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Horizon Bancorp: Expansion Plans To Boost Earnings

Aug. 05, 2021 11:45 AM ETHorizon Bancorp, Inc. (HBNC)1 Comment
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Sheen Bay Research


  • Plans to acquire branches and hire new lenders will likely drive loan growth in the quarters ahead.
  • Deposit costs will likely decline due to the addition of low-cost deposits and the maturity of costly certificates of deposits.
  • The December 2021 target price suggests a high upside from the current market price. Further, Horizon Bancorp is offering a modest dividend yield.

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Expansion plans will likely drive loan growth of Horizon Bancorp, Inc. (NASDAQ: NASDAQ:HBNC) in the remainder of 2021, which will boost the bottom line. Earnings will likely also benefit from a decline in deposit costs. On the other

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Sheen Bay Research profile picture
Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

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