Stephens raised the firm’s price target on Horizon Bancorp (HBNC) to $22 from $19 and keeps an Overweight rating on the shares after the company announced and partially executed a plan to strengthen the balance sheet from a capital and liquidity standpoint. The firm, which expects Q3 and Q4 earnings to be “noisy,” notes that its 2025 operating EPS estimate remains $1.80 and its 2026 estimate rises to $2.00 from $1.90.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HBNC:
- Horizon Bancorp Completes $100M Subordinated Notes Placement
- Horizon Bancorp upgraded to Outperform at Keefe Bruyette after strategic actions
- Horizon Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
- Horizon Bancorp Announces Public Offering of Shares
- Horizon Bancorp 6.2M share Spot Secondary priced at $14.50