Head-To-Head Analysis: Horizon Bancorp (IN) (NASDAQ:HBNC) & ICICI Bank (NYSE:IBN)

Horizon Bancorp (IN) (NASDAQ:HBNC) and ICICI Bank (NYSE:IBN) are both finance companies, but which is the better business? We will compare the two companies based on the strength of their risk, analyst recommendations, earnings, profitability, institutional ownership, dividends and valuation.

Dividends

Horizon Bancorp (IN) pays an annual dividend of $0.64 per share and has a dividend yield of 3.0%. ICICI Bank pays an annual dividend of $0.21 per share and has a dividend yield of 0.6%. Horizon Bancorp (IN) pays out 30.6% of its earnings in the form of a dividend. ICICI Bank pays out 12.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

Risk and Volatility

Horizon Bancorp (IN) has a beta of 0.82, meaning that its stock price is 18% less volatile than the S&P 500. Comparatively, ICICI Bank has a beta of 0.36, meaning that its stock price is 64% less volatile than the S&P 500.

Profitability

This table compares Horizon Bancorp (IN) and ICICI Bank’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Horizon Bancorp (IN)	26.52%	15.17%	1.63%
ICICI Bank	25.84%	14.48%	1.88%

Valuation and Earnings

This table compares Horizon Bancorp (IN) and ICICI Bank”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Horizon Bancorp (IN)	$295.69 million	3.69	-$150.48 million	$2.09	10.18
ICICI Bank	$2,317.08 billion	0.05	$6.13 billion	$1.68	20.68

ICICI Bank has higher revenue and earnings than Horizon Bancorp (IN). Horizon Bancorp (IN) is trading at a lower price-to-earnings ratio than ICICI Bank, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a summary of current ratings and recommmendations for Horizon Bancorp (IN) and ICICI Bank, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Horizon Bancorp (IN)	0	2	3	0	2.60
ICICI Bank	0	1	1	2	3.25

Horizon Bancorp (IN) presently has a consensus price target of $24.00, indicating a potential upside of 12.83%. Given Horizon Bancorp (IN)’s higher possible upside, equities analysts plainly believe Horizon Bancorp (IN) is more favorable than ICICI Bank.

Insider & Institutional Ownership

64.5% of Horizon Bancorp (IN) shares are held by institutional investors. Comparatively, 18.2% of ICICI Bank shares are held by institutional investors. 1.2% of Horizon Bancorp (IN) shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

Horizon Bancorp (IN) beats ICICI Bank on 10 of the 17 factors compared between the two stocks.

About Horizon Bancorp (IN)

Horizon Bancorp, Inc. is a bank holding company and the parent of Horizon Bank, a community bank serving customers in Indiana and Michigan. The company has roots dating to 1873 and is headquartered in Michigan City, Indiana. Horizon Bank provides personal and business banking services, including checking and savings accounts, lending, and cash-management services. Its lending includes consumer, residential mortgage, and commercial loans. The bank serves individuals, businesses, and communities through its branch network and digital banking services.

About ICICI Bank

ICICI Bank is an India-based banking and financial services company headquartered in Mumbai. It serves individuals, businesses, and institutions through a broad range of services, including savings and current accounts, loans, credit cards, payments, investment products, and corporate banking. The bank operates primarily in India and also serves customers internationally through overseas branches, subsidiaries, and other offices. Its offerings include retail and commercial banking, wholesale banking, treasury services, and digital banking through online and mobile platforms.