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

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the stock, 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $45.20.

Separately, Piper Sandler lowered their target price 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.

Insider Activity

In related news, Director Jason M. Kelly sold 2,515 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $39.55, for a total transaction of $99,468.25. Following the completion of the transaction, the director directly owned 11,673 shares in the company, valued at $461,667.15. This represents a 17.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have acquired a total of 2,785 shares of company stock valued at $112,078 in the last 90 days. Company insiders own 6.16% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GABC. Silver Oak Securities Incorporated acquired a new position in shares of German American Bancorp in the first quarter valued at $28,000. SouthState Corp acquired a new position in shares of German American Bancorp in the 1st quarter valued at $28,000. Cubist Systematic Strategies LLC acquired a new position in shares of German American Bancorp in the 4th quarter valued at $35,000. Sterling Capital Management LLC lifted its holdings in shares of German American Bancorp by 821.2% during the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock worth $37,000 after acquiring an additional 813 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in 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 period. Institutional investors and hedge funds own 46.90% of the company's stock.

German American Bancorp Stock Up 0.2%

Shares of GABC stock traded up $0.08 on Thursday, hitting $40.87. The company's stock had a trading volume of 127,941 shares, compared to its average volume of 118,460. German American Bancorp has a fifty-two week low of $32.75 and a fifty-two week high of $47.08. The firm's fifty day moving average price is $38.93 and its 200-day moving average price is $38.62. 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 has a market capitalization of $1.53 billion, a price-to-earnings ratio of 16.48 and a beta of 0.59.

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

German American Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Saturday, May 10th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.16 annualized dividend and a dividend yield of 2.84%. German American Bancorp's dividend payout ratio is 46.77%.

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.