German American Bancorp, Inc. (NASDAQ:GABC – Get Free Report) has been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $53.33.
GABC has been the topic of several research reports. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings downgraded shares of German American Bancorp from a “buy (a)” rating to a “buy (a-)” rating in a research note on Wednesday, November 4th. Keefe, Bruyette & Woods increased their price objective on shares of German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Zacks Research upgraded shares of German American Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a research note on Thursday, July 30th.
Read Our Latest Stock Analysis on GABC
German American Bancorp Stock Performance
NASDAQ:GABC opened at $50.44 on Tuesday. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 13.00 and a beta of 0.62. German American Bancorp has a 1 year low of $37.73 and a 1 year high of $52.39. The stock’s 50 day simple moving average is $49.48 and its two-hundred day simple moving average is $45.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86.
German American Bancorp (NASDAQ:GABC – Get Free Report) last posted its earnings results on Monday, October 26th. The bank reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $103.68 million during the quarter, compared to the consensus estimate of $102.65 million. German American Bancorp had a return on equity of 12.33% and a net margin of 28.78%. As a group, equities analysts anticipate that German American Bancorp will post 3.95 earnings per share for the current fiscal year.
German American Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Tuesday, November 10th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.5%. German American Bancorp’s dividend payout ratio (DPR) is presently 31.96%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Silver Oak Securities Incorporated increased its stake in German American Bancorp by 2,664.2% during the third quarter. Silver Oak Securities Incorporated now owns 20,289 shares of the bank’s stock worth $1,016,000 after acquiring an additional 19,555 shares during the last quarter. Hantz Financial Services Inc. raised its position in German American Bancorp by 3.2% during the third quarter. Hantz Financial Services Inc. now owns 25,201 shares of the bank’s stock valued at $1,219,000 after purchasing an additional 791 shares during the period. Lido Advisors LLC lifted its stake in shares of German American Bancorp by 14.6% in the 3rd quarter. Lido Advisors LLC now owns 7,852 shares of the bank’s stock valued at $380,000 after purchasing an additional 1,000 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of German American Bancorp by 38.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 18,952 shares of the bank’s stock valued at $916,000 after purchasing an additional 5,277 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of German American Bancorp in the 3rd quarter valued at approximately $1,732,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.
About German American Bancorp
German American Bancorp, Inc is a bank holding company headquartered in Jasper, Indiana. Through its subsidiary, German American Bank, it provides commercial and consumer banking services to individuals, businesses and organizations.
The company offers deposit accounts, commercial and personal loans, mortgage lending, and related banking services. Its other operations include wealth management and trust services, as well as insurance products through German American Insurance.
German American serves communities across southern Indiana and parts of Kentucky.
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