German American Bancorp, Inc. (NASDAQ:GABC) Receives $45.25 Consensus PT from Analysts

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have been given a consensus rating of “Moderate Buy” by the four research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $45.25.

A number of equities analysts have weighed in on the company. Raymond James boosted their price objective on German American Bancorp from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Stephens began coverage on shares of German American Bancorp in a research report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 price target on the stock. Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $41.00 to $48.00 in a research report on Wednesday, October 30th. Piper Sandler boosted their target price on shares of German American Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, StockNews.com downgraded shares of German American Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th.

Institutional Trading of German American Bancorp

Hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of German American Bancorp by 74.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,431 shares of the bank’s stock valued at $765,000 after acquiring an additional 9,546 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of German American Bancorp by 87.1% during the first quarter. BNP Paribas Financial Markets now owns 14,069 shares of the bank’s stock worth $487,000 after buying an additional 6,551 shares in the last quarter. LSV Asset Management increased its stake in shares of German American Bancorp by 96.4% during the first quarter. LSV Asset Management now owns 7,265 shares of the bank’s stock worth $252,000 after buying an additional 3,565 shares during the period. EntryPoint Capital LLC raised its holdings in German American Bancorp by 186.2% in the first quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock valued at $71,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in German American Bancorp by 8.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 30,019 shares of the bank’s stock worth $1,040,000 after acquiring an additional 2,326 shares during the last quarter. Institutional investors and hedge funds own 46.90% of the company’s stock.

German American Bancorp Stock Up 2.4 %

GABC opened at $46.11 on Friday. German American Bancorp has a twelve month low of $27.23 and a twelve month high of $46.58. The company has a 50-day moving average price of $39.85 and a 200 day moving average price of $36.94. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.37 billion, a PE ratio of 16.65 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $62.40 million for the quarter, compared to analyst estimates of $62.80 million. German American Bancorp had a return on equity of 12.27% and a net margin of 23.75%. Sell-side analysts expect that German American Bancorp will post 2.75 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 8th. This represents a $1.08 annualized dividend and a dividend yield of 2.34%. German American Bancorp’s dividend payout ratio is currently 38.99%.

About German American Bancorp

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.