U.S. Markets open in 9 hrs 6 mins

Horizon Bancorp (IN) (HBNC) Files 10-K for the Fiscal Year Ended on December 31, 2017

- By insider

Horizon Bancorp (IN) (HBNC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Horizon Bancorp is a holding company providing banking services through its Horizon Bank N.A. It provides retail banking services as well as commercial loans, real estate loans, mortgage warehouse loans, consumer loans and other credit facilities. Horizon Bancorp (IN) has a market cap of $734.220 million; its shares were traded at around $28.76 with a P/E ratio of 19.98 and P/S ratio of 4.69. The dividend yield of Horizon Bancorp (IN) stocks is 1.74%. Horizon Bancorp (IN) had annual average EBITDA growth of 6.50% over the past ten years.


For the last quarter Horizon Bancorp (IN) reported a revenue of $40.8 million, compared with the revenue of $32.94 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $145.2 million, an increase of 17.2% from last year. For the last five years Horizon Bancorp (IN) had an average revenue growth rate of 11.7% a year.

The reported diluted earnings per share was $1.43 for the year, an increase of 20.2% from previous year. Over the last five years Horizon Bancorp (IN) had an average EPS decline of 2.7% a year. The Horizon Bancorp (IN) enjoyed an operating margin of 33.02%, compared with the operating margin of 26.39% a year before. The 10-year historical median operating margin of Horizon Bancorp (IN) is 25.36%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Horizon Bancorp (IN) has the cash and cash equivalents of $76.4 million, compared with $70.8 million in the previous year. The long term debt was $601.8 million, compared with $304.9 million in the previous year. The interest coverage to the debt is 2.9, which is not a favorable level. Horizon Bancorp (IN) has a financial strength rank of 4 (out of 10).

At the current stock price of $28.76, Horizon Bancorp (IN) is traded at 143.1% premium to its historical median P/S valuation band of $11.83. The P/S ratio of the stock is 4.69, while the historical median P/S ratio is 1.93. The stock gained 11.80% during the past 12 months.

Directors and Officers Recent Trades:

  • Executive Vice President Dennis Kuhn sold 7,500 shares of HBNC stock on 02/21/2018 at the average price of $30. The price of the stock has decreased by 4.13% since.

For the complete 20-year historical financial data of HBNC, click here.

This article first appeared on GuruFocus.