German American Bancorp, Inc. (NASDAQ:GABC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $53.3333.

A number of brokerages have recently issued reports on GABC. Stephens upped their price target on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings raised German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods boosted their target price on German American Bancorp from $47.00 to $51.00 and gave the stock a “market perform” rating in a research note on Thursday. Raymond James Financial assumed coverage on German American Bancorp in a research note on Wednesday, July 8th. They set a “hold” rating on the stock. Finally, Wall Street Zen raised German American Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday.

German American Bancorp Stock Down 0.5%

NASDAQ:GABC opened at $50.88 on Friday. The company’s 50-day simple moving average is $46.51 and its 200-day simple moving average is $43.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. German American Bancorp has a fifty-two week low of $36.56 and a fifty-two week high of $52.23. The stock has a market capitalization of $1.91 billion, a P/E ratio of 13.42 and a beta of 0.59.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings data on Monday, July 27th. The bank reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. German American Bancorp had a net margin of 28.25% and a return on equity of 12.30%. The firm had revenue of $101.34 million during the quarter, compared to analyst estimates of $99.22 million. On average, equities analysts anticipate that German American Bancorp will post 3.82 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, August 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.4%. German American Bancorp’s payout ratio is presently 32.72%.

Hedge Funds Weigh In On German American Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in German American Bancorp by 161.6% in the 1st quarter. AQR Capital Management LLC now owns 50,971 shares of the bank’s stock worth $1,911,000 after purchasing an additional 31,486 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in German American Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock valued at $635,000 after purchasing an additional 711 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in German American Bancorp by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank’s stock valued at $2,076,000 after purchasing an additional 4,907 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of German American Bancorp by 26.0% in the second quarter. New York State Common Retirement Fund now owns 12,587 shares of the bank’s stock worth $485,000 after buying an additional 2,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of German American Bancorp by 6.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 23,630 shares of the bank’s stock worth $910,000 after buying an additional 1,442 shares during the last quarter. 46.90% of the stock is owned by hedge funds and other institutional investors.

German American Bancorp Company Profile

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.