German American Bancorp, Inc. (NASDAQ:GABC) Receives Average Recommendation of "Moderate Buy" from Analysts

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $45.20.

Separately, 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 report on Thursday, May 1st.

German American Bancorp Stock Up 0.2%

GABC traded up $0.08 during midday trading on Friday, hitting $36.88. 448,730 shares of the company's stock traded hands, compared to its average volume of 112,620. German American Bancorp has a one year low of $32.75 and a one year high of $47.08. The company has a market cap of $1.38 billion, a PE ratio of 14.87 and a beta of 0.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86. The stock's fifty day simple moving average is $37.81 and its 200-day simple moving average is $38.98.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The bank reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. German American Bancorp had a net margin of 19.78% and a return on equity of 11.53%. The company had revenue of $81.41 million for the quarter, compared to analyst estimates of $79.60 million. As a group, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Saturday, May 10th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Friday, May 9th. German American Bancorp's payout ratio is presently 46.77%.

Insider Activity at German American Bancorp

In related news, Director Jason M. Kelly sold 2,515 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $39.55, for a total value of $99,468.25. Following the completion of the sale, the director now owns 11,673 shares in the company, valued at approximately $461,667.15. This trade represents a 17.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 341 shares of company stock worth $13,002. Company insiders own 6.16% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in German American Bancorp by 11.9% during the first quarter. Rhumbline Advisers now owns 52,893 shares of the bank's stock worth $1,983,000 after purchasing an additional 5,609 shares during the period. Ellsworth Advisors LLC lifted its stake in German American Bancorp by 11.2% during the first quarter. Ellsworth Advisors LLC now owns 15,963 shares of the bank's stock worth $599,000 after purchasing an additional 1,612 shares during the period. Focus Partners Wealth bought a new position in German American Bancorp during the first quarter worth about $5,987,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in German American Bancorp by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank's stock worth $2,076,000 after purchasing an additional 4,907 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in German American Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank's stock worth $635,000 after purchasing an additional 711 shares during the period. Institutional investors own 46.90% of the company's stock.

About German American Bancorp

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.