German American Bancorp, Inc. (NASDAQ:GABC) Given Average Rating of “Moderate Buy” by Analysts

German American Bancorp, Inc. (NASDAQ:GABC) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $46.00.

GABC has been the topic of a number of research analyst reports. Piper Sandler upped their price target on shares of German American Bancorp from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings raised shares of German American Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday.

Insider Buying and Selling

In other news, Director Diane B. Medley purchased 882 shares of the business’s stock in a transaction on Monday, August 4th. The shares were acquired at an average price of $37.95 per share, with a total value of $33,471.90. Following the completion of the transaction, the director owned 6,252 shares of the company’s stock, valued at $237,263.40. The trade was a 16.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 3,352 shares of company stock worth $133,482 over the last quarter. Corporate insiders own 6.16% of the company’s stock.

Hedge Funds Weigh In On German American Bancorp

Several institutional investors have recently made changes to their positions in GABC. Bank of America Corp DE raised its holdings in shares of German American Bancorp by 28.0% during the fourth quarter. Bank of America Corp DE now owns 36,931 shares of the bank’s stock valued at $1,485,000 after purchasing an additional 8,081 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of German American Bancorp by 15.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,463 shares of the bank’s stock valued at $2,030,000 after purchasing an additional 6,817 shares during the period. Mackenzie Financial Corp acquired a new position in shares of German American Bancorp during the fourth quarter valued at about $340,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of German American Bancorp by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 30,291 shares of the bank’s stock valued at $1,218,000 after purchasing an additional 408 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of German American Bancorp by 2,933.8% during the first quarter. GAMMA Investing LLC now owns 2,063 shares of the bank’s stock valued at $77,000 after purchasing an additional 1,995 shares during the period. Institutional investors and hedge funds own 46.90% of the company’s stock.

German American Bancorp Stock Performance

Shares of German American Bancorp stock opened at $38.46 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.19. German American Bancorp has a twelve month low of $32.75 and a twelve month high of $47.08. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 14.62 and a beta of 0.62. The company’s fifty day moving average is $40.10 and its 200 day moving average is $38.86.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Wednesday, September 7th. The bank reported $0.81 earnings per share for the quarter. German American Bancorp had a net margin of 20.84% and a return on equity of 11.59%. The company had revenue of $64.78 million for the quarter. Sell-side analysts forecast that German American Bancorp will post 3.06 EPS for the current year.

German American Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Sunday, August 10th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.16 dividend on an annualized basis and a yield of 3.0%. German American Bancorp’s dividend payout ratio is 44.11%.

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.