Brokerages Set German American Bancorp, Inc. (NASDAQ:GABC) Target Price at $45.25

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have been given an average rating of “Moderate Buy” by the four analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $45.25.

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

Hedge funds have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC grew its stake in shares of German American Bancorp by 186.2% during the first quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock valued at $71,000 after purchasing an additional 1,339 shares during the last quarter. Quantbot Technologies LP acquired a new stake in German American Bancorp in the third quarter worth about $99,000. Renaissance Technologies LLC bought a new stake in German American Bancorp during the 2nd quarter worth about $207,000. BNP Paribas Financial Markets lifted its position in German American Bancorp by 6.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after purchasing an additional 365 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of German American Bancorp in the 3rd quarter valued at about $247,000. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Down 0.3 %

Shares of NASDAQ:GABC opened at $45.61 on Friday. The firm has a 50 day simple moving average of $40.39 and a 200 day simple moving average of $37.25. German American Bancorp has a 52 week low of $27.23 and a 52 week high of $46.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.81. The company has a market cap of $1.35 billion, a PE ratio of 16.47 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The business 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 11.94% and a net margin of 23.75%. As a group, research analysts expect that German American Bancorp will post 2.74 earnings per share for the current year.

German American Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, November 8th. German American Bancorp’s payout ratio is presently 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.