German American Bancorp, Inc. (NASDAQ:GABC) Receives Consensus Rating of “Moderate Buy” from Brokerages

German American Bancorp, Inc. (NASDAQ:GABC) has earned an average recommendation of “Moderate Buy” from the four ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $45.25.

GABC has been the topic of several recent research reports. Hovde Group raised shares of German American Bancorp from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $48.00 in a report on Wednesday, October 30th. Piper Sandler raised their price objective on German American Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. StockNews.com downgraded German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Stephens started coverage on German American Bancorp in a report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 target price on the stock. Finally, Raymond James boosted their price target 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.

Institutional Investors Weigh In On German American Bancorp

A number of hedge funds have recently modified their holdings of the stock. German American Bancorp Inc. increased its stake in shares of German American Bancorp by 160.1% in the third quarter. German American Bancorp Inc. now owns 514,018 shares of the bank’s stock worth $19,918,000 after purchasing an additional 316,400 shares in the last quarter. Royce & Associates LP grew its stake in German American Bancorp by 43.3% in the 3rd quarter. Royce & Associates LP now owns 133,156 shares of the bank’s stock valued at $5,160,000 after buying an additional 40,219 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in German American Bancorp by 23.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 134,124 shares of the bank’s stock valued at $5,197,000 after buying an additional 25,753 shares in the last quarter. Principal Financial Group Inc. bought a new stake in German American Bancorp during the 3rd quarter valued at $597,000. Finally, Rosenthal Henry Capital Advisors Inc. lifted its position in shares of German American Bancorp by 2.1% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 62,415 shares of the bank’s stock worth $2,419,000 after acquiring an additional 1,290 shares in the last quarter. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Performance

Shares of GABC stock opened at $45.04 on Friday. The stock has a market cap of $1.34 billion, a P/E ratio of 16.26 and a beta of 0.61. The company has a fifty day moving average price of $39.73 and a two-hundred day moving average price of $36.79. German American Bancorp has a one year low of $27.23 and a one year high of $46.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.83.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $62.40 million for the quarter, compared to the consensus estimate of $62.80 million. German American Bancorp had a return on equity of 12.27% and a net margin of 23.75%. As a group, equities analysts predict that German American Bancorp will post 2.71 EPS for the current year.

German American Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Sunday, November 10th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.08 annualized dividend and a yield of 2.40%. German American Bancorp’s dividend payout ratio is currently 38.99%.

German American Bancorp Company Profile

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.