German American Bancorp, Inc. (NASDAQ:GABC) Given Average Rating of "Hold" by Brokerages

Key Points

• German American Bancorp, Inc. (NASDAQ:GABC) has received an average rating of "Hold" from five brokerages, with three analysts rating it as hold and two assigning buy ratings.
• The company's 12-month price objective among brokerages is set at $46.00, while shares recently traded at approximately $39.13.
• German American Bancorp has a recorded dividend yield of 3.0%, with a recent quarterly dividend of $0.29 per share paid to shareholders of record.

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) has been given an average rating of "Hold" by the five brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $46.00.

GABC has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of German American Bancorp in a research note on Saturday, September 27th. Piper Sandler upped their price target on shares of German American Bancorp from $42.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, Wall Street Zen raised shares of German American Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd.

German American Bancorp Price Performance

Shares of NASDAQ:GABC traded up $0.33 during midday trading on Friday, reaching $39.13. 93,322 shares of the company's stock were exchanged, compared to its average volume of 121,550. The company's 50 day simple moving average is $40.14 and its two-hundred day simple moving average is $38.85. The firm has a market capitalization of $1.47 billion, a PE ratio of 14.88 and a beta of 0.62. German American Bancorp has a 12 month low of $32.75 and a 12 month high of $47.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The bank reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. German American Bancorp had a net margin of 20.84% and a return on equity of 11.59%. The company had revenue of $91.16 million during the quarter, compared to the consensus estimate of $91.93 million. Equities research analysts expect that German American Bancorp will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Sunday, August 10th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, August 8th. German American Bancorp's payout ratio is currently 44.11%.

Insider Activity at German American Bancorp

In other news, Director Diane B. Medley acquired 882 shares of German American Bancorp stock in a transaction on Monday, August 4th. The shares were purchased at an average cost of $37.95 per share, for a total transaction of $33,471.90. Following the completion of the purchase, the director directly owned 6,252 shares of the company's stock, valued at approximately $237,263.40. This represents a 16.42% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought 3,352 shares of company stock valued at $133,482 in the last 90 days. Corporate insiders own 6.16% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in German American Bancorp by 20.4% during the 1st quarter. Vanguard Group Inc. now owns 2,106,784 shares of the bank's stock worth $79,004,000 after purchasing an additional 357,360 shares during the last quarter. Champlain Investment Partners LLC grew its position in shares of German American Bancorp by 11.6% during the 2nd quarter. Champlain Investment Partners LLC now owns 1,304,428 shares of the bank's stock worth $50,234,000 after buying an additional 135,073 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of German American Bancorp by 11.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,109,170 shares of the bank's stock worth $41,594,000 after buying an additional 109,789 shares during the period. Geode Capital Management LLC grew its position in shares of German American Bancorp by 14.1% during the 2nd quarter. Geode Capital Management LLC now owns 952,803 shares of the bank's stock worth $36,697,000 after buying an additional 117,664 shares during the period. Finally, German American Bancorp Inc. grew its position in shares of German American Bancorp by 10.2% during the 2nd quarter. German American Bancorp Inc. now owns 590,221 shares of the bank's stock worth $22,729,000 after buying an additional 54,504 shares during the period. Institutional investors own 46.90% of the company's stock.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.

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