HBNC Horizon Bancorp, Inc. - Common Stock

NASDAQ · Banking · View on SEC EDGAR ↗
$20.08
Price · Aug 19, 2026
Fundamentals as of Aug 7, 2026
52W Range
$15–$21
85% of range
Analyst Rating
BUY
11 analysts
Price Target
$23
+14% upside
P/E (TTM)
-6.2
ROE
-20.3%
Net Profit Margin
558.0%

HBNC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$20.08
Market Cap
$1.03B
P/E (TTM)
-6.2
EPS (TTM)
$-3.24
Revenue (TTM)
—
Div Yield
2.9%
ROE
-20.3%
Debt/Equity
—
52W Range
$15 – $21

HBNC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income —
EPS $-3.24
10-point trend, -510.1%
2016-12-31 → 2025-12-31
Free Cash Flow $74M
10-point trend, +207.4%
2016-12-31 → 2025-12-31
Margins 558.0%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
HBNC
Peer Median
P/E (TTM)
5-point trend, -149.7%
-6.2
12.8
P/S (TTM)
5-point trend, -929.3%
-38.1
2.1
P/B
5-point trend, +0.5%
1.5
1.2
Price / FCF
5-point trend, +33.8%
13.8
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
HBNC
Peer Median
Net Profit Margin
5-point trend, +1435.6%
558.0%
30.0%
ROA
5-point trend, -261.1%
-2.1%
1.1%
ROE
5-point trend, -267.2%
-20.3%
11.7%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
HBNC
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
HBNC
Peer Median
Revenue YoY
2.0%
—
Revenue CAGR 3Y
-6.4%
—
EPS YoY
5-point trend, -263.6%
25.0%
—
Net Income YoY
5-point trend, -272.8%
26.6%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
HBNC
Peer Median
EPS (Diluted)
5-point trend, -263.6%
$-3.24
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
HBNC
Peer Median
Payout Ratio
5-point trend, -168.9%
-19.6%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
2.9%
Payout Ratio
-19.6%
5Y Div CAGR
—
Ex-dateAmount
July 2, 2026$0.1600
April 2, 2026$0.1600
Jan. 2, 2026$0.1600
Oct. 3, 2025$0.1600
July 3, 2025$0.1600
April 4, 2025$0.1600
Jan. 3, 2025$0.1600
Oct. 4, 2024$0.1600
July 5, 2024$0.1600
April 4, 2024$0.1600
Jan. 4, 2024$0.1600
Oct. 5, 2023$0.1600
July 6, 2023$0.1600
April 5, 2023$0.1600
Jan. 5, 2023$0.1600
Oct. 6, 2022$0.1600
July 7, 2022$0.1600
April 7, 2022$0.1500
Jan. 6, 2022$0.1500
Oct. 7, 2021$0.1500

HBNC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 11 analysts
  • Strong Buy 3 27.3%
  • Buy 6 54.5%
  • Hold 2 18.2%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

5 analysts · 2026-08-17
Median target $23.00 +14.5%
Mean target $22.90 +14.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.64%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.49 $0.52 -0.03%
March 31, 2026 $0.51 $0.49 0.02%
Dec. 31, 2025 $0.53 $0.51 0.02%
Sept. 30, 2025 $1.90 $-1.78 3.7%
June 30, 2025 $0.47 $0.45 0.02%
March 31, 2025 $0.56 $0.41 0.15%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
HBNC $869M -5.2 2.0% 558.0% -20.3% —
CFFN $839M 12.2 6.5% 417.3% 6.5% —
MBWM $826M 8.8 4.8% 36.6% 13.1% —
EQBK — 36.3 -6.6% 10.8% 3.3% —
BFST $771M 9.4 1.2% 820.8% 10.1% —
MCBS $765M 10.1 10.2% 44.0% 14.0% —
CCNE — 10.5 24.6% 23.4% 8.8% —
