German American Bancorp (NASDAQ:GABC) Price Target Raised to $47.00 at Keefe, Bruyette & Woods

German American Bancorp (NASDAQ:GABC) had its price target raised by Keefe, Bruyette & Woods from $46.00 to $47.00 in a report released on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

A number of other equities research analysts have also weighed in on GABC. Stephens boosted their target price on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday. Piper Sandler raised German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 target price for the company in a research note on Friday, March 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.67.

German American Bancorp Trading Down 0.4%

NASDAQ GABC opened at $43.04 on Wednesday. German American Bancorp has a 1-year low of $36.55 and a 1-year high of $45.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $42.11 and a 200-day moving average of $40.93. The firm has a market cap of $1.61 billion, a PE ratio of 11.92 and a beta of 0.59.

German American Bancorp (NASDAQ:GABC) last released its earnings results on Monday, April 27th. The bank reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.02). German American Bancorp had a net margin of 27.09% and a return on equity of 12.13%. The company had revenue of $96.08 million during the quarter, compared to the consensus estimate of $96.05 million. As a group, sell-side analysts forecast that German American Bancorp will post 3.77 EPS for the current year.

German American Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Sunday, May 10th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, May 8th. German American Bancorp’s dividend payout ratio (DPR) is 34.35%.

Institutional Trading of German American Bancorp

Several institutional investors have recently added to or reduced their stakes in GABC. German American Bancorp Inc. boosted its stake in German American Bancorp by 59.6% during the 4th quarter. German American Bancorp Inc. now owns 954,287 shares of the bank’s stock valued at $37,389,000 after purchasing an additional 356,382 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of German American Bancorp in the 4th quarter worth $4,983,000. FJ Capital Management LLC grew its holdings in German American Bancorp by 1,802.7% during the third quarter. FJ Capital Management LLC now owns 112,580 shares of the bank’s stock valued at $4,421,000 after purchasing an additional 106,663 shares during the period. Goldman Sachs Group Inc. grew its holdings in German American Bancorp by 155.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 173,231 shares of the bank’s stock valued at $6,787,000 after purchasing an additional 105,474 shares during the period. Finally, Two Sigma Investments LP grew its holdings in German American Bancorp by 1,660.8% during the third quarter. Two Sigma Investments LP now owns 101,666 shares of the bank’s stock valued at $3,992,000 after purchasing an additional 95,892 shares during the period. 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.