Brokerages Set German American Bancorp, Inc. (NASDAQ:GABC) Price Target at $45.20

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

Separately, Piper Sandler cut 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 report on Thursday, May 1st.

German American Bancorp Trading Down 0.3%

Shares of German American Bancorp stock traded down $0.12 during trading on Friday, reaching $38.35. 149,418 shares of the company were exchanged, compared to its average volume of 113,700. The business has a 50-day moving average price of $37.94 and a 200-day moving average price of $38.88. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.46 and a beta of 0.59. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21. German American Bancorp has a twelve month low of $32.75 and a twelve month high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The firm had revenue of $81.41 million for the quarter, compared to analysts' expectations of $79.60 million. German American Bancorp had a return on equity of 11.53% and a net margin of 19.78%. Sell-side analysts anticipate that German American Bancorp will post 3.06 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, May 9th. This represents a $1.16 annualized dividend and a yield of 3.02%. German American Bancorp's dividend payout ratio is presently 46.77%.

Insiders Place Their Bets

In other German American Bancorp news, Director Jason M. Kelly sold 2,515 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $39.55, for a total value of $99,468.25. Following the sale, the director now owns 11,673 shares in the company, valued at approximately $461,667.15. The trade was a 17.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 341 shares of company stock worth $13,002 over the last ninety days. 6.16% of the stock is currently owned by corporate insiders.

Institutional Trading of German American Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Silver Oak Securities Incorporated bought a new position in German American Bancorp in the first quarter valued at $28,000. SouthState Corp acquired a new position in shares of German American Bancorp during the 1st quarter worth about $28,000. Cubist Systematic Strategies LLC acquired a new position in shares of German American Bancorp during the 4th quarter worth about $35,000. Sterling Capital Management LLC grew its holdings in shares of German American Bancorp by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock valued at $37,000 after acquiring an additional 813 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of German American Bancorp by 399.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank's stock valued at $39,000 after acquiring an additional 775 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors and hedge funds.

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.