
Horizon (HBNC) Stock Forecast & Price Target
Horizon (HBNC) Analyst Ratings
Bulls say
Horizon Bancorp's positive outlook is underpinned by an increased earnings and profitability forecast, leading to a modest adjustment in price target multiples to 10.0x for 2026 estimates and approximately 195% of year-end tangible book value (TBV). This adjustment implies notable potential upside, further supported by a projected ~50 basis points boost to return on assets (ROA), indicating a stronger balance sheet and improved return profile. The overall upward revision in targets suggests a substantial potential return, enhancing investor confidence in the company's future performance.
Bears say
Horizon Bancorp's outlook appears negative due to a projected decline in earnings and profitability, which has raised concerns regarding the bank's ability to meet previously conveyed expectations. Expectations for slower loan growth and diminished net interest income are anticipated to contribute to a strained revenue outlook, with loan growth estimated at low single digits compared to a base case of approximately 6%. Additionally, rising expenses, forecasted to increase by 6%-7% year-over-year, coupled with elevated provisioning and credit trends, indicate potential pressure on the bank's valuation and overall financial stability.
This aggregate rating is based on analysts' research of Horizon and is not a guaranteed prediction by Public.com or investment advice.
Horizon (HBNC) Analyst Forecast & Price Prediction
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