Horizon Bancorp ( (HBNC) ) has issued an update.
On April 15, 2025, Horizon Bancorp‘s Compensation Committee approved amendments to the award agreements under its 2021 Omnibus Equity Incentive Plan. These changes include new performance-based and time-based vesting criteria for restricted stock grants. The amendments impact grants made after April 15, 2025, and certain executive officer grants from March 18, 2025. The performance-based vesting now spans a three-year period with goals tied to Core Return on Average Assets and Total Shareholder Return, each weighted equally. Time-based vesting shares will now vest equally over three years. These changes aim to align executive incentives with company performance and market benchmarks, potentially affecting shareholder value and executive retention.
Spark’s Take on HBNC Stock
According to Spark, TipRanks’ AI Analyst, HBNC is a Neutral.
Horizon Bancorp’s overall stock score of 66 reflects a solid financial foundation with strengths in cash management and a debt-free balance sheet. Technical indicators suggest bearish momentum, while valuation indicates potential overvaluation balanced by a strong dividend yield. Strategic initiatives from the earnings call and positive leadership changes support a favorable longer-term view.
To see Spark’s full report on HBNC stock, click here.
More about Horizon Bancorp
YTD Price Performance: -15.23%
Average Trading Volume: 177,290
Technical Sentiment Signal: Buy
Current Market Cap: $585M
For detailed information about HBNC stock, go to TipRanks’ Stock Analysis page.