German American Bancorp, Inc. (NASDAQ:GABC) Given Average Recommendation of “Hold” by Analysts

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have been assigned a consensus rating of “Hold” from the three ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $40.67.

Several research firms have recently weighed in on GABC. StockNews.com downgraded German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Piper Sandler boosted their price objective on shares of German American Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Raymond James raised their target price on shares of German American Bancorp from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Stephens began coverage on German American Bancorp in a report on Tuesday. They issued an “overweight” rating and a $45.00 price target for the company.

Insider Activity

In related news, Director Thomas W. Seger bought 3,000 shares of the stock in a transaction on Friday, August 9th. The stock was bought at an average price of $36.80 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the director now directly owns 484,342 shares in the company, valued at approximately $17,823,785.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Thomas W. Seger purchased 3,000 shares of the business’s 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 acquisition, the director now owns 484,342 shares of the company’s stock, valued at $17,823,785.60. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diane B. Medley acquired 710 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought 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 of the company’s stock, valued at $158,936.90. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.16% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in German American Bancorp in the first quarter valued at approximately $1,097,000. Kennedy Capital Management LLC purchased a new stake in shares of German American Bancorp during the 1st quarter valued at $6,828,000. LSV Asset Management boosted its position in shares of German American Bancorp by 303.3% in the 2nd quarter. LSV Asset Management now owns 29,300 shares of the bank’s stock worth $1,036,000 after purchasing an additional 22,035 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in German American Bancorp by 8.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,019 shares of the bank’s stock worth $1,040,000 after buying an additional 2,326 shares during the last quarter. Finally, Mutual of America Capital Management LLC acquired a new position in German American Bancorp during the 2nd quarter valued at about $5,887,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Trading Up 0.3 %

Shares of NASDAQ GABC opened at $39.55 on Tuesday. German American Bancorp has a 1-year low of $24.85 and a 1-year high of $42.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50 day moving average is $38.71 and its two-hundred day moving average is $35.73. The stock has a market capitalization of $1.17 billion, a P/E ratio of 13.88 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, July 29th. The bank reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $60.20 million. As a group, research analysts expect that German American Bancorp will post 2.7 EPS for the current year.

German American Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Saturday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Friday, August 9th. German American Bancorp’s dividend payout ratio (DPR) is 37.89%.

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.