Analysts Set German American Bancorp, Inc. (NASDAQ:GABC) Target Price at $46.40

German American Bancorp, Inc. (NASDAQ:GABC) has received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $46.40.

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. Piper Sandler decreased their price objective on shares of German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th.

German American Bancorp Price Performance

Shares of NASDAQ:GABC opened at $38.34 on Friday. German American Bancorp has a 12 month low of $31.06 and a 12 month high of $47.08. The firm has a market capitalization of $1.43 billion, a P/E ratio of 13.60 and a beta of 0.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. The company’s fifty day moving average price is $39.65 and its 200 day moving average price is $40.77.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, February 3rd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. As a group, sell-side analysts predict that German American Bancorp will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.03%. This is an increase from German American Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, February 10th. German American Bancorp’s dividend payout ratio is 41.13%.

Insider Transactions at German American Bancorp

In other news, Director Diane B. Medley bought 1,000 shares of German American Bancorp stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $39.21 per share, with a total value of $39,210.00. Following the purchase, the director now directly owns 5,370 shares of the company’s stock, valued at approximately $210,557.70. This trade represents a 22.88 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have purchased 1,086 shares of company stock valued at $42,621. Insiders own 6.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GABC. Cubist Systematic Strategies LLC acquired a new position in German American Bancorp during the fourth quarter worth about $35,000. Sterling Capital Management LLC boosted its position in shares of German American Bancorp by 821.2% during the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank’s stock valued at $37,000 after purchasing an additional 813 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of German American Bancorp by 399.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank’s stock worth $39,000 after purchasing an additional 775 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of German American Bancorp in the 3rd quarter worth approximately $99,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in German American Bancorp during the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 46.90% of the company’s stock.

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.