German American Bancorp, Inc. (NASDAQ:GABC) Receives $46.40 Consensus Target Price from Analysts

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have received an average rating of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. Two investment 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.

Several brokerages have recently commented on GABC. Piper Sandler decreased their price objective on shares of German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted 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.

Insider Activity at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley purchased 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $39.21 per share, with a total value of $39,210.00. Following the transaction, the director now directly owns 5,370 shares of the company’s stock, valued at approximately $210,557.70. This represents a 22.88 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 1,086 shares of company stock worth $42,621. Corporate insiders own 6.16% of the company’s stock.

Institutional Trading of German American Bancorp

Large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new position in German American Bancorp in the fourth quarter valued at $35,000. Sterling Capital Management LLC raised its position in German American Bancorp by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank’s stock valued at $37,000 after purchasing an additional 813 shares in the last quarter. Tower Research Capital LLC TRC boosted 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 buying an additional 775 shares during the period. Quantbot Technologies LP acquired a new position in shares of German American Bancorp during the third quarter worth about $99,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of German American Bancorp during the fourth quarter worth about $201,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Price Performance

NASDAQ:GABC opened at $38.83 on Friday. The company has a market capitalization of $1.45 billion, a P/E ratio of 13.77 and a beta of 0.60. 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 has a 52 week low of $31.06 and a 52 week high of $47.08. The stock’s fifty day moving average is $39.63 and its two-hundred day moving average is $40.80.

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

German American Bancorp Increases Dividend

The firm 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 positive change from German American Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.16 annualized dividend and a dividend yield of 2.99%. 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.