German American Bancorp, Inc. (NASDAQ:GABC) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $46.40.

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised 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 report on Wednesday, January 29th. Hovde Group upgraded shares of German American Bancorp from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $41.00 to $48.00 in a research note on Wednesday, October 30th. Finally, Piper Sandler lowered their price objective on shares of German American Bancorp from $49.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th.

German American Bancorp Price Performance

Shares of GABC traded down $0.13 during mid-day trading on Monday, reaching $39.82. 121,107 shares of the company's stock were exchanged, compared to its average volume of 114,055. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. German American Bancorp has a 52-week low of $30.66 and a 52-week high of $47.08. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 14.12 and a beta of 0.64. The company has a 50-day simple moving average of $40.43 and a two-hundred day simple moving average of $40.71.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.09. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. On average, sell-side analysts predict that German American Bancorp will post 3.06 EPS for the current fiscal year.

German American Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 10th will be paid a dividend of $0.29 per share. This is a boost from German American Bancorp's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, February 10th. German American Bancorp's payout ratio is currently 41.13%.

Hedge Funds Weigh In On German American Bancorp

Hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in German American Bancorp during the fourth quarter valued at about $35,000. Sterling Capital Management LLC boosted its position in shares of German American Bancorp by 821.2% during the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock valued at $37,000 after purchasing an additional 813 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of German American Bancorp by 399.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank's stock worth $39,000 after purchasing an additional 775 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of German American Bancorp in the 3rd quarter worth approximately $99,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of German American Bancorp during the 4th quarter valued at $201,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

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.