TFC $62.13B 12.9 53.0% 26.1% 8.2% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 10
Annual Income Statement data for HBNC
Metric Trend 202520242023202220212020201920182017201620152014
Interest Expense 10-point trend, +932.8% · · $137M $37M $18M $34M $48M $32M $16M $21M $14M $13M
Interest Income 12-point trend, +376.1% $363M $356M $312M $236M $194M $200M $208M $166M $128M $107M $89M $76M
Pretax Income 12-point trend, -929.3% $-201M $27M $39M $106M $102M $78M $80M $64M $48M $33M $28M $24M
Income Tax 12-point trend, -923.2% $-51M $-8M $11M $12M $15M $10M $13M $10M $15M $9M $7M $6M
Net Income 12-point trend, -931.3% $-150M $35M $28M $93M $87M $68M $67M $53M $33M $24M $21M $18M
EPS (Basic) 12-point trend, -345.5% $-3.24 $0.81 $0.64 $2.14 $1.99 $1.56 $1.53 $1.39 $0.96 $0.80 $1.30 $1.32
EPS (Diluted) 12-point trend, -355.1% $-3.24 $0.80 $0.64 $2.14 $1.98 $1.55 $1.53 $1.38 $0.95 $0.79 $1.26 $1.27
Shares (Basic) 12-point trend, +242.0% 46,486,776 43,702,314 43,630,160 43,568,823 43,802,733 44,044,737 43,493,316 38,347,059 34,553,736 29,981,592 15,765,444 13,591,053
Shares (Diluted) 12-point trend, +227.8% 46,486,776 44,064,490 43,843,880 43,699,115 43,955,280 44,123,076 43,597,595 38,495,231 34,760,438 30,123,614 16,197,312 14,181,188
EBITDA 12-point trend, +172.7% $10M $10M $11M $11M $11M $11M $10M $7M $6M $5M $4M $4M
Balance Sheet 18
Annual Balance Sheet data for HBNC
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 11-point trend, +220.8% $139M $293M $527M · $594M $250M $99M $58M $60M $53M $35M $43M
PP&E (Net) 12-point trend, +76.9% $93M $94M $95M $93M $93M $92M $92M $74M $76M $66M $61M $52M
PP&E (Gross) 12-point trend, +112.5% $169M $164M $159M $151M $148M $143M $138M $116M $112M $100M $91M $79M
Accum. Depreciation 12-point trend, +181.8% $76M $70M $64M $59M $54M $51M $46M $41M $37M $33M $30M $27M
Goodwill 12-point trend, +450.9% $155M $155M $155M $155M $155M $151M $151M $120M $120M $77M $50M $28M
Intangibles 12-point trend, +81.1% $7M $10M $14M $17M $21M $23M $27M $10M $12M $9M $7M $4M
Total Assets 12-point trend, +209.9% $6.44B $7.80B $7.94B $7.87B $7.41B $5.89B $5.25B $4.25B $3.96B $3.14B $2.65B $2.08B
Short-term Debt · · · · · · · · · · · $351M
Total Liabilities 12-point trend, +205.4% $5.75B $7.04B $7.22B $7.20B $6.69B $5.19B $4.59B $3.75B $3.51B $2.80B $2.39B $1.88B
Long-term Debt 8-point trend, -29.2% $249M $1.23B $1.35B $1.14B $713M $475M · · · · $449M $351M
Total Debt · · · · · · · · · · · $351M
Common Stock Flat — no change across 10 periods $0 $0 $0 $0 $0 $0 $0 · · $0 $0 $0
Paid-in Capital 12-point trend, +900.2% $459M $364M $356M $354M $352M $363M $380M $276M $275M $182M $106M $46M
Retained Earnings 12-point trend, +89.6% $255M $436M $429M $429M $364M $301M $270M $224M $186M $164M $149M $134M
AOCI 12-point trend, -1809.1% $-26M $-36M $-67M $-106M $7M $28M $6M $-8M $-4M $-6M $-723.0K $2M
Stockholders' Equity 12-point trend, +254.0% $688M $764M $719M $677M $723M $692M $656M $492M $457M $341M $267M $194M
