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23 /100
COMPONENT-LIMITED
Score updated Oct 13, 2026

HBNC — Horizon Bancorp, Inc. Dilution Risk Tracker

Track HBNC dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Horizon Bancorp, Inc. (HBNC) has a DilutionWatch DilutionScore of 23/100, rated LOW dilution risk. This is a component-limited score because one or more material inputs are unavailable or not applicable. Horizon Bancorp, Inc. has a market capitalization of $989.41M, 51.34M shares outstanding, 199 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
40
💰Cash Runway—
📊 Float Risk
5
⚠️ Warrant Exposure
40
🔄 Convertible Debt
40

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 0%
No significant dilution signals detected for HBNC.
🔔 Track HBNC — Get forecast alerts →

Market Data

Market Cap$989.41M
Shares Outstanding51.34M
Float50.18M
Cash$217.95M
Debt$622.49M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore23/100DilutionWatch score record
Shares Outstanding51.34MVerified float table or market cache
Public Float50.18MVerified float table or market cache
Market Cap$989.41MMarket data cache
Cash RunwayNot applicable / unavailableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 5.

Recent SEC source mix: 4 5.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 10.6% shares (2026Q1 vs prior)
199 institutional holders · 45.09M shares
#1 BlackRock, Inc. 6.57M shares
#2 VANGUARD CAPITAL MANAGEMENT LLC 4.46M shares
#3 SAPIENT CAPITAL LLC 2.08M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest2.54M
Days to Cover4.0
% of Float5.0%
FINRA data as of Sep 30, 2026

Recent SEC Activity

4 INSIDER TRANSACTION 2026-03-24
4 INSIDER TRANSACTION 2026-03-24
4 INSIDER TRANSACTION 2026-03-24
4 INSIDER TRANSACTION 2026-03-24
4 INSIDER TRANSACTION 2026-03-24
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual HBNC Dilution Snapshot

Horizon Bancorp, Inc. (HBNC) has a DilutionScore of 23/100, rated Low dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

HBNC's DilutionScore is currently 23/100 (Low risk), with 1 score change tracked over 89 days. The score deteriorated from 31/100 (Medium risk).

Period Score Risk Level Duration
Aug 22 – Oct 13, 202623/100LOW53 days
Jul 16 – Aug 21, 202631/100MEDIUM36 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

HBNC shares outstanding have increased 0.7% from 50.98M (Mar 2026) to 51.33M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 18, 202651.33M50.18M▲ 0.06%
May 15, 202651.33M50.15M▲ 0.01%
May 12, 202651.33M50.14M▲ 0.53%
Apr 26, 202651.06M49.88M▼ 0.34%
Mar 23, 202651.23M50.04M▼ 0.05%
Mar 17, 202650.98M50.07M▲ 0.01%
Mar 14, 202650.98M50.06M▲ 0.02%
Mar 05, 202650.98M50.06M▼ 0.04%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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Score Coverage Note