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

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings 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 brokers that have issued a report on the stock in the last year is $46.40.

A number of research analysts have weighed in on GABC shares. Keefe, Bruyette & Woods lifted their price objective on shares of German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Piper Sandler cut their price target on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th.

Insider Activity

In other news, Director Diane B. Medley bought 1,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $39.21 per share, for a total transaction of $39,210.00. Following the completion of the transaction, the director now directly owns 5,370 shares in the company, valued at $210,557.70. The trade was a 22.88 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 1,086 shares of company stock worth $42,621 over the last 90 days. 6.16% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in German American Bancorp by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 1,748,772 shares of the bank’s stock worth $70,336,000 after purchasing an additional 40,642 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in German American Bancorp by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,140,813 shares of the bank’s stock worth $45,884,000 after acquiring an additional 8,659 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in German American Bancorp by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 999,381 shares of the bank’s stock valued at $40,195,000 after acquiring an additional 44,845 shares in the last quarter. State Street Corp grew its stake in German American Bancorp by 6.9% during the 3rd quarter. State Street Corp now owns 772,675 shares of the bank’s stock valued at $29,941,000 after acquiring an additional 50,206 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in German American Bancorp by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 704,094 shares of the bank’s stock valued at $27,289,000 after acquiring an additional 11,386 shares during the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

German American Bancorp Stock Up 0.4 %

Shares of GABC opened at $34.45 on Tuesday. German American Bancorp has a 52-week low of $31.06 and a 52-week high of $47.08. The company has a market cap of $1.29 billion, a PE ratio of 12.22 and a beta of 0.61. The business has a fifty day moving average of $38.40 and a 200 day moving average of $40.43. 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 posted its earnings results 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 net margin of 23.69% and a return on equity of 12.04%. On average, sell-side analysts expect that German American Bancorp will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.37%. This is an increase from German American Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, February 10th. German American Bancorp’s dividend payout ratio (DPR) is presently 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.