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Horizon Bancorp (IN) has a consensus price target of $16 based on the ratings of 5 analysts. The high is $18 issued by Hovde Group on September 30, 2024. The low is $12 issued by Stephens & Co. on December 13, 2023. The 3 most-recent analyst ratings were released by Hovde Group, Keefe, Bruyette & Woods, and Piper Sandler on September 30, 2024, July 29, 2024, and July 29, 2024, respectively. With an average price target of $17.33 between Hovde Group, Keefe, Bruyette & Woods, and Piper Sandler, there's an implied 8.20% upside for Horizon Bancorp (IN) from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Horizon Bancorp (NASDAQ:HBNC) was reported by Hovde Group on September 30, 2024. The analyst firm set a price target for $18.00 expecting HBNC to rise to within 12 months (a possible 12.36% upside). 6 analyst firms have reported ratings in the last year.
The latest analyst rating for Horizon Bancorp (NASDAQ:HBNC) was provided by Hovde Group, and Horizon Bancorp initiated their outperform rating.
There is no last upgrade for Horizon Bancorp
The last downgrade for Horizon Bancorp (IN) happened on July 6, 2023 when Raymond James changed their price target from N/A to N/A for Horizon Bancorp (IN).
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Horizon Bancorp, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Horizon Bancorp was filed on September 30, 2024 so you should expect the next rating to be made available sometime around September 30, 2025.
While ratings are subjective and will change, the latest Horizon Bancorp (HBNC) rating was a initiated with a price target of $0.00 to $18.00. The current price Horizon Bancorp (HBNC) is trading at is $16.02, which is within the analyst’s predicted range.
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