Liabilities + Equity 12-point trend, +209.9% $6.44B $7.80B $7.94B $7.87B $7.41B $5.89B $5.25B $4.25B $3.96B $3.14B $2.65B $2.08B
Shares Outstanding 12-point trend, +455.9% 51,217,433 44,226,819 44,106,174 43,937,889 43,811,421 43,880,562 44,975,771 38,375,407 38,294,729 22,171,596 17,909,831 9,213,036
Cash Flow 17
Annual Cash Flow data for HBNC
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +172.7% $10M $10M $11M $11M $10M $9M $10M $7M $6M $5M $4M $4M
Stock-based Comp 12-point trend, +698.5% $2M $5M $4M $2M $2M $1M $215.0K $251.0K $325.0K $324.0K $288.0K $203.0K
Deferred Tax 11-point trend, -5462.1% $-85M $-17M $-3M $2M $2M $-9M · $1M $331.0K $1M $2M $2M
Amort. of Intangibles 12-point trend, +245.9% $3M $3M $4M $4M $4M $4M $4M $2M $2M $1M $988.0K $880.0K
Other Non-cash 12-point trend, +5144.2% $303M $-27M $50M $-14M $7M $-455.0K $99M $11M $9M $-5M $9M $-6M
Operating Cash Flow 12-point trend, +348.5% $79M $6M $89M $94M $106M $79M $174M $72M $49M $26M $35M $18M
CapEx 12-point trend, -20.8% $5M $5M $8M $6M $1M $6M $5M $3M $3M $1M $6M $6M
Investing Cash Flow 10-point trend, +340.6% $979M $-53M $330M $-1.02B $-345M $-478M $-94M $-304M $-279M $222M · ·
Stock Issued 12-point trend, +59263.6% $98M $0 $0 $0 $0 $1M $2M $622.0K $2M $572.0K $4M $165.0K
Stock Repurchased 5-point trend, -100.0% · $0 $0 $0 $8M $20M · · · · · ·
Net Stock Activity 12-point trend, +59263.6% $98M $0 $0 $0 $-293.0K $1M $2M $622.0K $2M $572.0K $4M $165.0K
Dividends Paid 12-point trend, +521.6% $29M $28M $28M $28M $25M $21M $21M $15M $12M $8M $6M $5M
Financing Cash Flow 10-point trend, -427.8% $-1.21B $-187M $-15M $456M $582M $550M $-40M $230M $236M $-230M · ·
Net Change in Cash 11-point trend, -1409.8% $-154M $-233M $403M $-470M $344M $151M · $-1M $7M $18M $5M $12M
Taxes Paid 10-point trend, +296.3% $27M $11M $2M $802.0K $2M $11M $13M $7M $10M $7M · ·
Free Cash Flow 12-point trend, +551.0% $74M $1M $81M $88M $104M $73M $170M $69M $46M $24M $30M $11M
Levered FCF 10-point trend, -1189.9% · · $-17M $56M $88M $43M $131M $43M $35M $9M $19M $2M
Profitability 5
Annual Profitability data for HBNC
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 12-point trend, +2651.7% 558.0% 18.5% 14.9% 37.8% 36.3% 29.7% 32.6% 31.4% 22.8% 19.3% 19.6% 20.3%
Pretax Margin 12-point trend, +2645.5% 746.0% 14.3% 20.8% 42.8% 42.8% 34.0% 39.2% 37.6% 33.0% 26.4% 26.4% 27.2%
EBITDA Margin 12-point trend, -1003.3% -38.2% 5.4% 5.8% 4.3% 4.7% 4.6% 4.8% 4.0% 4.1% 4.3% 4.0% 4.2%
ROA 12-point trend, -324.5% -2.1% 0.45% 0.35% 1.2% 1.3% 1.2% 1.4% 1.3% 0.93% 0.83% 0.87% 0.94%
ROE 12-point trend, -301.7% -20.3% 4.7% 4.0% 14.1% 12.2% 10.1% 10.2% 11.0% 8.3% 7.9% 8.9% 10.1%
Liquidity & Solvency 1
Annual Liquidity & Solvency data for HBNC
Metric Trend 202520242023202220212020201920182017201620152014
Debt / Equity · · · · · · · · · · · 1.8
Efficiency 1
Annual Efficiency data for HBNC
