German American Bancorp, Inc. (NASDAQ:GABC) Receives $53.33 Consensus PT from Analysts

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have earned an average rating of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $53.3333.

Several brokerages recently issued reports on GABC. Piper Sandler reissued an “overweight” rating and set a $60.00 price target (up from $51.00) on shares of German American Bancorp in a report on Thursday, July 30th. Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Keefe, Bruyette & Woods lifted their target price on shares of German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Raymond James Financial initiated coverage on German American Bancorp in a report on Wednesday, July 8th. They issued a “hold” rating on the stock. Finally, Weiss Ratings upgraded German American Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, September 17th.

German American Bancorp Stock Performance

GABC opened at $48.62 on Monday. German American Bancorp has a 1 year low of $37.19 and a 1 year high of $52.23. The stock has a market cap of $1.83 billion, a PE ratio of 12.83 and a beta of 0.58. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. The stock’s 50 day simple moving average is $49.78 and its 200-day simple moving average is $45.85.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings data on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.10. The company had revenue of $99.95 million for the quarter, compared to the consensus estimate of $99.22 million. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%. Sell-side analysts forecast that German American Bancorp will post 3.86 EPS for the current year.

German American Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, August 10th. German American Bancorp’s payout ratio is currently 32.72%.

Institutional Investors Weigh In On German American Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC boosted its position in German American Bancorp by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,629 shares of the bank’s stock valued at $260,000 after buying an additional 426 shares during the last quarter. Diversified Trust Co increased its stake in shares of German American Bancorp by 4.3% in the 1st quarter. Diversified Trust Co now owns 17,164 shares of the bank’s stock valued at $717,000 after buying an additional 700 shares during the period. Glenview Trust Co raised its position in shares of German American Bancorp by 10.1% during the fourth quarter. Glenview Trust Co now owns 7,633 shares of the bank’s stock worth $299,000 after acquiring an additional 700 shares during the last quarter. Parallel Advisors LLC raised its position in shares of German American Bancorp by 220.7% during the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after acquiring an additional 927 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of German American Bancorp by 17.1% during the first quarter. Lido Advisors LLC now owns 6,850 shares of the bank’s stock valued at $286,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Company Profile

German American Bancorp, Inc is a financial holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, the company provides a range of banking and financial services to individuals, families, farmers, businesses and other organizations.

Its banking activities include deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, business loans, treasury management and other financial services. The company also offers wealth management services, including investment management, trust administration and retirement planning, as well as insurance products through affiliated operations.

German American Bancorp traces its history to the founding of German American Bank in 1910.