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

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the four ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $45.25.

Several research analysts recently commented on the stock. Stephens assumed coverage on shares of German American Bancorp in a report on Tuesday, October 15th. They issued an "overweight" rating and a $45.00 price objective for the company. StockNews.com cut German American Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday, July 30th. Hovde Group upgraded German American Bancorp from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $41.00 to $48.00 in a research note on Wednesday, October 30th. Raymond James raised their target price on German American Bancorp from $40.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Finally, Piper Sandler upped their target price on shares of German American Bancorp from $34.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st.

German American Bancorp Stock Performance

NASDAQ:GABC traded up $0.66 during trading on Friday, reaching $45.04. The company's stock had a trading volume of 86,162 shares, compared to its average volume of 81,095. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 16.26 and a beta of 0.61. German American Bancorp has a 12 month low of $27.23 and a 12 month high of $46.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a 50 day moving average of $39.73 and a 200-day moving average of $36.82.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its 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 firm had revenue of $62.40 million during the quarter, compared to the consensus estimate of $62.80 million. German American Bancorp had a net margin of 23.75% and a return on equity of 12.27%. Research analysts expect that German American Bancorp will post 2.75 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.40%. German American Bancorp's dividend payout ratio (DPR) is currently 38.99%.

Institutional Trading of German American Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of GABC. Mirae Asset Global Investments Co. Ltd. increased its position in shares of German American Bancorp by 74.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,431 shares of the bank's stock valued at $765,000 after acquiring an additional 9,546 shares during the period. BNP Paribas Financial Markets increased its holdings in German American Bancorp by 87.1% during the 1st quarter. BNP Paribas Financial Markets now owns 14,069 shares of the bank's stock valued at $487,000 after purchasing an additional 6,551 shares during the period. LSV Asset Management increased its holdings in German American Bancorp by 96.4% during the 1st quarter. LSV Asset Management now owns 7,265 shares of the bank's stock valued at $252,000 after purchasing an additional 3,565 shares during the period. EntryPoint Capital LLC raised its position in German American Bancorp by 186.2% during the 1st quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank's stock valued at $71,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in German American Bancorp by 8.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,019 shares of the bank's stock worth $1,040,000 after buying an additional 2,326 shares during the period. Institutional investors own 46.90% of the company's stock.

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.