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -108.2% -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Per Share 7
Annual Per Share data for HBNC
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, -36.3% $13.44 $17.27 $16.30 $15.42 $16.61 $15.78 $14.59 $12.82 $17.90 $15.37 $22.35 $21.10
Revenue / Share 12-point trend, -106.1% $-0.58 $4.35 $4.28 $5.65 $5.45 $5.23 $4.68 $4.39 $6.27 $6.17 $9.74 $9.44
Cash Flow / Share 12-point trend, -8.8% $1.70 $0.14 $2.03 $2.16 $2.40 $1.79 $4.01 $1.88 $2.12 $1.27 $3.26 $1.87
Cash / Share 10-point trend, -42.3% $2.72 $6.63 · · $13.63 $5.69 $2.20 $1.52 $2.99 $3.19 $4.07 $4.72
Dividend / Share 4-point trend, +1.6% $1 $1 $1 $1 · · · · · · · ·
Dividend Paid / Share 10-point trend, +88.2% · · $1 $1 $1 $0 $0 $0 $0 $0 $0 $0
EPS (TTM) 12-point trend, -355.1% $-3.24 $0.80 $0.64 $2.14 $1.98 $1.55 $1.53 $1.38 $0.95 $0.79 $1.26 $1.27
Growth Rates 7
Annual Growth Rates data for HBNC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 4-point trend, -46.6% · 2.0% -24.0% 5.7% 3.8% · · · · · · ·
Revenue CAGR 3Y 2-point trend, -9.2% · -6.4% -5.9% · · · · · · · · ·
EPS YoY 4-point trend, -9.9% · 25.0% -70.1% 8.1% 27.7% · · · · · · ·
EPS CAGR 3Y 2-point trend, -2.1% · -26.1% -25.5% · · · · · · · · ·
Net Income YoY 4-point trend, -1.9% · 26.6% -70.0% 7.2% 27.1% · · · · · · ·
Net Income CAGR 3Y 2-point trend, -0.4% · -25.9% -25.8% · · · · · · · · ·
Dividend CAGR 5Y 6.8% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for HBNC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, -130.2% $-27M $192M $188M $247M $234M $225M $204M $169M $145M $121M $103M $89M
Net Income TTM 12-point trend, -931.3% $-150M $35M $28M $93M $87M $68M $67M $53M $33M $24M $21M $18M
Market Cap 12-point trend, +711.6% $869M $712M $631M $663M $908M $696M $855M $606M $473M $414M $148M $107M
Enterprise Value · · · · · · · · · · · $415M
P/E 12-point trend, -157.2% -5.2 20.1 22.4 7.0 10.5 10.2 12.4 11.4 19.5 23.6 9.9 9.1
P/S 12-point trend, -2786.4% -32.2 3.7 3.4 2.7 3.9 3.1 4.2 3.6 3.3 3.4 1.4 1.2
P/B 12-point trend, +129.2% 1.3 0.9 0.9 1.0 1.3 1.0 1.3 1.2 1.0 1.2 0.6 0.6
P / Tangible Book 6-point trend, +23.0% 1.7 1.2 1.1 1.3 1.7 1.3 · · · · · ·
P / Cash Flow 12-point trend, +80.9% 11.0 111.9 7.1 7.0 8.6 8.8 4.9 8.4 9.6 16.2 4.2 6.1
P / FCF 12-point trend, +24.7% 11.7 554.9 7.8 7.5 8.7 9.5 5.0 8.8 10.2 17.1 5.0 9.4
EV / EBITDA · · · · · · · · · · · 109.8
EV / FCF · · · · · · · · · · · 36.4
EV / Revenue · · · · · · · · · · · 4.6
Dividend Yield 12-point trend, -23.5% 3.4% 4.0% 4.5% 4.2% 2.7% 3.0% 2.4% 2.5% 2.5% 2.0% 4.2% 4.4%
Earnings Yield 12-point trend, -274.7% -19.1% 5.0% 4.5% 14.2% 9.5% 9.8% 8.1% 8.8% 5.1% 4.2% 10.1% 10.9%
Payout Ratio 12-point trend, -174.8% -19.6% 80.0% 101.2% 29.7% 28.4% 30.9% 31.3% 29.0% 35.4% 35.0% 30.2% 26.2%
Annual Payout 12-point trend, +521.6% $29M $28M $28M $28M $25M $21M $21M $15M $12M $8M $6M $5M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Net Income $-150M$35M$28M$93M$87M
