German American Bancorp, Inc. (NASDAQ:GABC) Stock Has Average Price Target of $53.33 According to Analysts

German American Bancorp, Inc. (NASDAQ:GABC) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $53.33.

Several research firms recently weighed in on GABC. Piper Sandler reiterated an “overweight” rating and set a $60.00 target price (up from $51.00) on shares of German American Bancorp in a research report on Thursday, July 30th. Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Keefe, Bruyette & Woods increased their price target on German American Bancorp from $47.00 to $51.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded German American Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Finally, Raymond James Financial assumed coverage on German American Bancorp in a research report on Wednesday, July 8th. They set a “hold” rating for the company.

Hedge Funds Weigh In On German American Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Diversified Trust Co increased its stake in German American Bancorp by 4.3% in the 1st quarter. Diversified Trust Co now owns 17,164 shares of the bank’s stock worth $717,000 after acquiring an additional 700 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of German American Bancorp by 220.7% in the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock valued at $56,000 after purchasing an additional 927 shares in the last quarter. Lido Advisors LLC increased its position in German American Bancorp by 17.1% in the first quarter. Lido Advisors LLC now owns 6,850 shares of the bank’s stock worth $286,000 after purchasing an additional 1,000 shares during the last quarter. First Trust Advisors LP increased its position in German American Bancorp by 3.1% in the first quarter. First Trust Advisors LP now owns 50,781 shares of the bank’s stock worth $2,122,000 after purchasing an additional 1,529 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in German American Bancorp by 16.1% during the first quarter. Quantinno Capital Management LP now owns 12,483 shares of the bank’s stock valued at $522,000 after purchasing an additional 1,728 shares in the last quarter. 46.90% of the stock is owned by institutional investors.

German American Bancorp Stock Up 1.5%

German American Bancorp stock opened at $49.53 on Friday. German American Bancorp has a 12 month low of $37.40 and a 12 month high of $52.23. The stock has a fifty day simple moving average of $49.53 and a two-hundred day simple moving average of $46.81. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 13.07 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, July 27th. The bank reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.10. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. The company had revenue of $99.95 million for the quarter, compared to analysts’ expectations of $99.22 million. Equities analysts predict that German American Bancorp will post 3.92 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 10th. German American Bancorp’s dividend payout ratio (DPR) is 32.72%.

About German American Bancorp

German American Bancorp, Inc is a financial services holding company headquartered in Jasper, Indiana. Through its subsidiary, German American Bank, the company provides banking and related financial services to individuals, families, businesses, and institutions.

German American Bank offers deposit accounts, residential and commercial lending, agricultural loans, consumer financing, treasury management, and other traditional banking products. The company also provides wealth management, trust and investment services, insurance products, and financial planning through affiliated business lines.

The company traces its banking roots to 1910 and has expanded from its original southern Indiana market to serve communities across southern Indiana and neighboring areas of Kentucky.