HBNC
Horizon Bancorp, Inc. Financial Services - Banks - Regional Investor Relations →
Horizon Bancorp, Inc. (HBNC) closed at $15.81 as of 2026-03-20, trading 16.6% above its 200-week moving average of $13.55. The stock is currently moving closer to the line, down from 17.3% last week. The 14-week RSI sits at 32, indicating neutral momentum.
Trading volume is running at 1.4x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.86 ratio) is neutral — neither side is clearly dominating.
Over the past 1214 weeks of data, HBNC has crossed below its 200-week moving average 8 times. On average, these episodes lasted 31 weeks. The average one-year return after crossing below was -7.1%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $810 million, HBNC is a small-cap stock. Return on equity stands at -20.7%. The stock trades at 1.2x book value.
Share count has increased 16.0% over three years, indicating dilution.
Over the past 23.3 years, a hypothetical investment of $100 in HBNC would have grown to $878, compared to $1131 for the S&P 500. HBNC has returned 9.8% annualized vs 11.0% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -5.5% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: HBNC vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HBNC Crosses Below the Line?
Across 8 historical episodes, buying HBNC when it crossed below its 200-week moving average produced an average return of -0.9% after 12 months (median +0.0%), compared to +15.8% for the S&P 500 over the same periods. 38% of those episodes were profitable after one year. After 24 months, the average return was +18.9% vs +40.7% for the index.
Each line shows $100 invested at the moment HBNC crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
HBNC has crossed below its 200-week MA 8 times with an average 1-year return of +-7.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2007 | Apr 2010 | 128 | 51.8% | -24.7% | +456.4% |
| Feb 2020 | Dec 2020 | 44 | 51.5% | +24.2% | +35.9% |
| Oct 2022 | Oct 2022 | 1 | 0.3% | -36.3% | +19.2% |
| Dec 2022 | Jan 2023 | 4 | 6.9% | -14.6% | +21.8% |
| Jan 2023 | Jan 2023 | 1 | 4.6% | -1.1% | +24.2% |
| Feb 2023 | Dec 2023 | 43 | 47.3% | -16.3% | +19.5% |
| Jan 2024 | Jul 2024 | 27 | 17.5% | +19.1% | +30.7% |
| Mar 2025 | Apr 2025 | 3 | 7.1% | N/A | +23.9% |
| Average | 31 | — | +-7.1% | — |
Frequently Asked Questions
Is HBNC below its 200-week moving average?
No. Horizon Bancorp, Inc. (HBNC) is currently 16.6% above its 200-week moving average of $13.55. It would need to fall to $13.55 to cross below the line.
What is HBNC's 200-week moving average price?
Horizon Bancorp, Inc.'s 200-week moving average is $13.55 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when HBNC drops below its 200-week moving average?
HBNC has crossed below its 200-week moving average 8 times in our data. The average one-year return after these crossings was -7.1%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 31 weeks on average.
Is HBNC a good value right now?
Here's what our data says about HBNC as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 32. Return on equity is -20.7%. Price-to-book is 1.2x. This is not a buy or sell recommendation — always do your own research.
How does HBNC compare to the S&P 500?
Over the past 23.3 years, $100 invested in HBNC would have grown to $878, compared to $1131 for the S&P 500. That's 9.8% annualized vs 11.0% for the index. HBNC has underperformed the broader market over this period.
Does HBNC pay a dividend?
Yes. Horizon Bancorp, Inc. currently pays a dividend yield of 404.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20