Diluted EPS $-3.24$0.80$0.64$2.14$1.98
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $74M$1M$81M$88M$104M

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Institutional owners (13F) 218 filers · $560.6M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
30 (+3 vs prior Q) 15 (-9 vs prior Q) 68 (+3 vs prior Q) 58 (+6 vs prior Q) +2.9M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $44,026,230 2,203,515 7.85% Shares
ALLIANCEBERNSTEIN L.P. $37,047,571 2,235,822 6.61% Shares
PL Capital Advisors, LLC $36,220,244 1,812,825 6.46% Shares
STATE STREET CORP $36,129,275 1,808,272 6.44% Shares
DIMENSIONAL FUND ADVISORS LP $30,088,661 1,505,939 5.37% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $27,340,652 1,368,401 4.88% Shares
JENNISON ASSOCIATES LLC $24,961,575 1,249,328 4.45% Shares
FJ Capital Management LLC $24,906,069 1,246,550 4.44% Shares
GEODE CAPITAL MANAGEMENT, LLC $22,954,476 1,148,677 4.09% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $21,797,041 1,090,943 3.89% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $20,364,915 1,019,265 3.63% Shares
TWO SIGMA INVESTMENTS, LP $19,382,918 970,116 3.46% Shares
Stieven Capital Advisors, L.P. $11,771,796 589,179 2.10% Shares
KENNEDY CAPITAL MANAGEMENT LLC $9,619,771 481,470 1.72% Shares
HORIZON BANCORP INC /IN/ $8,893,000 445,103 1.59% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $8,654,277 433,147 1.54% Shares
Pacific Ridge Capital Partners, LLC $8,498,533 425,352 1.52% Shares
BlackRock, Inc. $8,362,090 418,523 1.49% Shares
Qube Research & Technologies Ltd $7,960,571 398,427 1.42% Shares
GOLDMAN SACHS GROUP INC $6,838,794 342,282 1.22% Shares
VANGUARD FIDUCIARY TRUST CO $6,774,639 339,071 1.21% Shares
MALTESE CAPITAL MANAGEMENT LLC $6,016,058 301,104 1.07% Shares
Elizabeth Park Capital Advisors, Ltd. $5,687,687 284,669 1.01% Shares
WELLINGTON MANAGEMENT GROUP LLP $5,422,212 271,382 0.97% Shares
Siena Capital Partners GP, LLC $3,998,000 200,000 0.71% Shares
Connor, Clark & Lunn Investment Management Ltd. $3,905,970 195,494 0.70% Shares
Bank of New York Mellon Corp $3,855,061 192,946 0.69% Shares
FIRST TRUST ADVISORS LP $3,770,226 188,700 0.67% Shares
Foundry Partners, LLC $3,514,846 233,080 0.63% Shares
Verition Fund Management LLC $3,412,324 170,787 0.61% Shares
Harbour Trust & Investment Management Co $3,411,425 170,742 0.61% Shares
MILLENNIUM MANAGEMENT LLC $3,126,770 156,495 0.56% Shares
RENAISSANCE TECHNOLOGIES LLC $3,106,890 155,500 0.55% Shares
TWO SIGMA ADVISERS, LP $3,064,452 180,687 0.55% Shares
Point72 Asset Management, L.P. $2,949,168 147,606 0.53% Shares
Atom Investors LP $2,846,471 142,466 0.51% Shares
Quantinno Capital Management LP $2,712,943 135,782 0.48% Shares
AMERICAN CENTURY COMPANIES INC $2,560,097 128,133 0.46% Shares
DEPRINCE RACE & ZOLLO INC $2,452,062 147,982 0.44% Shares
BAYVIEW ASSET MANAGEMENT, LLC $2,267,730 113,500 0.40% Shares
Swiss National Bank $2,052,945 102,750 0.37% Shares
