German American Bancorp, Inc. (NASDAQ:GABC) Given Average Rating of "Moderate Buy" by Analysts

Shares of German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) have received an average rating of "Moderate Buy" from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $45.20.

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on German American Bancorp from $46.00 to $47.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. Piper Sandler reduced their price target on German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Thursday.

Insider Activity at German American Bancorp

In related news, Director Diane B. Medley bought 1,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of $39.21 per share, with a total value of $39,210.00. Following the completion of the purchase, the director now owns 5,370 shares in the company, valued at approximately $210,557.70. The trade was a 22.88 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 1,090 shares of company stock valued at $42,697 in the last 90 days. Corporate insiders own 6.16% of the company's stock.

Hedge Funds Weigh In On German American Bancorp

A number of hedge funds have recently bought and sold shares of GABC. Franklin Resources Inc. lifted its stake in shares of German American Bancorp by 13.0% in the third quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank's stock worth $67,557,000 after buying an additional 196,003 shares in the last quarter. Royce & Associates LP raised its holdings in German American Bancorp by 138.2% in the 4th quarter. Royce & Associates LP now owns 317,221 shares of the bank's stock worth $12,759,000 after acquiring an additional 184,065 shares during the last quarter. Strategic Value Bank Partners LLC bought a new position in German American Bancorp in the 1st quarter valued at approximately $6,145,000. L.M. Kohn & Company boosted its stake in German American Bancorp by 34.7% during the 1st quarter. L.M. Kohn & Company now owns 490,458 shares of the bank's stock valued at $18,392,000 after purchasing an additional 126,236 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of German American Bancorp by 437.1% in the 4th quarter. First Trust Advisors LP now owns 96,438 shares of the bank's stock worth $3,879,000 after purchasing an additional 78,482 shares in the last quarter. Institutional investors own 46.90% of the company's stock.

German American Bancorp Stock Performance

Shares of GABC stock opened at $38.85 on Friday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.78 and a beta of 0.61. The stock has a fifty day moving average of $37.29 and a 200 day moving average of $40.21. German American Bancorp has a 52 week low of $31.06 and a 52 week high of $47.08. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its 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. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. The firm had revenue of $81.41 million during the quarter, compared to analysts' expectations of $79.60 million. As a group, research analysts expect that German American Bancorp will post 3.06 earnings per share for the current year.

German American Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Saturday, May 10th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.99%. German American Bancorp's dividend payout ratio is currently 41.13%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.