Analysts Set German American Bancorp, Inc. (NASDAQ:GABC) Price Target at $46.40

German American Bancorp, Inc. (NASDAQ:GABC) has received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $46.40.

Several equities research analysts have recently commented on GABC shares. Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $48.00 in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler dropped their target price on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On German American Bancorp

Institutional investors have recently bought and sold shares of the company. Cerity Partners LLC lifted its holdings in shares of German American Bancorp by 1.1% during the 3rd quarter. Cerity Partners LLC now owns 30,922 shares of the bank’s stock valued at $1,198,000 after purchasing an additional 323 shares during the last quarter. BNP Paribas Financial Markets increased its position in German American Bancorp by 6.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after buying an additional 365 shares in the last quarter. Quantbot Technologies LP boosted its holdings in German American Bancorp by 15.2% in the fourth quarter. Quantbot Technologies LP now owns 2,952 shares of the bank’s stock worth $119,000 after acquiring an additional 389 shares in the last quarter. Forvis Mazars Wealth Advisors LLC boosted its holdings in German American Bancorp by 4.1% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 10,371 shares of the bank’s stock worth $417,000 after acquiring an additional 405 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of German American Bancorp by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,221 shares of the bank’s stock worth $652,000 after acquiring an additional 536 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors and hedge funds.

German American Bancorp Trading Down 0.5 %

Shares of NASDAQ GABC opened at $39.95 on Monday. German American Bancorp has a twelve month low of $30.66 and a twelve month high of $47.08. The firm has a market cap of $1.19 billion, a PE ratio of 14.17 and a beta of 0.64. The business has a fifty day simple moving average of $40.43 and a two-hundred day simple moving average of $40.71. 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 released its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 earnings per share 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%. Analysts expect that German American Bancorp will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 10th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Monday, February 10th. This is a positive change from German American Bancorp’s previous quarterly dividend of $0.27. German American Bancorp’s payout ratio is 41.13%.

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.