BARCLAYS PLC $1,937,381 96,966 0.35% Shares
ALGERT GLOBAL LLC $1,841,956 92,190 0.33% Shares
HoldCo Asset Management, LP $1,833,285 91,756 0.33% Shares
VICTORY CAPITAL MANAGEMENT INC $1,772,726 88,725 0.32% Shares
BANK OF AMERICA CORP /DE/ $1,711,087 85,640 0.31% Shares
OXFORD FINANCIAL GROUP, LTD. LLC $1,654,624 82,814 0.30% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $1,654,584 82,812 0.30% Shares
Schonfeld Strategic Advisors LLC $1,535,760 76,865 0.27% Shares
Sanctuary Advisors, LLC $1,395,763 69,858 0.25% Shares
Polymer Capital Management (US) LLC $1,390,348 69,587 0.25% Shares
XTX Topco Ltd $1,380,778 69,108 0.25% Shares
Man Group plc $1,373,685 68,753 0.25% Shares
RHUMBLINE ADVISERS $1,277,673 63,948 0.23% Shares
SAPIENT CAPITAL LLC $1,266,452 63,386 0.23% Shares
STATE OF WISCONSIN INVESTMENT BOARD $1,220,898 61,106 0.22% Shares
Numerai GP LLC $1,149,190 57,517 0.20% Shares
Y-Intercept (Hong Kong) Ltd $1,134,684 56,791 0.20% Shares
HSBC HOLDINGS PLC $1,094,746 54,847 0.20% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $1,089,409 54,525 0.19% Shares
CITIGROUP INC $1,057,621 52,934 0.19% Shares
DEUTSCHE BANK AG\ $1,014,345 50,768 0.18% Shares
SEI INVESTMENTS CO $946,892 47,392 0.17% Shares
QSV Equity Investors LLC $893,928 52,708 0.16% Shares
Mariner, LLC $849,668 42,525 0.15% Shares
WEDGE CAPITAL MANAGEMENT L L P/NC $840,646 50,733 0.15% Shares
D. E. Shaw & Co., Inc. $832,287 41,656 0.15% Shares
VANGUARD ASSET MANAGEMENT, Ltd $801,698 40,125 0.14% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $796,271 48,055 0.14% Shares
Blue Trust, Inc. $780,579 39,068 0.14% Shares
Indiana Trust & Investment Management Co $773,226 38,700 0.14% Shares
Arkadios Wealth Advisors $742,690 37,172 0.13% Shares
1ST SOURCE BANK $719,280 36,000 0.13% Shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. $717,556 35,913 0.13% Shares
Minerva Advisors LLC $700,344 35,052 0.12% Shares
IEQ CAPITAL, LLC $673,266 33,697 0.12% Shares
Cubist Systematic Strategies, LLC $654,825 40,901 0.12% Shares
Trexquant Investment LP $638,940 31,979 0.11% Shares
JANE STREET GROUP, LLC $627,372 31,400 0.11% Call option
BLAIR WILLIAM & CO/IL $625,134 31,288 0.11% Shares
B.O.S.S. Retirement Advisors, LLC $624,894 31,276 0.11% Shares
KEYBANK NATIONAL ASSOCIATION/OH $617,942 30,928 0.11% Shares
Keeley-Teton Advisors, LLC $615,264 40,800 0.11% Shares
MetLife Investment Management, LLC $598,441 29,952 0.11% Shares
Vanguard Global Advisers, LLC $579,000 28,979 0.10% Shares
PRUDENTIAL FINANCIAL INC $578,561 28,957 0.10% Shares
Empowered Funds, LLC $542,497 27,152 0.10% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $542,497 27,152 0.10% Shares
Rafferty Asset Management, LLC $541,997 27,127 0.10% Shares
FRANKLIN RESOURCES INC $527,672 26,410 0.09% Shares
JOHNSON INVESTMENT COUNSEL INC $516,823 25,867 0.09% Shares
MERCER GLOBAL ADVISORS INC /ADV $514,685 25,760 0.09% Shares
VANGUARD GROUP INC $511,429 30,155 0.09% Shares
