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HBNC - Horizon Bancorp: Loan Growth Likely To Boost The Bottom Line
Horizon Bancorp Inc.
Loan growth is likely to remain elevated in the remainder of the year due to a healthy pipeline, acquisition plans, and economic factors.
Due to a large investment portfolio, fixed-rate heavy loan book, and a large balance of interest-bearing deposits, the top line is hardly sensitive to interest rate hikes.
The December 2022 target price suggests a high upside from the current market price. Further, HBNC is offering a decent dividend yield.