German American Bancorp (NASDAQ:GABC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

German American Bancorp (NASDAQ:GABC) had its price objective raised by investment analysts at Keefe, Bruyette & Woods from $47.00 to $51.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 0.60% from the company’s previous close.

GABC has been the subject of a number of other reports. Piper Sandler restated an “overweight” rating on shares of German American Bancorp in a report on Thursday. Weiss Ratings upgraded German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 13th. Raymond James Financial started coverage on German American Bancorp in a research report on Wednesday, July 8th. They set a “hold” rating on the stock. Wall Street Zen downgraded German American Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Stephens increased their price target on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

German American Bancorp Price Performance

Shares of NASDAQ:GABC opened at $51.31 on Thursday. German American Bancorp has a 52 week low of $36.56 and a 52 week high of $51.45. The firm has a market capitalization of $1.93 billion, a P/E ratio of 13.54 and a beta of 0.59. The firm’s 50 day moving average is $46.20 and its two-hundred day moving average is $43.59. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, July 27th. The bank reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.10. The company had revenue of $101.34 million during the quarter, compared to analysts’ expectations of $99.22 million. German American Bancorp had a return on equity of 12.30% and a net margin of 28.25%. Analysts anticipate that German American Bancorp will post 3.73 earnings per share for the current year.

Hedge Funds Weigh In On German American Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its holdings 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 valued at $525,000 after purchasing an additional 371 shares during the period. ProShare Advisors LLC boosted its holdings in shares of German American Bancorp by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 6,629 shares of the bank’s stock worth $260,000 after purchasing an additional 426 shares during the period. Pettinga Financial Advisors LLC grew its position in German American Bancorp by 4.4% during the fourth 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 in the last quarter. Glenview Trust Co grew its position in German American Bancorp by 10.1% during the fourth 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% in the 1st quarter. Diversified Trust Co now owns 17,164 shares of the bank’s stock valued at $717,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 46.90% of the company’s stock.

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.