LOS ANGELES CAPITAL MANAGEMENT LLC $497,283 24,889 0.09% Shares
Boston Partners $488,750 24,462 0.09% Shares
FOX RUN MANAGEMENT, L.L.C. $483,196 24,184 0.09% Shares
CWM, LLC $475,686 28,708 0.08% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $471,928 23,620 0.08% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $456,083 22,827 0.08% Shares
MACKENZIE FINANCIAL CORP $451,128 22,579 0.08% Shares

Company insiders 41 insiders · 10 officers · 26 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Thomas M Prame Chief Executive Officer Aug. 22, 2025 P 47,521 1 0 $14,993
John R Stewart EVP - Chief Financial Officer Aug. 22, 2025 P 79,745 1 0 $24,998
James D Neff President March 31, 2022 D 146,410 0 0 $0
Kathie A Deruiter Executive Vice President July 27, 2026 S 50,346 0 1 $-161,520
Lynn Kerber EVP & SCCO Aug. 15, 2025 F 25,559 0 0 $0
Todd A. Etzler Executive Vice President & GC March 18, 2025 A 25,796 0 0 $0
Noe S Najera EVP, Sr. Retail & Mort Lending Sept. 11, 2023 J 1,664 0 0 $0
Dennis Kuhn Executive Vice President March 15, 2022 A 17,350 0 0 $0
Thomas H Edwards Executive Vice President Sept. 12, 2017 S 1,269 0 0 $0
David G Rose Executive Vice President Dec. 14, 2016 M 12,408 0 0 $0
Kevin Ahern Director July 6, 2026 A 16,896 1 0 $99,992
Steven William Reed Director July 6, 2026 A 24,823 0 0 $0
Lawrence E Burnell Director July 6, 2026 A 15,488 0 0 $0
Michele Annette Samuels Director July 2, 2026 A 7,980 1 0 $24,998
Brian W Maass Director July 2, 2026 A 9,877 0 0 $0
Eric P. Blackhurst Director July 2, 2026 A 29,282 1 0 $24,998
Brian C Walker Director April 28, 2026 P 6,830 1 0 $23,978
MAGNESEN LARRY S Director Feb. 27, 2026 A 9,924 1 0 $65,640
Vanessa Peterson Williams Director June 9, 2025 A 9,976 0 0 $0
Julie Scheck Freigang Director June 9, 2025 A 14,828 0 0 $0
Michele M. Magnuson Director June 9, 2025 A 45,201 0 0 $0
James B Dworkin Director June 9, 2025 A 58,461 0 0 $0
Craig M Dwight Director March 15, 2025 F 463,620 0 0 $0
Susan D Aaron Director May 26, 2023 P 51,263 0 0 $0
Spero W Valavanis Director Feb. 28, 2023 A 78,082 0 0 $0
Peter L Pairitz Director Feb. 28, 2023 A 223,967 0 0 $0
Daniel F Hopp Director Feb. 24, 2022 A 28,502 0 0 $0
Larry N Middleton Director Aug. 28, 2018 S 1,820 0 0 $0
Robert E Swinehart Director Feb. 27, 2017 A 44,575 0 0 $0
Charley E Gillispie Director March 16, 2015 A 15,061 0 0 $0
Robert C Dabagia Director July 19, 2011 S 33,200 0 0 $0
Bruce E Rampage Director Feb. 19, 2009 A 4,156 0 0 $0
Robert E Mcbride Director Feb. 19, 2009 A 3,326 0 0 $0
Gene L Rice Director Feb. 14, 2007 A 5,366 0 0 $0
George R Averitt Director Feb. 7, 2006 A 1,115 0 0 $0
Dale W Alspaugh Director April 20, 2004 A 6,405 0 0 $0
Mark E Secor — March 23, 2026 F 36,974 0 0 $0
Maurice F Winkler III — Dec. 6, 2017 G 15,331 0 0 $0
Donald E Radde — June 30, 2010 A 1,214 0 0 $0
James H Foglesong — Feb. 9, 2009 A 2,576 0 0 $0
