German American Bancorp, Inc. (NASDAQ:GABC) Stock Has Average Price Target of $53.33

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $53.33.

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

German American Bancorp Stock Performance

Shares of NASDAQ GABC opened at $51.12 on Friday. The company has a market capitalization of $1.92 billion, a PE ratio of 13.49 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. The company’s fifty day moving average price is $49.50 and its 200 day moving average price is $47.09. German American Bancorp has a 1 year low of $37.73 and a 1 year high of $52.23.

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 during the quarter, compared to analysts’ expectations of $99.22 million. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. On average, research analysts predict that German American Bancorp will post 3.92 earnings per share for the current year.

German American Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were given a $0.31 dividend. The ex-dividend date was 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 32.72%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of German American Bancorp during the 2nd quarter valued at approximately $142,155,000. Dimensional Fund Advisors LP increased its holdings in German American Bancorp by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,958 shares of the bank’s stock worth $50,982,000 after acquiring an additional 31,627 shares in the last quarter. German American Bancorp Inc. increased its holdings in German American Bancorp by 1.3% in the 1st quarter. German American Bancorp Inc. now owns 966,872 shares of the bank’s stock worth $40,406,000 after acquiring an additional 12,585 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in German American Bancorp during the second quarter worth $14,364,000. Finally, Deprince Race & Zollo Inc. raised its position in German American Bancorp by 15.1% during the first quarter. Deprince Race & Zollo Inc. now owns 233,513 shares of the bank’s stock worth $9,759,000 after acquiring an additional 30,612 shares during the period. 46.90% of the stock is owned by institutional investors and hedge funds.

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 banking, wealth management, and insurance services to individuals, families, farmers, and businesses.

German American Bank offers deposit accounts, residential and commercial real estate loans, agricultural financing, commercial loans, consumer loans, mortgage services, and other traditional banking products. Its wealth management operations provide trust administration, investment management, financial planning, and related services, while its insurance business offers personal and commercial insurance products.

Founded in 1910, German American Bancorp has built a community banking franchise serving southern Indiana and neighboring communities in Kentucky and Ohio.