Analysts Set German American Bancorp, Inc. (NASDAQ:GABC) PT at $45.40

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $45.40.

GABC has been the subject of several recent analyst reports. Stephens started coverage on shares of German American Bancorp in a report on Tuesday, October 15th. They issued an “overweight” rating and a $45.00 target price for the company. Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $41.00 to $48.00 in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods upped their price objective on German American Bancorp from $43.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Hedge Funds Weigh In On German American Bancorp

A number of institutional investors have recently bought and sold shares of GABC. Bank of New York Mellon Corp increased its holdings in German American Bancorp by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 202,717 shares of the bank’s stock worth $7,166,000 after acquiring an additional 8,028 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of German American Bancorp during the 2nd quarter valued at $1,034,000. Aptus Capital Advisors LLC raised its position in shares of German American Bancorp by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 108,371 shares of the bank’s stock valued at $3,831,000 after purchasing an additional 21,525 shares during the period. Rhumbline Advisers lifted its stake in shares of German American Bancorp by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 47,992 shares of the bank’s stock valued at $1,697,000 after buying an additional 1,214 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in German American Bancorp by 303.3% in the 2nd quarter. LSV Asset Management now owns 29,300 shares of the bank’s stock worth $1,036,000 after buying an additional 22,035 shares during the period. 46.90% of the stock is owned by institutional investors.

German American Bancorp Price Performance

Shares of NASDAQ GABC opened at $38.85 on Friday. 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 has a fifty-two week low of $30.26 and a fifty-two week high of $47.08. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 14.03 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81.

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

German American Bancorp Announces Dividend

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

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.