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

Shares of German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $45.20.

Separately, Piper Sandler reduced their target price on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating for the company in a report on Thursday, May 1st.

German American Bancorp Stock Up 0.2%

Shares of NASDAQ:GABC traded up $0.08 during trading on Thursday, hitting $40.87. The company's stock had a trading volume of 127,941 shares, compared to its average volume of 117,279. The business has a 50 day moving average price of $38.97 and a two-hundred day moving average price of $38.61. The company has a market capitalization of $1.53 billion, a PE ratio of 16.48 and a beta of 0.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86. German American Bancorp has a fifty-two week low of $32.75 and a fifty-two week high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The business 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 19.78% and a return on equity of 11.53%. As a group, research analysts expect that German American Bancorp will post 3.06 EPS for the current fiscal year.

German American Bancorp Announces Dividend

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

Insiders Place Their Bets

In other German American Bancorp news, Director Jason M. Kelly sold 2,515 shares of the stock in a transaction that occurred 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 transaction, the director owned 11,673 shares of the company's stock, valued at $461,667.15. This trade represents a 17.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 2,785 shares of company stock worth $112,078 over the last quarter. Company insiders own 6.16% of the company's stock.

Institutional Investors Weigh In On German American Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated acquired a new position in German American Bancorp during the 1st quarter worth $28,000. SouthState Corp acquired a new position in German American Bancorp during the 1st quarter worth $28,000. Cubist Systematic Strategies LLC acquired a new position in German American Bancorp during the 4th quarter worth $35,000. Sterling Capital Management LLC grew its holdings in 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 in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in German American Bancorp by 399.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank's stock worth $39,000 after acquiring an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 46.90% of the company's stock.

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.