Horizon Bancorp Appoints Larry Magnesen to Board

The latest update is out from Horizon Bancorp ( (HBNC) ).

On October 14, 2025, Horizon Bancorp announced the appointment of Larry S. Magnesen as an independent director on its Board of Directors, effective October 10, 2025. Magnesen, with over forty years of experience in the banking industry, is expected to bring valuable insights to Horizon’s Board at a crucial time in the company’s growth. His extensive knowledge of the banking sector and understanding of Horizon’s core markets are anticipated to enhance the company’s operations and support its continued expansion in the Midwest.

The most recent analyst rating on (HBNC) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Horizon Bancorp stock, see the HBNC Stock Forecast page.

Spark’s Take on HBNC Stock

According to Spark, TipRanks’ AI Analyst, HBNC is a Neutral.

Horizon Bancorp’s overall stock score reflects strong financial performance and positive earnings call insights, which are somewhat offset by technical analysis indicating a bearish trend. The valuation is fair, with an attractive dividend yield. The company’s stable financial footing and effective management strategies are significant strengths, while leverage risks and cash flow conversion remain areas for improvement.

To see Spark’s full report on HBNC stock, click here.

More about Horizon Bancorp

Horizon Bancorp, Inc. is a $7.7 billion-asset commercial bank holding company for Horizon Bank, serving customers across the Midwest through digital tools and branches in Indiana and Michigan. The company offers a range of personal banking, wealth management, business banking, and treasury management services, with a significant focus on commercial lending.

Average Trading Volume: 354,428

Technical Sentiment Signal: Buy

Current Market Cap: $770.6M

Find detailed analytics on HBNC stock on TipRanks’ Stock Analysis page.