Horizon Bancorp(HBNC) ZACKS·2024-10-28 17:01Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Horizon Bancorp (HBNC) currently holding a Momentum Style Score of A [2][3] Group 2: Performance Metrics of Horizon Bancorp - HBNC shares have increased by 1.47% over the past week, while the Zacks Banks - Northeast industry has decreased by 1.49% during the same period [5] - Over the last month, HBNC's price change is 6.56%, outperforming the industry's 0.87% [5] - In the last quarter, HBNC shares rose by 8.38%, and over the past year, they have increased by 70.53%, compared to the S&P 500's 7.91% and 40.48% respectively [6] Group 3: Trading Volume and Earnings Outlook - The average 20-day trading volume for HBNC is 147,733 shares, indicating a bullish sign if the stock is rising with above-average volume [7] - In the past two months, one earnings estimate for HBNC has increased, raising the consensus estimate from 1.41 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [9] Group 4: Investment Recommendation - Given the positive performance metrics and earnings outlook, HBNC is rated as a 2 (Buy) stock with a Momentum Score of A, making it a potential pick for near-term investment [9]