German American Bancorp, Inc. (NASDAQ:GABC) Receives $45.20 Average PT from Analysts

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) has received a consensus rating of "Moderate Buy" from the five analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $45.20.

GABC has been the topic of several recent analyst reports. Piper Sandler dropped their price target on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Keefe, Bruyette & Woods upped their price objective on shares of German American Bancorp from $46.00 to $47.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th.

Insider Activity

In other German American Bancorp news, Director Diane B. Medley bought 1,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $39.21 per share, with a total value of $39,210.00. Following the purchase, the director now directly owns 5,370 shares of the company's stock, valued at approximately $210,557.70. The trade was a 22.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders bought 1,090 shares of company stock worth $42,697. 6.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On German American Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of GABC. Barclays PLC grew its position in German American Bancorp by 577.6% during the third quarter. Barclays PLC now owns 69,271 shares of the bank's stock valued at $2,684,000 after purchasing an additional 59,048 shares in the last quarter. Franklin Resources Inc. increased its holdings in German American Bancorp by 13.0% in the third quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank's stock valued at $67,557,000 after purchasing an additional 196,003 shares during the last quarter. Principal Financial Group Inc. bought a new stake in German American Bancorp in the third quarter valued at approximately $597,000. JPMorgan Chase & Co. grew its position in shares of German American Bancorp by 154.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 60,850 shares of the bank's stock valued at $2,358,000 after purchasing an additional 36,954 shares during the period. Finally, Ellsworth Advisors LLC acquired a new stake in shares of German American Bancorp in the 4th quarter valued at about $577,000. 46.90% of the stock is owned by institutional investors and hedge funds.

German American Bancorp Stock Up 0.3 %

NASDAQ GABC traded up $0.11 during trading hours on Friday, hitting $38.54. 10,342 shares of the company were exchanged, compared to its average volume of 107,514. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 13.67 and a beta of 0.61. The company has a 50 day moving average of $37.22 and a two-hundred day moving average of $40.16. German American Bancorp has a 52-week low of $31.06 and a 52-week high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The bank reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $81.41 million during the quarter, compared to analysts' expectations of $79.60 million. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. Equities research analysts anticipate that German American Bancorp will post 3.06 earnings per share for the current year.

German American Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.16 annualized dividend and a yield of 3.01%. German American Bancorp's dividend payout ratio is currently 46.77%.

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.