German American Bancorp, Inc. (NASDAQ:GABC) Stock Has Consensus Target Price of $53.33

Shares of German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) have earned an average rating of "Buy" from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $53.33.

A number of equities analysts have weighed in on GABC shares. 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. 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. Keefe, Bruyette & Woods raised 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 note on Monday, November 2nd. Finally, Weiss Ratings cut shares of German American Bancorp from a "buy (a)" rating to a "buy (a-)" rating in a research note on Wednesday, November 4th.

Hedge Funds Weigh In On German American Bancorp

Several large investors have recently made changes to their positions in the business. Silver Oak Securities Incorporated increased its holdings in German American Bancorp by 2,664.2% in the 3rd quarter. Silver Oak Securities Incorporated now owns 20,289 shares of the bank's stock valued at $1,016,000 after acquiring an additional 19,555 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of 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 in the last quarter. Lido Advisors LLC grew its position in shares of German American Bancorp by 14.6% during the third 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 in the last quarter. Kestra Advisory Services LLC grew its position in shares of German American Bancorp by 38.6% during the third 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of German American Bancorp in the third quarter worth about $1,732,000. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

German American Bancorp Trading Up 0.7%

Shares of NASDAQ:GABC opened at $50.44 on Tuesday. The stock has a 50 day moving average of $49.48 and a 200 day moving average of $45.95. The company has a market cap of $1.90 billion, a PE ratio of 13.00 and a beta of 0.62. 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 has a 12-month low of $37.73 and a 12-month high of $52.39.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its earnings results on Monday, October 26th. The bank reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.02. German American Bancorp had a net margin of 28.78% and a return on equity of 12.33%. The company had revenue of $103.68 million for the quarter, compared to analysts' expectations of $102.65 million. As a group, equities research analysts expect that German American Bancorp will post 3.95 EPS for the current year.

German American Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Tuesday, November 10th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, November 10th. German American Bancorp's dividend payout ratio is presently 31.96%.

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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