German American Bancorp, Inc. (NASDAQ:GABC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

German American Bancorp, Inc. (NASDAQ:GABC) has received a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. Two equities 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 brokerages that have issued a report on the stock in the last year is $46.40.

GABC has been the subject of a number of research analyst reports. Piper Sandler lowered their price objective on shares of German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Hovde Group raised German American Bancorp from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $48.00 in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their target price on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. acquired a new stake in German American Bancorp in the 3rd quarter valued at about $597,000. Barclays PLC raised its holdings in German American Bancorp by 577.6% in the third quarter. Barclays PLC now owns 69,271 shares of the bank’s stock valued at $2,684,000 after acquiring an additional 59,048 shares in the last quarter. State Street Corp raised its holdings in German American Bancorp by 6.9% in the third quarter. State Street Corp now owns 772,675 shares of the bank’s stock valued at $29,941,000 after acquiring an additional 50,206 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in German American Bancorp by 154.6% in the third quarter. JPMorgan Chase & Co. now owns 60,850 shares of the bank’s stock worth $2,358,000 after acquiring an additional 36,954 shares during the last quarter. Finally, German American Bancorp Inc. grew its holdings in German American Bancorp by 160.1% during the 3rd quarter. German American Bancorp Inc. now owns 514,018 shares of the bank’s stock worth $19,918,000 after acquiring an additional 316,400 shares in the last quarter. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

German American Bancorp Trading Down 1.4 %

Shares of German American Bancorp stock opened at $39.27 on Monday. The stock has a 50 day moving average of $40.24 and a 200 day moving average of $40.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 13.93 and a beta of 0.64. German American Bancorp has a fifty-two week low of $30.66 and a fifty-two week high of $47.08.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, February 3rd. The bank reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. As a group, research analysts predict that German American Bancorp will post 3.06 earnings per share for the current year.

German American Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were paid a $0.29 dividend. This is a boost from German American Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Monday, February 10th. German American Bancorp’s dividend payout ratio (DPR) is presently 41.13%.

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.