German American Bancorp, Inc. (NASDAQ:GABC) Receives $45.20 Consensus Target Price from Analysts

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $45.20.

GABC has been the subject of several recent research reports. Piper Sandler dropped their price target on German American Bancorp from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Keefe, Bruyette & Woods boosted their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th.

German American Bancorp Trading Down 0.7 %

NASDAQ:GABC opened at $38.80 on Friday. The company has a market capitalization of $1.45 billion, a PE ratio of 13.76 and a beta of 0.61. German American Bancorp has a 52-week low of $31.06 and a 52-week high of $47.08. The stock has a fifty day simple moving average of $37.19 and a 200-day simple moving average of $40.15. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27.

German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The company had revenue of $81.41 million during the quarter, compared to analysts’ expectations of $79.60 million. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. On average, equities research analysts expect that German American Bancorp will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, May 9th. German American Bancorp’s payout ratio is 46.77%.

Insider Buying and Selling

In other news, Director Diane B. Medley bought 1,000 shares of German American Bancorp stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $39.21 per share, for a total transaction of $39,210.00. Following the completion of the acquisition, the director now owns 5,370 shares of the company’s stock, valued at $210,557.70. The trade was a 22.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 1,090 shares of company stock valued at $42,697. Insiders own 6.16% of the company’s stock.

Institutional Trading of German American Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Silver Oak Securities Incorporated acquired a new position in shares of German American Bancorp during the first quarter worth about $28,000. Cubist Systematic Strategies LLC acquired a new position in German American Bancorp during the 4th quarter worth $35,000. Sterling Capital Management LLC increased its position in shares of German American Bancorp by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank’s stock worth $37,000 after purchasing an additional 813 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of German American Bancorp by 399.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank’s stock valued at $39,000 after purchasing an additional 775 shares in the last quarter. Finally, KBC Group NV bought a new position in shares of German American Bancorp during the first quarter worth about $55,000. Institutional investors and hedge funds 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.