German American Bancorp, Inc. (NASDAQ:GABC) Receives $45.40 Consensus Price Target from Analysts

German American Bancorp, Inc. (NASDAQ:GABC) has been given a consensus rating of “Moderate Buy” by the five brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $46.40.

Several analysts recently commented on GABC shares. Stephens started coverage on German American Bancorp in a report on Tuesday, October 15th. They issued an “overweight” rating and a $45.00 target price on the stock. Hovde Group upgraded German American Bancorp from a “market perform” rating to an “outperform” rating and upped their target price for the company from $41.00 to $48.00 in a report on Wednesday, October 30th. Piper Sandler reduced their target price on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their target price on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday.

German American Bancorp Stock Performance

German American Bancorp stock opened at $41.71 on Thursday. The business has a 50 day moving average of $41.80 and a 200-day moving average of $40.60. German American Bancorp has a 1 year low of $30.66 and a 1 year high of $47.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $1.24 billion, a P/E ratio of 15.06 and a beta of 0.65.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.09. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. On average, equities research analysts predict that German American Bancorp will post 2.76 earnings per share for the current year.

German American Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.78%. This is a boost from German American Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, February 10th. German American Bancorp’s dividend payout ratio is presently 41.13%.

Hedge Funds Weigh In On German American Bancorp

A number of large investors have recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of German American Bancorp by 13.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank’s stock worth $67,557,000 after purchasing an additional 196,003 shares in the last quarter. Dimensional Fund Advisors LP raised its position in German American Bancorp by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,129,575 shares of the bank’s stock valued at $39,930,000 after buying an additional 14,478 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in German American Bancorp by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 954,536 shares of the bank’s stock valued at $36,988,000 after buying an additional 32,816 shares during the last quarter. State Street Corp raised its position in German American Bancorp by 6.9% in the 3rd quarter. State Street Corp now owns 772,675 shares of the bank’s stock valued at $29,941,000 after buying an additional 50,206 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in German American Bancorp by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 704,094 shares of the bank’s stock valued at $27,289,000 after buying an additional 11,386 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors.

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.