German American Bancorp, Inc. (NASDAQ:GABC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat reports. Two equities 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 target among brokerages that have covered the stock in the last year is $46.40.

A number of analysts recently weighed in on GABC shares. Hovde Group raised shares of German American Bancorp from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $41.00 to $48.00 in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler lowered their target price on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th.

German American Bancorp Stock Performance

NASDAQ GABC opened at $39.27 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. German American Bancorp has a 1-year low of $30.66 and a 1-year high of $47.08. The firm has a market capitalization of $1.17 billion, a P/E ratio of 13.93 and a beta of 0.64. The business’s 50-day simple moving average is $40.24 and its 200-day simple moving average is $40.77.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, February 3rd. The bank reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. Equities analysts predict that German American Bancorp will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were paid a dividend of $0.29 per share. The ex-dividend date was Monday, February 10th. This is an increase from German American Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 2.95%. German American Bancorp’s dividend payout ratio (DPR) is currently 41.13%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. purchased a new stake in German American Bancorp during the 3rd quarter worth approximately $597,000. Barclays PLC increased its stake in shares of German American Bancorp by 577.6% in the third quarter. Barclays PLC now owns 69,271 shares of the bank’s stock worth $2,684,000 after buying an additional 59,048 shares during the last quarter. State Street Corp raised its holdings in German American Bancorp by 6.9% in the third quarter. State Street Corp now owns 772,675 shares of the bank’s stock valued at $29,941,000 after acquiring an additional 50,206 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in German American Bancorp by 154.6% in the third quarter. JPMorgan Chase & Co. now owns 60,850 shares of the bank’s stock valued at $2,358,000 after acquiring an additional 36,954 shares in the last quarter. Finally, German American Bancorp Inc. boosted its stake in German American Bancorp by 160.1% during the 3rd quarter. German American Bancorp Inc. now owns 514,018 shares of the bank’s stock valued at $19,918,000 after acquiring an additional 316,400 shares during the last quarter. Institutional investors and hedge funds 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.