Horizon Bancorp, Inc. Experiences Revision in Stock Evaluation Amid Competitive Banking Landscape

Horizon Bancorp, Inc. (Indiana), a small-cap player in the regional banking sector, has recently undergone a valuation adjustment. The company's financial metrics reveal a P/E ratio of 14, alongside a price-to-book value of 0.84. Its EV to EBIT stands at 45.91, while the EV to EBITDA is recorded at 34.61. The PEG ratio is notably low at 0.15, indicating potential value in its earnings growth relative to its price.
In comparison to its peers, Horizon Bancorp's valuation metrics present a mixed picture. For instance, Univest Financial Corp. shows a more attractive P/E ratio of 12.14, while Cantaloupe, Inc. boasts a very attractive P/E of 13.56. This suggests that while Horizon Bancorp has its strengths, it may be lagging behind in certain valuation aspects compared to its competitors.

The company's recent stock performance has seen fluctuations, with a current price of $15.88, down from a previous close of $15.95. Over the past year, Horizon Bancorp has delivered a return of 8.10%, which is below the S&P 500's 17.82% return in the same period. These trends highlight the competitive landscape in which Horizon operates, emphasizing the importance of ongoing evaluation in the regional banking sector.