German American Bancorp, Inc. (NASDAQ:GABC) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate German American Bancorp “Moderate Buy,” with two buy ratings, one strong buy, and two holds. The average 12-month price target is $53.33, including Piper Sandler’s raised $60 target.
• The bank exceeded quarterly expectations, reporting $1.02 EPS versus the $0.92 consensus and revenue of $99.95 million versus estimates of $99.22 million.
• German American Bancorp paid a quarterly dividend of $0.31 per share, representing $1.24 annually and a 2.5% yield; institutional investors own 46.9% of the company.

Shares of German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) have been given an average rating of "Moderate Buy" by the five research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $53.3333.

A number of brokerages have recently weighed in on GABC. Piper Sandler restated an "overweight" rating and issued a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a report on Thursday, July 30th. 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. Keefe, Bruyette & Woods lifted their target price on shares of German American Bancorp from $47.00 to $51.00 and gave the stock a "market perform" rating in a research report on Thursday, July 30th. Wall Street Zen raised shares of German American Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of German American Bancorp from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday.

German American Bancorp Stock Performance

Shares of NASDAQ GABC opened at $49.13 on Monday. The stock's 50-day moving average is $49.69 and its 200 day moving average is $45.69. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 12.96 and a beta of 0.58. German American Bancorp has a 1-year low of $37.19 and a 1-year high of $52.23. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its earnings results on Monday, July 27th. The bank reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.10. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%.The business had revenue of $99.95 million during the quarter, compared to analyst estimates of $99.22 million. On average, sell-side analysts anticipate that German American Bancorp will post 3.86 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were issued a dividend of $0.31 per share. The ex-dividend date was Monday, August 10th. This represents a $1.24 annualized dividend and a yield of 2.5%. German American Bancorp's dividend payout ratio is currently 32.72%.

Institutional Trading of German American Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in shares of German American Bancorp by 220.7% in the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank's stock worth $56,000 after purchasing an additional 927 shares during the last quarter. Allworth Financial LP bought a new stake in German American Bancorp during the 2nd quarter valued at $133,000. Field & Main Bank purchased a new stake in German American Bancorp during the 2nd quarter valued at $142,000. Quantbot Technologies LP bought a new stake in German American Bancorp in the 2nd quarter worth $143,000. Finally, Fort Point Capital Partners LLC bought a new stake in German American Bancorp in the 4th quarter worth $203,000. Institutional investors own 46.90% of the company's stock.

German American Bancorp Company Profile

German American Bancorp, Inc is a financial holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, the company provides a range of banking and financial services to individuals, families, farmers, businesses and other organizations.

Its banking activities include deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, business loans, treasury management and other financial services. The company also offers wealth management services, including investment management, trust administration and retirement planning, as well as insurance products through affiliated operations.

German American Bancorp traces its history to the founding of German American Bank in 1910.

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