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Full Answer
Who holds Horizon Bancorp's stock?
Only 3.47% of the stock of Horizon Bancorp is held by insiders. 52.84% of the stock of Horizon Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Is now a good time to buy bank stocks?
Second, banking business models are relatively simple to understand. Third, despite the health of many banks improving dramatically since the 2008 financial crisis, some bank stocks are trading at a bargain -- a key indicator that now is the best time to invest. Image source: Getty Images. What are the different types of bank stocks?
What metrics should you look for when buying bank stocks?
This metric is particularly important to watch for banks with large unsecured debt, such as credit card debt, especially during economic downturns. Price-to-earnings (P/E) ratio is a helpful metric for understanding how expensive a stock is relative to its earnings.
Should you buy bank stocks in 2020?
2020 was not a good year for bank stocks; most are down by double digits, while the S&P 500 surged back quickly from the coronavirus crash in March 2020. On one hand, it makes sense for many bank stocks to be down.
How to calculate the price to earnings ratio of First Horizon?
First Horizon Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.67. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
What is First Horizon Corporation?
First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also underwrites bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers various services, such as mortgage banking; title insurance and loan-closing; brokerage; correspondent banking; nationwide check clearing and remittance processing; trust, fiduciary, and agency; equipment finance; and investment and financial advisory services. Further, the company sells mutual fund and retail insurance products; and credit cards. It operates approximately 490 banking offices in 12 states under the First Horizon Bank brand; and 29 offices in 18 states under the FHN Financial brand in the United States.
When is Horizon earnings call?
Horizon Bancorp will be holding an earnings conference call on Wednesday, July 28th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "10157826".
Does Horizon Bancorp have a dividend?
Horizon Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Horizon Bancorp is 33.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Horizon Bancorp will have a dividend payout ratio of 29.21% next year.
What time is the Horizon Bancorp conference call 2021?
Participants may access the live conference call on May 26, 2021 at 7:30 a .m. CT (8:30 a.m. ET) by dialing 877–317–6789 from the United States, 866–450–4696 from Canada or 412–317–6789 from international locations and requesting the “Horizon Bancorp Call.”.
When is Horizon's second quarter 2021?
MICHIGAN CITY, Ind., June 30, 2021 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Wednesday, July 28, 2021 to review its second quarter 2021 financial results. The Company’s second quarter 2021 news release will be released after markets close on Tuesday, July 27, 2021. It will be available in the “Investor Relations” section of the Company’s website, www.horizonbank.com. Participants may access the live con
Is Huntington Bancshares a TCF?
Huntington Bancshares Incorporated (Nasdaq: HBAN; "Huntington") and TCF Financial Corporation (Nasdaq: TCF; "TCF") jointly announced that the Board of Governors of the Federal Reserve System (the "Federal Reserve Board") and the Office of the Comptroller of the Currency, with input from the United States Department of Justice's Antitrust Division (the "DOJ"), have approved the proposed merger of Huntington and TCF and of The Huntington National Bank and TCF National Bank.
Does Horizon Bank have a discount?
Horizon Bank is also acquiring performing residential mortgage, consumer, and small business loans associated with the branches at a 3.50% discount. Based on due diligence conducted on the portfolio to be acquired, Horizon believes the loan discount is more than sufficient to cover any credit risk exposure.
Why are banks leveraged?
Banks are incredibly leveraged businesses, lending out 90% or more of the deposits they get from customers. As a result, a bank's ability to perform as an investment is heavily tied to its ability to minimize loan losses, particularly during economic downturns.
What is a commercial bank?
Commercial banks are what most people think of when they hear the word bank, which are those making money by taking in customer deposits and then lending the vast majority of the cash to borrowers. Wells Fargo ( NYSE:WFC) and U.S. Bancorp ( NYSE:USB) are two of the biggest commercial banks.
