German American Bancorp, Inc. (GABC) – What Are Analysts Thinking About This Stock?

German American Bancorp, Inc. (NASDAQ:GABC) has received a consensus rating of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $53.33.

Several research analysts have recently weighed in on GABC shares. Zacks Research raised German American Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Weiss Ratings cut shares of German American Bancorp from a “buy (a)” rating to a “buy (a-)” rating in a research note on Wednesday, November 4th. Piper Sandler restated an “overweight” rating and issued a $60.00 price target (up from $51.00) on shares of German American Bancorp in a research report on Thursday, July 30th. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th.

Hedge Funds Weigh In On German American Bancorp

A number of hedge funds have recently made changes to their positions in GABC. Hantz Financial Services Inc. boosted its stake in shares of German American Bancorp by 3.2% in the third quarter. Hantz Financial Services Inc. now owns 25,201 shares of the bank’s stock valued at $1,219,000 after buying an additional 791 shares in the last quarter. USA Financial Formulas acquired a new position in German American Bancorp during the third quarter worth $40,000. Parallel Advisors LLC raised its position in German American Bancorp by 220.7% in the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after acquiring an additional 927 shares in the last quarter. Lido Advisors LLC raised its position in German American Bancorp by 17.1% in the first quarter. Lido Advisors LLC now owns 6,850 shares of the bank’s stock worth $286,000 after acquiring an additional 1,000 shares in the last quarter. Finally, First Trust Advisors LP raised its position in German American Bancorp by 3.1% in the first quarter. First Trust Advisors LP now owns 50,781 shares of the bank’s stock worth $2,122,000 after acquiring an additional 1,529 shares in the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Price Performance

Shares of German American Bancorp stock traded up $0.13 on Tuesday, hitting $49.83. The company’s stock had a trading volume of 91,722 shares, compared to its average volume of 145,168. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 12.84 and a beta of 0.62. German American Bancorp has a 1 year low of $37.73 and a 1 year high of $52.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 0.88. The firm has a fifty day moving average price of $49.52 and a 200-day moving average price of $46.13.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, October 26th. The bank reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. German American Bancorp had a return on equity of 12.41% and a net margin of 28.78%. The company had revenue of $103.68 million for the quarter, compared to the consensus estimate of $102.65 million. As a group, sell-side analysts anticipate that German American Bancorp will post 3.95 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Tuesday, November 10th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, November 10th. German American Bancorp’s payout ratio is 31.96%.

About German American Bancorp

German American Bancorp, Inc. is a bank holding company headquartered in Jasper, Indiana. Through its subsidiary, German American Bank, it provides commercial and consumer banking services to individuals, businesses and organizations. The company offers deposit accounts, commercial and personal loans, mortgage lending, and related banking services. Its other operations include wealth management and trust services, as well as insurance products through German American Insurance. German American serves communities across southern Indiana and parts of Kentucky.