Horizon Bancorp, Inc. (HBNC)

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Horizon Bancorp, Inc. (HBNC) is up 12.0% since the beginning of the year. At $19 per share, HBNC is trading just below its 52-week high of $19. Investors who bought $1,000 worth of HBNC shares 5 years ago would now be looking at an investment worth $1,262.

Horizon Bancorp, Inc. (HBNC) has returned 12.02% so far this year and 30.96% over the past 12 months. Over the last ten years, HBNC has returned 9.11% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Dec 17, 2001, HBNC's average daily return is +0.06%, while the average monthly return is +1.28%. At this rate, an investment would double in approximately 4.5 years.

Historically, 57% of months were positive and 43% were negative. The best month was Apr 2009 with a return of +38.9%, while the worst month was Mar 2020 at -34.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, HBNC closed higher 45% of trading days. The best single day was Sep 23, 2008 with a return of +15.2%, while the worst single day was Oct 27, 2022 at -19.6%.

Horizon Bancorp, Inc. has an annualized alpha of 12.28%, beta of 0.49, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since December 18, 2001.

• This stock participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.25%) than losses (66.11%) - typical of diversified or defensive assets.
• Beta of 0.49 may look defensive, but with R2 of 0.08 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.08 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HBNC ranks 71 for risk / return — better than 71% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Horizon Bancorp, Inc. (HBNC) and compare them to S&P 500 Index.

Horizon Bancorp, Inc. provided a 3.43% dividend yield over the last twelve months, with an annual payout of $0.64 per share. The company has been increasing its dividends for 10 consecutive years.

The table displays the monthly dividend distributions for Horizon Bancorp, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Horizon Bancorp, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Horizon Bancorp, Inc. was 65.21%, occurring on May 11, 2023. The portfolio has not yet recovered.

The current Horizon Bancorp, Inc. drawdown is 3.70%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Horizon Bancorp, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Horizon Bancorp, Inc. is priced in the market compared to other companies in the Banks - Regional industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.