German American Bancorp, Inc. (NASDAQ:GABC) Receives Average Recommendation of “Moderate Buy” from Analysts

German American Bancorp, Inc. (NASDAQ:GABC) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $47.6667.

A number of equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Raymond James Financial started coverage on shares of German American Bancorp in a research note on Wednesday. They set a “market perform” rating for the company. Weiss Ratings restated a “buy (b)” rating on shares of German American Bancorp in a research report on Monday, June 1st. Piper Sandler upgraded shares of German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price target on the stock in a research report on Friday, March 20th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th.

Hedge Funds Weigh In On German American Bancorp

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in German American Bancorp by 220.7% in the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after buying an additional 927 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in shares of German American Bancorp during the third quarter valued at about $72,000. Tower Research Capital LLC TRC lifted its position in German American Bancorp by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock worth $109,000 after acquiring an additional 2,132 shares during the period. Kestra Advisory Services LLC purchased a new position in German American Bancorp during the 4th quarter worth approximately $130,000. Finally, Fort Point Capital Partners LLC acquired a new stake in German American Bancorp during the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Down 1.3%

GABC traded down $0.60 during midday trading on Wednesday, reaching $47.06. 7,407 shares of the company were exchanged, compared to its average volume of 153,627. The company’s fifty day moving average price is $44.53 and its 200 day moving average price is $42.65. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 13.04 and a beta of 0.59. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. German American Bancorp has a one year low of $36.56 and a one year high of $48.94.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, April 27th. The bank reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.02). The business had revenue of $97.43 million for the quarter, compared to the consensus estimate of $95.84 million. German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%. As a group, analysts expect that German American Bancorp will post 3.71 EPS for the current year.

German American Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Sunday, May 10th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.6%. German American Bancorp’s dividend payout ratio (DPR) is 34.35%.

About German American Bancorp

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company’s core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.