German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $45.20.
A number of analysts recently weighed in on GABC shares. Keefe, Bruyette & Woods lifted their price target on German American Bancorp from $46.00 to $47.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th. Piper Sandler decreased 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, May 1st.
Read Our Latest Report on German American Bancorp
German American Bancorp Trading Down 0.4%
NASDAQ:GABC traded down $0.15 on Wednesday, hitting $38.36. The stock had a trading volume of 102,750 shares, compared to its average volume of 108,979. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 13.60 and a beta of 0.61. 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 has a 1-year low of $31.06 and a 1-year high of $47.08. The company has a fifty day moving average price of $37.34 and a two-hundred day moving average price of $39.92.
German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, beating 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 return on equity of 12.04% and a net margin of 23.69%. Equities research analysts expect that German American Bancorp will post 3.06 earnings per share for the current fiscal year.
German American Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.02%. The ex-dividend date was Friday, May 9th. German American Bancorp's payout ratio is currently 46.77%.
Insider Buying and Selling at German American Bancorp
In other news, Director Jason M. Kelly sold 2,515 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $39.55, for a total transaction of $99,468.25. Following the sale, the director now directly owns 11,673 shares in the company, valued at approximately $461,667.15. This represents a 17.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 135 shares of company stock worth $5,246 over the last quarter. 6.16% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On German American Bancorp
Hedge funds have recently modified their holdings of the stock. Silver Oak Securities Incorporated bought a new stake in shares of German American Bancorp during the 1st quarter worth about $28,000. SouthState Corp acquired a new stake in shares of German American Bancorp in the 1st quarter valued at $28,000. Cubist Systematic Strategies LLC acquired a new stake in shares of German American Bancorp during the fourth quarter worth $35,000. Sterling Capital Management LLC grew its stake in shares of German American Bancorp by 821.2% during the fourth quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock worth $37,000 after purchasing an additional 813 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in German American Bancorp by 399.5% during the fourth 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. 46.90% of the stock is currently owned by institutional investors and hedge funds.
About German American Bancorp
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Get Free ReportGerman 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.
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