Horizon Bancorp, Inc. (NASDAQ:HBNC) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, HBNC is expected to report 3Q20 income of $ 0.35 per share from revenue of $ 56.98 million.
For the full year, analysts anticipate top line of $ 223.56 million, while looking forward to income of $ 1.30 per share bottom line.
Previous Quarter Performance
Horizon Bancorp, Inc. communicated income for the second quarter of $ 0.32 per share, from the revenue of $ 54.12 million. The quarterly earnings reduced 13.51 percent compared with the same quarter last year. Wall street analysts are predicting, HBNC to report 2Q20 income of $ 0.22 per share from revenue of $ 53.15 million. The bottom line results beat street analysts by $ 0.1 or 45.45 percent, at the same time, top line results outshined analysts by $ 0.97 million or 1.83 percent.
Stock Performance
Shares of Horizon Bancorp, Inc. traded low $ -0.39 or -3.14 percent on Tuesday, reaching $ 12.04 with volume of 144.70 thousand shares. Horizon Bancorp, Inc. has traded high as $ 12.36 and has cracked $ 12.00 on the downward trend
According to the previous trading day, closing price of $ 12.04, representing a 67.52 % increase from the 52 week low of $ 7.42 and a 36.19 % decrease over the 52 week high of $ 19.48.
The company has a market capital of $ 528.25 million and is part of the Financial Services sector and Banks – Regional – US industry.
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers demand and time deposits.
