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

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $45.20.

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

Insiders Place Their Bets

In other German American Bancorp news, Director Jason M. Kelly sold 2,515 shares of the company'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 completion of the sale, the director now directly owns 11,673 shares in the company, valued at $461,667.15. This represents a 17.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought 135 shares of company stock worth $5,246 over the last ninety days. Company insiders own 6.16% of the company's stock.

Institutional Investors Weigh In On German American Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated acquired a new stake in shares of German American Bancorp during the 1st quarter valued at $28,000. SouthState Corp acquired a new stake in shares of German American Bancorp during the 1st quarter valued at $28,000. Cubist Systematic Strategies LLC acquired a new stake in shares of German American Bancorp during the 4th quarter valued at $35,000. Sterling Capital Management LLC lifted its position 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 valued at $37,000 after acquiring an additional 813 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of German American Bancorp by 399.5% during the 4th 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 Stock Performance

Shares of NASDAQ:GABC traded down $0.01 during trading on Wednesday, hitting $38.35. 131,721 shares of the company traded hands, compared to its average volume of 108,832. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 13.60 and a beta of 0.61. The business's fifty day moving average is $37.34 and its 200-day moving average is $39.73. German American Bancorp has a one year low of $31.06 and a one year high of $47.08. 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 (NASDAQ:GABC - Get Free Report) last posted its earnings results on Monday, April 28th. The bank reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $81.41 million during the quarter, compared to analyst estimates of $79.60 million. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. As a group, equities analysts predict that German American Bancorp will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Saturday, May 10th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Friday, May 9th. German American Bancorp's dividend payout ratio (DPR) 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.