German American Bancorp, Inc. (NASDAQ:GABC) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) have earned an average rating of "Moderate Buy" from the five research firms that are covering the company, Marketbeat.com 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 12-month price target among analysts that have updated their coverage on the stock in the last year is $46.40.

Several brokerages have weighed in on GABC. Piper Sandler dropped their price objective on German American Bancorp from $49.00 to $48.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their price objective on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th.

German American Bancorp Stock Performance

Shares of GABC traded up $0.13 during midday trading on Tuesday, reaching $34.45. 79,349 shares of the stock were exchanged, compared to its average volume of 107,717. The stock's 50 day simple moving average is $38.40 and its 200 day simple moving average is $40.43. The company has a market cap of $1.29 billion, a P/E ratio of 12.22 and a beta of 0.61. German American Bancorp has a twelve month low of $31.06 and a twelve month 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.

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German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 earnings per share (EPS) 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%. On average, sell-side analysts expect that German American Bancorp will post 3.06 earnings per share for the current year.

German American Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were paid a $0.29 dividend. This is an increase from German American Bancorp's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.16 annualized dividend and a yield of 3.37%. German American Bancorp's dividend payout ratio is presently 41.13%.

Insider Transactions at German American Bancorp

In other news, Director Diane B. Medley acquired 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $39.21 per share, with a total value of $39,210.00. Following the completion of the purchase, the director now directly owns 5,370 shares of the company's stock, valued at $210,557.70. This represents a 22.88 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders purchased 1,086 shares of company stock worth $42,621. Corporate insiders own 6.16% of the company's stock.

Hedge Funds Weigh In On German American Bancorp

Several large investors have recently modified their holdings of GABC. Franklin Resources Inc. increased its stake in shares of German American Bancorp by 13.0% in the third quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank's stock valued at $67,557,000 after buying an additional 196,003 shares during the period. Royce & Associates LP grew its stake in German American Bancorp by 138.2% during the fourth quarter. Royce & Associates LP now owns 317,221 shares of the bank's stock worth $12,759,000 after purchasing an additional 184,065 shares during the period. First Trust Advisors LP lifted its stake in German American Bancorp by 437.1% in the fourth quarter. First Trust Advisors LP now owns 96,438 shares of the bank's stock valued at $3,879,000 after buying an additional 78,482 shares during the period. Barclays PLC boosted its holdings in shares of German American Bancorp by 577.6% during the 3rd quarter. Barclays PLC now owns 69,271 shares of the bank's stock worth $2,684,000 after buying an additional 59,048 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in shares of German American Bancorp by 40.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 188,323 shares of the bank's stock worth $7,574,000 after buying an additional 54,199 shares during the period. Institutional investors own 46.90% of the company's stock.

German American Bancorp Company Profile

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.