German American Bancorp, Inc. (NASDAQ:GABC) Receives $46.00 Consensus Price Target from Analysts

German American Bancorp, Inc. (NASDAQ:GABC) has been given a consensus rating of “Hold” by the five analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $46.00.

A number of research firms have recently commented on GABC. Piper Sandler upped their price target on shares of German American Bancorp from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of German American Bancorp in a research report on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd.

German American Bancorp Trading Up 0.9%

Shares of NASDAQ GABC opened at $39.13 on Friday. German American Bancorp has a fifty-two week low of $32.75 and a fifty-two week high of $47.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 14.88 and a beta of 0.62. The business’s 50 day moving average price is $40.14 and its 200-day moving average price is $38.85.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings data on Monday, July 28th. The bank reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. German American Bancorp had a return on equity of 11.59% and a net margin of 20.84%.The company had revenue of $91.16 million during the quarter, compared to analysts’ expectations of $91.93 million. On average, sell-side analysts expect 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 Wednesday, August 20th. Investors of record on Sunday, August 10th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.16 annualized dividend and a yield of 3.0%. German American Bancorp’s dividend payout ratio is 44.11%.

Insider Buying and Selling

In other news, Director Diane B. Medley bought 882 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was acquired at an average cost of $37.95 per share, with a total value of $33,471.90. Following the transaction, the director directly owned 6,252 shares in the company, valued at approximately $237,263.40. This trade represents a 16.42% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders acquired 3,352 shares of company stock worth $133,482. Company insiders own 4.59% of the company’s stock.

Institutional Trading of German American Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in GABC. Vanguard Group Inc. grew its holdings in German American Bancorp by 20.4% during the 1st quarter. Vanguard Group Inc. now owns 2,106,784 shares of the bank’s stock worth $79,004,000 after acquiring an additional 357,360 shares in the last quarter. Champlain Investment Partners LLC lifted its position in shares of German American Bancorp by 11.6% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,304,428 shares of the bank’s stock worth $50,234,000 after purchasing an additional 135,073 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of German American Bancorp by 11.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,109,170 shares of the bank’s stock valued at $41,594,000 after purchasing an additional 109,789 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of German American Bancorp by 14.1% during the second quarter. Geode Capital Management LLC now owns 952,803 shares of the bank’s stock valued at $36,697,000 after purchasing an additional 117,664 shares in the last quarter. Finally, German American Bancorp Inc. increased its holdings in German American Bancorp by 10.2% during the second quarter. German American Bancorp Inc. now owns 590,221 shares of the bank’s stock valued at $22,729,000 after buying an additional 54,504 shares during the period. 46.90% of the stock is currently owned by institutional investors.

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.