German American Bancorp, Inc. (NASDAQ:GABC) Receives $45.25 Consensus Price Target from Analysts

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have been assigned an average rating of “Moderate Buy” from the four research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $45.25.

Several research analysts have commented on GABC shares. StockNews.com cut German American Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Raymond James upped their price target on shares of German American Bancorp from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $48.00 in a research note on Wednesday, October 30th. Piper Sandler lifted their price objective on shares of German American Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Stephens assumed coverage on shares of German American Bancorp in a research note on Tuesday, October 15th. They set an “overweight” rating and a $45.00 target price for the company.

Hedge Funds Weigh In On German American Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in GABC. EntryPoint Capital LLC increased its holdings in shares of German American Bancorp by 186.2% in the 1st 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 in the last quarter. Renaissance Technologies LLC purchased a new position in German American Bancorp in the second quarter valued at about $207,000. SG Americas Securities LLC acquired a new stake in shares of German American Bancorp during the 3rd quarter valued at approximately $247,000. LSV Asset Management boosted its stake in shares of German American Bancorp by 96.4% during the 1st quarter. LSV Asset Management now owns 7,265 shares of the bank’s stock worth $252,000 after acquiring an additional 3,565 shares in the last quarter. Finally, Pettinga Financial Advisors LLC grew its holdings in shares of German American Bancorp by 6.5% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank’s stock worth $258,000 after acquiring an additional 443 shares during the period. Institutional investors and hedge funds own 46.90% of the company’s stock.

German American Bancorp Trading Up 2.4 %

Shares of German American Bancorp stock opened at $46.11 on Friday. The company has a fifty day simple moving average of $39.85 and a 200-day simple moving average of $36.94. German American Bancorp has a 12-month low of $27.23 and a 12-month high of $46.58. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 16.65 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. German American Bancorp had a return on equity of 12.27% and a net margin of 23.75%. The company had revenue of $62.40 million for the quarter, compared to analyst estimates of $62.80 million. On average, equities analysts forecast that German American Bancorp will post 2.75 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, November 8th. German American Bancorp’s dividend payout ratio (DPR) is presently 38.99%.

About German American Bancorp

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.