German American Bancorp, Inc. (NASDAQ:GABC) Given Consensus Rating of “Moderate Buy” by Brokerages

German American Bancorp, Inc. (NASDAQ:GABC) has been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the firm, 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 twelve-month price objective among brokers that have covered the stock in the last year is $45.20.

A number of research analysts recently commented on GABC shares. Piper Sandler dropped their target price on shares of German American Bancorp from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Keefe, Bruyette & Woods lifted their target price on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th.

Insider Transactions at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley acquired 1,000 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $39.21 per share, with a total value of $39,210.00. Following the acquisition, the director now owns 5,370 shares of the company’s stock, valued at $210,557.70. This trade represents a 22.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 1,090 shares of company stock worth $42,697 over the last ninety days. 6.16% of the stock is currently owned by company insiders.

Institutional Trading of German American Bancorp

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. acquired a new stake in German American Bancorp in the third quarter valued at $597,000. Barclays PLC increased its holdings in shares of German American Bancorp by 577.6% in the 3rd 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. JPMorgan Chase & Co. lifted its stake in shares of German American Bancorp by 154.6% in the third quarter. JPMorgan Chase & Co. now owns 60,850 shares of the bank’s stock valued at $2,358,000 after purchasing an additional 36,954 shares during the period. Intech Investment Management LLC purchased a new stake in German American Bancorp during the fourth quarter worth about $489,000. Finally, Charles Schwab Investment Management Inc. grew its position in German American Bancorp by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 999,381 shares of the bank’s stock worth $40,195,000 after buying an additional 44,845 shares during the period. 46.90% of the stock is owned by institutional investors and hedge funds.

German American Bancorp Trading Down 0.7 %

Shares of NASDAQ:GABC opened at $38.80 on Friday. The company has a market cap of $1.45 billion, a PE ratio of 13.76 and a beta of 0.61. The company’s 50 day moving average is $37.19 and its two-hundred day moving average is $40.15. German American Bancorp has a 52 week low of $31.06 and a 52 week high of $47.08. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. The firm had revenue of $81.41 million during the quarter, compared to the consensus estimate of $79.60 million. Equities analysts predict that German American Bancorp will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Saturday, May 10th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Friday, May 9th. German American Bancorp’s dividend payout ratio (DPR) is presently 46.77%.

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.