5 Best Small Cap Bank Stocks With Dividends

4. Horizon Bancorp Inc. (NASDAQ:HBNC)

Number of Hedge Fund Holders: 14

Dividend Yield as of May 20: 7.44%

Horizon Bancorp Inc. (NASDAQ:HBNC) is the bank holding company for Horizon Bank. It is based in Michigan City, Indiana.

As of February 22, Piper Sandler’s Nathan Race holds a Neutral rating on Horizon Bancorp Inc. (NASDAQ:HBNC) shares.

Shares of Horizon Bancorp Inc. (NASDAQ:HBNC) have a four-year average P/E ratio of 10.6. In comparison, the shares are currently trading at a P/E ratio of 4.93, leaving them in a position of being attractively valued. The company also has an impressive dividend history, having raised its yield consistently for the past seven years. According to TipRanks, Wall Street analysts see an upside potential of 41.78% on Horizon Bancorp Inc. (NASDAQ:HBNC) shares as of April 22. They have placed an average price target of $15 on the shares, which were trading at $10.58 on April 22.

AQR Capital Management was the largest shareholder in Horizon Bancorp Inc. (NASDAQ:HBNC) at the end of the fourth quarter, holding 561,832 shares. In total, 14 hedge funds were long the stock, with a total stake value of $20.5 million.