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

German American Bancorp, Inc. (NASDAQ:GABC) has been given an average recommendation of “Moderate Buy” by the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $45.40.

A number of analysts have issued reports on GABC shares. Stephens assumed coverage on German American Bancorp in a research note on Tuesday, October 15th. They issued an “overweight” rating and a $45.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price target on shares of German American Bancorp from $43.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Hovde Group raised shares of German American Bancorp from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $48.00 in a research note on Wednesday, October 30th.

German American Bancorp Trading Down 3.4 %

Shares of GABC opened at $38.85 on Friday. The firm has a market cap of $1.15 billion, a P/E ratio of 14.03 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. German American Bancorp has a 1 year low of $30.26 and a 1 year high of $47.08. The company has a 50 day simple moving average of $43.39 and a two-hundred day simple moving average of $39.89.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.71 EPS for the quarter, beating the consensus estimate of $0.70 by $0.01. German American Bancorp had a net margin of 23.75% and a return on equity of 11.94%. The business had revenue of $62.40 million during the quarter, compared to the consensus estimate of $62.80 million. On average, equities analysts expect that German American Bancorp will post 2.76 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, November 8th. German American Bancorp’s dividend payout ratio is currently 38.99%.

Hedge Funds Weigh In On German American Bancorp

Large investors have recently bought and sold shares of the business. Cerity Partners LLC raised its holdings in shares of German American Bancorp by 1.1% in the third quarter. Cerity Partners LLC now owns 30,922 shares of the bank’s stock valued at $1,198,000 after acquiring an additional 323 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of German American Bancorp by 6.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after purchasing an additional 365 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of German American Bancorp by 5.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 20,610 shares of the bank’s stock valued at $799,000 after purchasing an additional 1,097 shares in the last quarter. Rhumbline Advisers lifted its position in shares of German American Bancorp by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 47,992 shares of the bank’s stock worth $1,697,000 after purchasing an additional 1,214 shares during the period. Finally, Rosenthal Henry Capital Advisors Inc. boosted its stake in shares of German American Bancorp by 2.1% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 62,415 shares of the bank’s stock valued at $2,419,000 after purchasing an additional 1,290 shares in the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.

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.