German American Bancorp, Inc. (NASDAQ:GABC) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analyst sentiment is moderately positive: Five analysts collectively rate German American Bancorp “Moderate Buy,” with an average 12-month price target of $53.33 versus the stock’s $49.53 opening price.
• Quarterly results exceeded expectations: The bank reported earnings of $1.02 per share, beating the $0.92 consensus estimate, while revenue of $99.95 million also topped forecasts.
• Investors receive a 2.5% dividend yield: German American Bancorp pays a quarterly dividend of $0.31, or $1.24 annually, representing a 32.72% payout ratio.

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $53.33.

GABC has been the topic of several research reports. Raymond James Financial initiated coverage on German American Bancorp in a research report on Wednesday, July 8th. They set a "hold" rating on the stock. Keefe, Bruyette & Woods upped their price target on German American Bancorp from $47.00 to $51.00 and gave the stock a "market perform" rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of German American Bancorp from a "buy (a-)" rating to a "buy (a)" rating in a research note on Thursday, October 8th. Piper Sandler reiterated an "overweight" rating and issued a $60.00 price target (up from $51.00) on shares of German American Bancorp in a research note on Thursday, July 30th. Finally, 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.

Institutional Investors Weigh In On German American Bancorp

Several hedge funds have recently added to or reduced their stakes in GABC. Parallel Advisors LLC increased its holdings in shares of German American Bancorp by 220.7% during the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank's stock valued at $56,000 after acquiring an additional 927 shares in the last quarter. Allworth Financial LP purchased a new stake in German American Bancorp during the 2nd quarter valued at about $133,000. Field & Main Bank bought a new stake in German American Bancorp during the 2nd quarter valued at about $142,000. Quantbot Technologies LP purchased a new position in German American Bancorp in the second quarter worth about $143,000. Finally, Ancora Advisors LLC purchased a new position in German American Bancorp in the second quarter worth about $235,000. 46.90% of the stock is owned by institutional investors.

German American Bancorp Stock Performance

German American Bancorp stock opened at $49.53 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.86 billion, a P/E ratio of 13.07 and a beta of 0.61. German American Bancorp has a 1-year low of $37.40 and a 1-year high of $52.23. The firm has a 50-day moving average of $49.53 and a 200-day moving average of $46.81.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $99.95 million for the quarter, compared to analyst estimates of $99.22 million. Sell-side analysts expect that German American Bancorp will post 3.92 EPS for the current year.

German American Bancorp Announces Dividend

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

About German American Bancorp

German American Bancorp, Inc is a financial services holding company headquartered in Jasper, Indiana. Through its subsidiary, German American Bank, the company provides banking and related financial services to individuals, families, businesses, and institutions.

German American Bank offers deposit accounts, residential and commercial lending, agricultural loans, consumer financing, treasury management, and other traditional banking products. The company also provides wealth management, trust and investment services, insurance products, and financial planning through affiliated business lines.

The company traces its banking roots to 1910 and has expanded from its original southern Indiana market to serve communities across southern Indiana and neighboring areas of Kentucky.

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