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

Shares of German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) have received an average rating of "Moderate Buy" from the five research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $45.40.

A number of research firms have recently weighed in on GABC. Keefe, Bruyette & Woods raised their price target on German American Bancorp from $43.00 to $46.00 and gave the stock a "market perform" rating in a research note on Wednesday. Hovde Group raised shares of German American Bancorp from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $41.00 to $48.00 in a research report on Wednesday, October 30th. Finally, Stephens started coverage on German American Bancorp in a research report on Tuesday, October 15th. They issued an "overweight" rating and a $45.00 price target for the company.

Institutional Investors Weigh In On German American Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in GABC. Cerity Partners LLC grew its stake in German American Bancorp by 1.1% in the third quarter. Cerity Partners LLC now owns 30,922 shares of the bank's stock valued at $1,198,000 after acquiring an additional 323 shares during the period. BNP Paribas Financial Markets grew its position in shares of German American Bancorp by 6.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank's stock valued at $241,000 after purchasing an additional 365 shares during the period. Pettinga Financial Advisors LLC increased its stake in German American Bancorp by 6.5% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank's stock worth $258,000 after purchasing an additional 443 shares in the last quarter. Chatham Capital Group Inc. increased its stake in German American Bancorp by 1.7% during the 2nd quarter. Chatham Capital Group Inc. now owns 50,316 shares of the bank's stock worth $1,779,000 after purchasing an additional 840 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in German American Bancorp by 5.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 20,610 shares of the bank's stock worth $799,000 after buying an additional 1,097 shares during the period. Institutional investors own 46.90% of the company's stock.

German American Bancorp Trading Up 0.4 %

Shares of NASDAQ:GABC traded up $0.20 during midday trading on Wednesday, reaching $45.03. The company had a trading volume of 24,933 shares, compared to its average volume of 101,847. The company has a fifty day simple moving average of $41.86 and a two-hundred day simple moving average of $38.41. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 16.22 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. German American Bancorp has a 1-year low of $29.61 and a 1-year high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.01. The business had revenue of $62.40 million for the quarter, compared to the consensus estimate of $62.80 million. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. Research analysts predict that German American Bancorp will post 2.76 earnings per share for the current year.

German American Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, November 8th. German American Bancorp's payout ratio is 38.99%.

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.