Horizon Bancorp (HBNC) heads into its first-quarter 2026 earnings report Wednesday with shares up 11% over the past month and short interest climbing 42% during the same period.
The Indiana-based regional bank closed Tuesday at $17.55, down 0.74% on the day but extending its year-to-date gain to 4.3%. The stock is scheduled to report Q1 results on April 23 at 12:30 PM UTC.
Short interest rose to 1.56 million shares as of April 21, representing 3.04% of the free float. That's up from 1.1 million shares a month ago. The increase pushed HBNC's ORTEX Short Score to 36.8 out of 100.
Cost to borrow dropped 18% over the month to 0.39%, while days to cover sits at 1.52. Utilization stands at just 2.2%, well below its 52-week high of 5.53%. Availability remains abundant at 4,544% of short interest.
The options market leans bullish. The put-call ratio of 0.063 sits well below the 20-day average of 0.168, indicating strong call activity relative to puts. The PCR z-score of -1.71 suggests unusually low hedging demand.
Analysts see 17.7% upside to their consensus price target. HBNC offers a 3.73% forward yield and carries an ORTEX Stock Score of 51.3. RSI sits at 61.3, approaching overbought territory but not yet extended.
With a $921 million market cap, Horizon Bancorp remains a smaller player in the regional banking sector. Investors will focus on asset quality metrics and deposit trends when the company reports Wednesday.
This is not financial advice. ORTEX data may contain inaccuracies.
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