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

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

Several brokerages have weighed in on GABC. Keefe, Bruyette & Woods upped 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. Piper Sandler reduced their target price on shares of 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.

German American Bancorp Price Performance

Shares of German American Bancorp stock opened at $38.66 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.71 and a beta of 0.60. German American Bancorp has a 1-year low of $31.06 and a 1-year high of $47.08. The firm’s 50-day moving average price is $39.62 and its two-hundred day moving average price is $40.81.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 earnings per share for the quarter, topping 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, equities analysts predict that German American Bancorp will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were given a dividend of $0.29 per share. This is an increase 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 3.00%. German American Bancorp’s dividend payout ratio is currently 41.13%.

Insider Transactions at German American Bancorp

In related news, Director Diane B. Medley acquired 1,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 5,370 shares of the company’s stock, valued at approximately $210,557.70. The trade was a 22.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 1,064 shares of company stock valued at $41,764 over the last quarter. Corporate insiders own 6.16% of the company’s stock.

Institutional Investors Weigh In On German American Bancorp

Several large investors have recently made changes to their positions in the stock. German American Bancorp Inc. grew its position in German American Bancorp by 160.1% in the third quarter. German American Bancorp Inc. now owns 514,018 shares of the bank’s stock valued at $19,918,000 after purchasing an additional 316,400 shares in the last quarter. Franklin Resources Inc. grew its position in German American Bancorp by 13.0% in the third quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank’s stock valued at $67,557,000 after purchasing an additional 196,003 shares in the last quarter. Royce & Associates LP grew its position in German American Bancorp by 138.2% in the fourth quarter. Royce & Associates LP now owns 317,221 shares of the bank’s stock valued at $12,759,000 after purchasing an additional 184,065 shares in the last quarter. First Trust Advisors LP grew its position in German American Bancorp by 437.1% in the fourth quarter. First Trust Advisors LP now owns 96,438 shares of the bank’s stock valued at $3,879,000 after purchasing an additional 78,482 shares in the last quarter. Finally, Barclays PLC grew its position in German American Bancorp by 577.6% in the third quarter. Barclays PLC now owns 69,271 shares of the bank’s stock valued at $2,684,000 after purchasing an additional 59,048 shares in the last quarter. Institutional investors own 46.90% of the company’s stock.

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.