German American Bancorp (NASDAQ:GABC) Stock Rating Upgraded by Piper Sandler

German American Bancorp (NASDAQ:GABC) was upgraded by investment analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a report released on Friday, Marketbeat.com reports. The brokerage currently has a $47.00 price objective on the bank’s stock. Piper Sandler’s price objective would suggest a potential upside of 15.91% from the company’s previous close.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods upped their target price on German American Bancorp from $45.00 to $46.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of German American Bancorp in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.50.

German American Bancorp Stock Up 1.8%

Shares of NASDAQ:GABC opened at $40.55 on Friday. The business has a fifty day simple moving average of $41.58 and a 200 day simple moving average of $40.37. The firm has a market cap of $1.52 billion, a P/E ratio of 13.38 and a beta of 0.65. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.16. German American Bancorp has a 12-month low of $32.75 and a 12-month high of $45.00.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, January 26th. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. The firm had revenue of $97.85 million for the quarter, compared to analysts’ expectations of $94.67 million. German American Bancorp had a net margin of 23.11% and a return on equity of 11.80%. Analysts predict that German American Bancorp will post 3.06 earnings per share for the current year.

Institutional Investors Weigh In On German American Bancorp

A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in shares of German American Bancorp in the 3rd quarter worth about $58,000. Indiana Trust & Investment Management Co purchased a new position in shares of German American Bancorp during the 3rd quarter valued at about $68,000. Quadrant Capital Group LLC purchased a new position in shares of German American Bancorp during the 3rd quarter valued at about $72,000. MAI Capital Management lifted its position in German American Bancorp by 2,605.9% in the 3rd quarter. MAI Capital Management now owns 2,300 shares of the bank’s stock worth $90,000 after buying an additional 2,215 shares during the last quarter. Finally, Allworth Financial LP lifted its position in German American Bancorp by 4,548.3% in the 2nd quarter. Allworth Financial LP now owns 2,696 shares of the bank’s stock worth $104,000 after buying an additional 2,638 shares during the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.

About German American Bancorp

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company’s core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.