Brokerages Set German American Bancorp, Inc. (NASDAQ:GABC) Price Target at $45.20

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $45.20.

Separately, Piper Sandler reduced their target price on shares of German American Bancorp from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, May 1st.

Insider Activity at German American Bancorp

In related news, Director Jason M. Kelly sold 2,515 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $39.55, for a total value of $99,468.25. Following the sale, the director directly owned 11,673 shares in the company, valued at $461,667.15. The trade was a 17.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have bought 2,785 shares of company stock worth $112,078. 6.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GABC. Intech Investment Management LLC bought a new stake in German American Bancorp in the fourth quarter worth approximately $489,000. Symmetry Partners LLC acquired a new position in German American Bancorp during the 4th quarter valued at $390,000. Semanteon Capital Management LP raised its stake in German American Bancorp by 25.7% during the 4th quarter. Semanteon Capital Management LP now owns 11,223 shares of the bank’s stock valued at $451,000 after purchasing an additional 2,294 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of German American Bancorp by 15.2% in the 4th quarter. Quantbot Technologies LP now owns 2,952 shares of the bank’s stock valued at $119,000 after buying an additional 389 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of German American Bancorp by 5.6% in the 4th quarter. American Century Companies Inc. now owns 103,077 shares of the bank’s stock valued at $4,146,000 after buying an additional 5,463 shares in the last quarter. 46.90% of the stock is owned by hedge funds and other institutional investors.

German American Bancorp Price Performance

NASDAQ GABC opened at $40.87 on Thursday. The company has a market capitalization of $1.53 billion, a PE ratio of 16.48 and a beta of 0.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86. The business’s fifty day moving average is $38.97 and its 200 day moving average is $38.61. German American Bancorp has a fifty-two week low of $32.75 and a fifty-two week high of $47.08.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, April 28th. The bank reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. German American Bancorp had a return on equity of 11.53% and a net margin of 19.78%. The company had revenue of $81.41 million for the quarter, compared to the consensus estimate of $79.60 million. Sell-side analysts predict that German American Bancorp will post 3.06 earnings per share for the current year.

German American Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Saturday, May 10th were given a $0.29 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.16 annualized dividend and a yield of 2.84%. German American Bancorp’s dividend payout ratio is presently 46.77%.

German American Bancorp Company Profile

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.