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HBNC - Horizon Bancorp: Scale In To This Improving Bank
Horizon Bancorp Inc.
The outlook for banks has just shifted just weeks after our contrarian call to start buying up stocks in this space.
Horizon Bancorp is seeing improvement on most metrics, though is slightly expensive relative to book value.
Our recommendation if you are looking for a regional bank stock right now is to buy some now, and add in $0.50 drops in the stock if the market allows.