Shares Outstanding Shares Outstanding n/a Close	44.1M
Shares Change (YoY) Shares Change (YoY) n/a Close	-0.91%
Shares Change (QoQ) Shares Change (QoQ) n/a Close	0%
Owned by Institutions (%) Owned by Institutions (%) n/a Close	69.86%
Shares Floating Shares Floating n/a Close	42.8M
Failed to Deliver (FTD) Shares Failed to Deliver (FTD) Shares n/a Close	985
FTD / Avg. Volume FTD / Avg. Volume n/a Close	0.61%

Short Selling Information

The latest short interest is 721.01K, so 1.64% of the outstanding shares have been sold short.

Short Interest Short Interest n/a Close	721.01K
Short % of Shares Out Short % of Shares Out n/a Close	1.64%
Short % of Float Short % of Float n/a Close	1.67%
Short Ratio (days to cover) Short Ratio (days to cover) n/a Close	5.21

Valuation Ratios

The PE ratio is 19.87 and the forward PE ratio is 7.98. Horizon Bancorp's PEG ratio is 0.75.

PE Ratio PE Ratio n/a Close	19.87
Forward PE Forward PE n/a Close	7.98
PS Ratio PS Ratio n/a Close	1.98
Forward PS Forward PS n/a Close	2.4
PB Ratio PB Ratio n/a Close	0.92
P/FCF Ratio P/FCF Ratio n/a Close	548.32
PEG Ratio PEG Ratio n/a Close	0.75

Financial Ratio History

Enterprise Valuation

Horizon Bancorp has an Enterprise Value (EV) of 1.76B.

EV / Sales EV / Sales n/a Close	4.94
EV / EBITDA EV / EBITDA n/a Close	44.27
EV / EBIT EV / EBIT n/a Close	275.65
EV / FCF EV / FCF n/a Close	1367.09

Financial Position

The company has a current ratio of 0.1, with a Debt / Equity ratio of 1.76.

Current Ratio Current Ratio n/a Close	0.1
Quick Ratio Quick Ratio n/a Close	0.1
Debt / Equity Debt / Equity n/a Close	1.76
Debt / EBITDA Debt / EBITDA n/a Close	33.93
Debt / FCF Debt / FCF n/a Close	1.05K
Interest Coverage Interest Coverage n/a Close	0.16

Financial Efficiency

Return on Equity is 4.64% and Return on Invested Capital is 1.62%.

Return on Equity Return on Equity n/a Close	4.64%
Return on Assets Return on Assets n/a Close	0.45%
Return on Invested Capital Return on Invested Capital n/a Close	1.62%
Revenue Per Employee Revenue Per Employee n/a Close	$422,565.99
Profits Per Employee Profits Per Employee n/a Close	$42,127.23
Employee Count Employee Count n/a Close	841
Asset Turnover Asset Turnover n/a Close	0.05
Inventory Turnover Inventory Turnover n/a Close	n/a

Taxes

Income Tax Income Tax n/a Close	-8.08M
Effective Tax Rate Effective Tax Rate n/a Close	-29.54%

Stock Price Statistics

The stock price has increased by 29.75% in the last 52 weeks. The beta is 0.85, so Horizon Bancorp's price volatility has been higher than the market average.

Beta Beta n/a Close	0.85
52-Week Price Change 52-Week Price Change n/a Close	29.75%
50-Day Moving Average 50-Day Moving Average n/a Close	14.86
200-Day Moving Average 200-Day Moving Average n/a Close	15.89
Relative Strength Index (RSI) Relative Strength Index (RSI) n/a Close	59.14
Average Volume (20 Days) Average Volume (20 Days) n/a Close	161,732

Income Statement

In the last 12 months, Horizon Bancorp had revenue of 355.38M and earned 35.43M in profits. Earnings per share was 0.81.

Revenue Revenue n/a Close	355.38M
Gross Profit Gross Profit n/a Close	182.11M
Operating Income Operating Income n/a Close	27.35M
Net Income Net Income n/a Close	35.43M
EBITDA EBITDA n/a Close	39.65M
EBIT EBIT n/a Close	27.35M
Earnings Per Share (EPS) Earnings Per Share (EPS) n/a Close	0.81

Full Income Statement

Balance Sheet

The company has 294.17M in cash and 1.35B in debt, giving a net cash position of -1.05B.

Cash & Cash Equivalents Cash & Cash Equivalents n/a Close	294.17M
Total Debt Total Debt n/a Close	1.35B
Net Cash Net Cash n/a Close	-1.05B
Retained Earnings Retained Earnings n/a Close	436.12M
Total Assets Total Assets n/a Close	7.63B
Working Capital Working Capital n/a Close	-5.55B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 6.37M and capital expenditures -5.08M, giving a free cash flow of 1.28M.

Operating Cash Flow Operating Cash Flow n/a Close	6.37M
Capital Expenditures Capital Expenditures n/a Close	-5.08M
Free Cash Flow Free Cash Flow n/a Close	1.28M
FCF Per Share FCF Per Share n/a Close	0.03

Full Cash Flow Statement

Margins

Gross margin is 51.24%, with operating and profit margins of 7.7% and 9.97%.

Gross Margin Gross Margin n/a Close	51.24%
Operating Margin Operating Margin n/a Close	7.7%
Pretax Margin Pretax Margin n/a Close	7.7%
Profit Margin Profit Margin n/a Close	9.97%
EBITDA Margin EBITDA Margin n/a Close	11.16%
EBIT Margin EBIT Margin n/a Close	7.7%
FCF Margin FCF Margin n/a Close	0.36%

Dividends & Yields

HBNC pays an annual dividend of $0.8, which amounts to a dividend yield of 4.25%.

Dividend Per Share Dividend Per Share n/a Close	$0.80
Dividend Yield Dividend Yield n/a Close	4.25%
Dividend Growth (YoY) Dividend Growth (YoY) n/a Close	0%
Payout Ratio Payout Ratio n/a Close	78.43%
Earnings Yield Earnings Yield n/a Close	5.03%
FCF Yield FCF Yield n/a Close	0.18%

Dividend Details

Analyst Forecast

The average price target for HBNC is $17, which is 10.1% higher than the current price. The consensus rating is "Hold".

Price Target Price Target n/a Close	$17
Price Target Difference Price Target Difference n/a Close	10.1%
Analyst Consensus Analyst Consensus n/a Close	Hold
Analyst Count Analyst Count n/a Close	2

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value Lynch Fair Value n/a Close	$4.05
Lynch Upside Lynch Upside n/a Close	-73.77%
Graham Number Graham Number n/a Close	17.85
Graham Upside Graham Upside n/a Close	15.61%

Stock Splits

The last stock split was on Jun 18, 2018. It was a forward split with a ratio of 3:2.

Last Split Date Last Split Date n/a Close	Jun 18, 2018
Split Type Split Type n/a Close	forward
Split Ratio Split Ratio n/a Close	3:2

Scores

Altman Z-Score Altman Z-Score n/a Close	-0.67
Piotroski F-Score Piotroski F-Score n/a Close	6