German American Bancorp (NASDAQ:GABC) Receives New Coverage from Analysts at Stephens

Analysts at Stephens assumed coverage on shares of German American Bancorp (NASDAQ:GABC) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm set an “overweight” rating and a $45.00 price target on the bank’s stock. Stephens’ price target would suggest a potential upside of 13.78% from the company’s previous close.

A number of other brokerages have also weighed in on GABC. StockNews.com lowered shares of German American Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Piper Sandler boosted their price target on shares of German American Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Raymond James raised their price objective on German American Bancorp from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, German American Bancorp presently has an average rating of “Hold” and an average price target of $41.75.

German American Bancorp Price Performance

Shares of NASDAQ GABC opened at $39.55 on Tuesday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 13.88 and a beta of 0.61. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.24. The stock’s 50-day simple moving average is $38.71 and its two-hundred day simple moving average is $35.73. German American Bancorp has a twelve month low of $24.85 and a twelve month high of $42.78.

German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, July 29th. The bank reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. German American Bancorp had a net margin of 24.44% and a return on equity of 12.97%. The business had revenue of $64.89 million for the quarter, compared to the consensus estimate of $60.20 million. As a group, equities analysts anticipate that German American Bancorp will post 2.7 EPS for the current fiscal year.

Insider Buying and Selling at German American Bancorp

In other news, Director Diane B. Medley acquired 710 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $36.37 per share, for a total transaction of $25,822.70. Following the completion of the transaction, the director now owns 4,370 shares of the company’s stock, valued at $158,936.90. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other German American Bancorp news, Director Diane B. Medley acquired 710 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $36.37 per share, for a total transaction of $25,822.70. Following the transaction, the director now owns 4,370 shares in the company, valued at $158,936.90. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas W. Seger bought 3,000 shares of German American Bancorp stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $36.80 per share, for a total transaction of $110,400.00. Following the completion of the purchase, the director now directly owns 484,342 shares of the company’s stock, valued at approximately $17,823,785.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 6.16% of the stock is currently owned by corporate insiders.

Institutional Trading of German American Bancorp

A number of hedge funds have recently modified their holdings of the business. EntryPoint Capital LLC increased its holdings in shares of German American Bancorp by 186.2% during the first quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock valued at $71,000 after acquiring an additional 1,339 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in German American Bancorp during the 2nd quarter valued at about $207,000. SG Americas Securities LLC bought a new stake in German American Bancorp during the 3rd quarter valued at about $247,000. Virtu Financial LLC purchased a new position in German American Bancorp in the fourth quarter worth about $251,000. Finally, LSV Asset Management lifted its stake in shares of German American Bancorp by 96.4% in the first quarter. LSV Asset Management now owns 7,265 shares of the bank’s stock worth $252,000 after buying an additional 3,565 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 financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.