.9958%. VANGUARD GROUP INC, holding 2.29 million shares of the stock with an approximate value of $$28.29 million in HBNC stocks shares; and VANGUARD GROUP INC, currently with $$28.16 million in HBNC stock with ownership which is approximately 5.2139%.
