German American Bancorp (NASDAQ:GABC) Now Covered by Analysts at Raymond James Financial

Equities research analysts at Raymond James Financial started coverage on shares of German American Bancorp (NASDAQ:GABC) in a research note issued to investors on Wednesday. The brokerage set a “market perform” rating on the bank’s stock.

A number of other equities analysts have also weighed in on GABC. Weiss Ratings reiterated a “buy (b)” rating on shares of German American Bancorp in a research report on Monday, June 1st. Piper Sandler raised shares of German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 target price on the stock in a research report on Friday, March 20th. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Keefe, Bruyette & Woods increased their target price on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Finally, Stephens raised their price objective 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. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.67.

German American Bancorp Price Performance

Shares of NASDAQ GABC traded down $0.47 during midday trading on Wednesday, reaching $47.20. The company’s stock had a trading volume of 7,066 shares, compared to its average volume of 153,627. 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 company has a 50 day moving average price of $44.53 and a 200 day moving average price of $42.65. German American Bancorp has a one year low of $36.56 and a one year high of $48.94. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 12.97 and a beta of 0.59.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, April 27th. The bank reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.02). The business had revenue of $97.43 million for the quarter, compared to the consensus estimate of $95.84 million. German American Bancorp had a return on equity of 11.98% and a net margin of 27.09%. On average, equities research analysts expect that German American Bancorp will post 3.71 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GABC. Deprince Race & Zollo Inc. grew its holdings in German American Bancorp by 25.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 202,901 shares of the bank’s stock valued at $7,950,000 after buying an additional 41,247 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of German American Bancorp during the 4th quarter worth approximately $4,983,000. Northwestern Mutual Wealth Management Co. increased its position in shares of German American Bancorp by 717.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,335 shares of the bank’s stock valued at $1,698,000 after purchasing an additional 38,032 shares during the period. Royce & Associates LP raised its stake in shares of German American Bancorp by 4.0% in the fourth quarter. Royce & Associates LP now owns 507,632 shares of the bank’s stock valued at $19,889,000 after purchasing an additional 19,345 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in German American Bancorp by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 2,281,704 shares of the bank’s stock worth $89,397,000 after buying an additional 90,203 shares in the last quarter. 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.