German American Bancorp, Inc. (NASDAQ:GABC) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Five brokerages covering German American Bancorp include two buy ratings, one strong-buy rating and two holds, with an average 12-month price target of $53.33.
• Quarterly earnings exceeded expectations: The bank reported earnings of $1.02 per share versus the $0.92 consensus estimate, while revenue totaled $98.02 million. Analysts expect full-year earnings of approximately $3.86 per share.
• Shareholders received a 2.5% dividend yield: German American Bancorp paid a quarterly dividend of $0.31 per share, equal to $1.24 annually, with a payout ratio of 32.72%; institutional investors own 46.9% of the stock.

Shares of German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $53.3333.

Several research analysts have issued reports on GABC shares. Piper Sandler reaffirmed 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, July 30th. Stephens boosted their target price on German American Bancorp from $47.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. Wall Street Zen raised German American Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Raymond James Financial assumed coverage on German American Bancorp in a research report on Wednesday, July 8th. They issued a "hold" rating for the company. Finally, Weiss Ratings raised German American Bancorp from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday, August 13th.

German American Bancorp Stock Down 0.1%

Shares of GABC stock opened at $49.59 on Thursday. German American Bancorp has a 1 year low of $37.19 and a 1 year high of $52.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. The business's fifty day moving average is $48.75 and its 200-day moving average is $44.90. The stock has a market cap of $1.86 billion, a PE ratio of 13.08 and a beta of 0.58.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, beating 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 $98.02 million during the quarter, compared to analyst estimates of $99.22 million. Equities analysts expect that German American Bancorp will post 3.86 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

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

Institutional Investors Weigh In On German American Bancorp

Large investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its position in shares of German American Bancorp by 6,713.7% in the 2nd quarter. California State Teachers Retirement System now owns 2,071,629 shares of the bank's stock valued at $98,320,000 after acquiring an additional 2,041,225 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its position in German American Bancorp by 22.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 22,409 shares of the bank's stock worth $1,064,000 after purchasing an additional 4,035 shares in the last quarter. Field & Main Bank purchased a new position in German American Bancorp during the 2nd quarter worth approximately $142,000. Glenview Trust Co acquired a new stake in German American Bancorp during the 2nd quarter valued at $1,793,000. Finally, Bank of America Corp DE purchased a new stake in shares of German American Bancorp in the second quarter valued at $3,531,000. Institutional investors and hedge funds own 46.90% of the company's stock.

German American Bancorp Company Profile

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.

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