German American Bancorp (NASDAQ:GABC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of German American Bancorp (NASDAQ:GABC) from a sell rating to a hold rating in a research note published on Saturday.

A number of other brokerages have also recently issued reports on GABC. Stephens lifted their price objective on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Piper Sandler reissued an “overweight” rating and issued a $60.00 target price (up from $51.00) on shares of German American Bancorp in a research note on Thursday. Raymond James Financial assumed coverage on German American Bancorp in a report on Wednesday, July 8th. They set a “hold” rating for the company. Weiss Ratings raised German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 13th. Finally, Keefe, Bruyette & Woods upped their price target on shares of German American Bancorp from $47.00 to $51.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.33.

German American Bancorp Price Performance

GABC stock opened at $51.10 on Friday. The firm has a 50 day moving average price of $46.67 and a 200-day moving average price of $43.83. German American Bancorp has a 52-week low of $37.19 and a 52-week high of $52.23. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 13.48 and a beta of 0.58. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.10. The firm had revenue of $101.34 million for 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%. Equities research analysts forecast that German American Bancorp will post 3.82 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, August 10th will be issued a $0.31 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.24 annualized dividend and a yield of 2.4%. German American Bancorp’s dividend payout ratio (DPR) is currently 32.72%.

Institutional Investors Weigh In On German American Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its holdings in German American Bancorp by 220.7% in the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock valued at $56,000 after acquiring an additional 927 shares during the period. Quadrant Capital Group LLC bought a new stake in shares of German American Bancorp during the 3rd quarter valued at about $72,000. Tower Research Capital LLC TRC increased its position in shares of German American Bancorp by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock valued at $109,000 after purchasing an additional 2,132 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of German American Bancorp during the 4th quarter valued at about $130,000. Finally, Squarepoint Ops LLC bought a new position in shares of German American Bancorp in the 4th quarter worth approximately $201,000. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

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.