Lawrence J Mazur — Jan. 29, 2007 A 4,689 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 43 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
ESSC · Strategy Shares 0.34% 4,895 NS April 30, 2026 N-PORT
IWC · iShares Trust 0.24% 175,794 SH Aug. 8, 2026 Daily
DPST · Direxion Shares ETF Trust 0.16% 44,754 NS April 30, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.07% 108,244 NS May 31, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.07% 44,693 SH Aug. 8, 2026 Daily
IWN · iShares Trust 0.07% 486,525 SH Aug. 8, 2026 Daily
ESML · iShares Trust 0.07% 95,122 SH Aug. 8, 2026 Daily
VFVA · VANGUARD WELLINGTON FUND 0.05% 19,580 SH Aug. 8, 2026 Daily
IWM · iShares Trust 0.03% 1,328,178 SH Aug. 8, 2026 Daily
ISCV · iShares Trust 0.03% 11,366 SH Aug. 8, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.03% 295,023 SH Aug. 8, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.03% 42,016 SH Aug. 8, 2026 Daily
GSSC · Goldman Sachs ETF Trust 0.03% 15,309 NS May 31, 2026 N-PORT
RSSL · Global X Funds 0.03% 21,755 NS April 30, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.03% 109,377 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.02% 2,367 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.02% 168,259 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.02% 243,002 NS May 31, 2026 N-PORT
ISCB · iShares Trust 0.02% 2,305 SH Aug. 8, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… 0.02% 2,172 SH Aug. 8, 2026 Daily
UWM · ProShares Trust 0.01% 1,851 NS May 31, 2026 N-PORT
TILT · FlexShares Trust 0.01% 13,843 NS April 30, 2026 N-PORT
FNCL · FIDELITY COVINGTON TRUST 0.01% 14,375 NS April 30, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.01% 84,338 NS April 30, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.01% 595,832 SH Aug. 8, 2026 Daily
VFH · VANGUARD WORLD FUND 0.01% 83,100 SH Aug. 8, 2026 Daily
URTY · ProShares Trust 0.01% 1,871 NS May 31, 2026 N-PORT
WSML · iShares Trust 0.01% 3,096 SH Aug. 8, 2026 Daily
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.01% 3,139 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.01% 1,404 NS April 30, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.01% 121,874 NS April 30, 2026 N-PORT
HDG · ProShares Trust 0.00% 47 NS May 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 3,352 NS April 30, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.00% 14,391 NS May 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 12,692 NS April 30, 2026 N-PORT
ITOT · iShares Trust 0.00% 81,728 SH Aug. 8, 2026 Daily
DFUS · Dimensional ETF Trust 0.00% 18,652 NS April 30, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.00% 1,920 NS April 30, 2026 N-PORT
AVSU · AMERICAN CENTURY ETF TRUST 0.00% 375 NS May 31, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 31,330 NS May 31, 2026 N-PORT
IWV · iShares Trust 0.00% 10,738 SH Aug. 8, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 1,559,124 SH Aug. 8, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 4,650 SH Aug. 8, 2026 Daily