German American Bancorp (NASDAQ:GABC) Stock Rating Upgraded by Wall Street Zen

German American Bancorp (NASDAQ:GABC) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other equities analysts have also issued research reports about the company. Raymond James Financial started coverage on German American Bancorp in a research report on Wednesday, July 8th. They set a “hold” rating for the company. Keefe, Bruyette & Woods increased their price target 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. Stephens lifted their price target on shares of German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings raised shares of German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 13th. Finally, Piper Sandler reissued an “overweight” rating and set a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a research note on Thursday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

German American Bancorp Price Performance

Shares of NASDAQ:GABC opened at $50.88 on Friday. German American Bancorp has a 52-week low of $36.56 and a 52-week high of $52.23. The firm has a market capitalization of $1.91 billion, a P/E ratio of 13.42 and a beta of 0.59. The stock has a 50 day moving average price of $46.51 and a 200-day moving average price of $43.75. 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 (NASDAQ:GABC) last released its quarterly earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.10. German American Bancorp had a return on equity of 12.30% and a net margin of 28.25%.The company had revenue of $101.34 million for the quarter, compared to analyst estimates of $99.22 million. As a group, equities research analysts anticipate that German American Bancorp will post 3.82 EPS for the current fiscal year.

Institutional Investors Weigh In On German American Bancorp

A number of institutional investors have recently modified their holdings of GABC. Ameriprise Financial Inc. raised its position in shares of German American Bancorp by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,370 shares of the bank’s stock worth $525,000 after purchasing an additional 371 shares during the last quarter. ProShare Advisors LLC grew its position in German American Bancorp by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 6,629 shares of the bank’s stock valued at $260,000 after purchasing an additional 426 shares during the last quarter. Pettinga Financial Advisors LLC grew its position in German American Bancorp by 4.4% during the 4th quarter. Pettinga Financial Advisors LLC now owns 11,613 shares of the bank’s stock valued at $455,000 after purchasing an additional 492 shares during the last quarter. Glenview Trust Co increased its stake in German American Bancorp by 10.1% during the 4th quarter. Glenview Trust Co now owns 7,633 shares of the bank’s stock valued at $299,000 after purchasing an additional 700 shares in the last quarter. Finally, Diversified Trust Co increased its stake in German American Bancorp by 4.3% during the 1st quarter. Diversified Trust Co now owns 17,164 shares of the bank’s stock valued at $717,000 after purchasing an additional 700 shares in 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.