German American Bancorp (NASDAQ:GABC) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of German American Bancorp (NASDAQ:GABCFree Report) from a sell rating to a hold rating in a report issued on Saturday morning.

Other research analysts have also recently issued reports about the stock. Raymond James Financial assumed coverage on shares of German American Bancorp in a report on Wednesday, July 8th. They set a “hold” rating on the stock. Piper Sandler restated an “overweight” rating and issued a $60.00 price target (up from $51.00) on shares of German American Bancorp in a report on Thursday. Stephens upped their price target on shares of German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings raised shares of German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 13th. Finally, Keefe, Bruyette & Woods lifted their target price on German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.33.

View Our Latest Stock Analysis on German American Bancorp

German American Bancorp Trading Down 0.5%

GABC opened at $50.88 on Friday. The stock’s fifty day moving average is $46.51 and its two-hundred day moving average is $43.72. The company has a market capitalization of $1.91 billion, a P/E ratio of 13.42 and a beta of 0.59. German American Bancorp has a 52 week low of $36.56 and a 52 week high of $52.23. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.14.

German American Bancorp (NASDAQ:GABCGet Free Report) last issued its earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.10. German American Bancorp had a return on equity of 12.30% and a net margin of 28.25%.The business had revenue of $101.34 million during the quarter, compared to analysts’ expectations of $99.22 million. Analysts forecast that German American Bancorp will post 3.82 earnings per share for the current year.

German American Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be paid a $0.31 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.4%. German American Bancorp’s dividend payout ratio is presently 32.72%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its position in German American Bancorp by 220.7% in the 1st quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after purchasing an additional 927 shares in the last quarter. Bank of America Corp DE boosted its holdings in German American Bancorp by 23.4% during the first quarter. Bank of America Corp DE now owns 64,688 shares of the bank’s stock worth $2,703,000 after buying an additional 12,263 shares in the last quarter. Quantinno Capital Management LP grew its position in German American Bancorp by 16.1% during the first quarter. Quantinno Capital Management LP now owns 12,483 shares of the bank’s stock valued at $522,000 after buying an additional 1,728 shares during the period. Entropy Technologies LP purchased a new position in German American Bancorp in the first quarter valued at $258,000. Finally, Renaissance Technologies LLC increased its holdings in German American Bancorp by 15.3% in the first quarter. Renaissance Technologies LLC now owns 109,249 shares of the bank’s stock valued at $4,566,000 after buying an additional 14,500 shares in the last quarter. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

German American Bancorp Company Profile

(Get Free Report)

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company’s core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.

Recommended Stories

Analyst Recommendations for German American Bancorp (NASDAQ:GABC)

Receive News & Ratings for German American Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.