What Is Horizon Bancorp, Inc. (HBNC) Worth in 2026?
According to the CirclFi Deep Alpha Valuation Engine, the balance of valuation evidence tilts cautious on Horizon Bancorp, Inc. at its current price of $19.62. The composite intrinsic value is estimated at $18.77 (-4.3% average return), with 8 models flagging overvaluation risk. Notably, Markov DDM sees the most upside at +198.7% (fair value: $58.61), while EROIC is the most conservative at -63.6% ($7.15). The spread between these extremes — +262.3% — reveals how different analytical frameworks can reach starkly different conclusions.
What Do the Models Say About HBNC?
12 of 13 models are currently active for HBNC. Of these, 4 models suggest upside while 8 models suggest overvaluation. The Bayesian DCF estimates HBNC's intrinsic value at $27.86, implying +42.0% upside from the current price. See which stocks rank higher →
How Does HBNC Rank in State Commercial Banks?
Among 172 State Commercial Banks stocks, HBNC ranks #140 by Quality of Company score. CirclFi's QOC score of 7.4/10 evaluates 32 fundamental signals. A score of 7.4 indicates above-average quality.
See all Most Undervalued State Commercial Banks Stocks →
As a financial institution, Horizon Bancorp, Inc. operates in a sector where CET1 capital ratio is a critical driver of valuation. Investors evaluating HBNC should weigh these sector-specific dynamics alongside our model-derived fair values.
Is HBNC a Value Trap?
CirclFi's Value Trap algorithm assigns HBNC a score of 20/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →
Multi-Model Methodology
12 of 13 models are active for Horizon Bancorp, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →
According to the CirclFi 32-factor quality framework, Horizon Bancorp, Inc.'s fundamental quality profile registers 7.4/10. This respectable score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.
The gap between the most bullish and bearish model spans +262.3% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →
Data Sources & Confidence
Every HBNC valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →
Across HBNC's 12 active models, average confidence is 44%. Lower confidence may reflect limited history or high volatility.
CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →
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