Horizon Bancorp Receives 'Hold' Rating from Brokerages

Analysts split on outlook for Indiana-based financial services provider

Mar. 4, 2026 at 9:12am

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Shares of Horizon Bancorp (NASDAQ:HBNC), a financial holding company headquartered in Columbus, Indiana, have received an average 'Hold' rating from the five brokerages currently covering the stock. The ratings are mixed, with two analysts issuing 'Sell' recommendations, one 'Hold', and two 'Buy' recommendations.

Why it matters

Horizon Bancorp is a locally-focused community bank offering a range of retail and commercial banking products, as well as wealth management and investment services. The mixed analyst ratings reflect the challenges facing regional banks in the current economic environment, as they navigate factors like interest rates, loan demand, and competition from larger national institutions.

The details

The average 12-month price target among the brokerages is $20.33, with recent target price adjustments ranging from $19 to $21. Keefe, Bruyette & Woods boosted their target from $19 to $21 and maintained an 'Outperform' rating, while Zacks Research downgraded the stock to 'Strong Sell'.

  • Horizon Bancorp reported Q4 2025 earnings on January 21, 2026.
  • The company paid a quarterly dividend of $0.16 per share on January 16, 2026.

The players

Horizon Bancorp (IN)

A financial holding company headquartered in Columbus, Indiana, offering community banking and wealth management services through its subsidiary, Horizon Bank.

Vanguard Group Inc.

The largest mutual fund provider in the world, which owns a 5.9% stake in Horizon Bancorp.

Dimensional Fund Advisors LP

A global investment management firm that owns a 3% stake in Horizon Bancorp.

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