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 ratings firms that are currently covering the company, 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 ratings on the stock in the last year is $53.3333.

Several equities research analysts have commented on the stock. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a research note on Thursday, July 30th. Raymond James Financial started coverage on German American Bancorp in a research note on Wednesday, July 8th. They issued a “hold” rating on the stock. Stephens upped their target price on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Weiss Ratings raised German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 13th. Finally, Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 1st.

Hedge Funds Weigh In On German American Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in GABC. Ameriprise Financial Inc. grew its position in German American Bancorp by 2.9% during the third quarter. Ameriprise Financial Inc. now owns 13,370 shares of the bank’s stock valued at $525,000 after buying an additional 371 shares during the period. ProShare Advisors LLC raised its position in German American Bancorp by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,629 shares of the bank’s stock worth $260,000 after acquiring an additional 426 shares during the period. Pettinga Financial Advisors LLC boosted its stake in German American Bancorp by 4.4% in the fourth quarter. Pettinga Financial Advisors LLC now owns 11,613 shares of the bank’s stock valued at $455,000 after acquiring an additional 492 shares during the last quarter. Glenview Trust Co boosted its stake in German American Bancorp by 10.1% in the fourth quarter. Glenview Trust Co now owns 7,633 shares of the bank’s stock valued at $299,000 after acquiring an additional 700 shares during the last quarter. Finally, Diversified Trust Co grew its position in shares of German American Bancorp by 4.3% during the 1st quarter. Diversified Trust Co now owns 17,164 shares of the bank’s stock valued at $717,000 after acquiring an additional 700 shares during the period. 46.90% of the stock is owned by hedge funds and other institutional investors.

German American Bancorp Stock Performance

Shares of GABC stock opened at $50.50 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50-day moving average of $47.25 and a 200-day moving average of $44.10. German American Bancorp has a one year low of $37.19 and a one year high of $52.23. The company has a market cap of $1.90 billion, a P/E ratio of 13.32 and a beta of 0.58.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.10. German American Bancorp had a net margin of 28.25% and a return on equity of 12.30%. The business had revenue of $98.02 million for the quarter, compared to analysts’ expectations of $99.22 million. Equities research analysts forecast that German American Bancorp will post 3.86 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.24 annualized dividend and a dividend yield of 2.5%. German American Bancorp’s dividend payout ratio (DPR) is currently 32.72%.

About German American Bancorp

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.