German American Bancorp, Inc. (NASDAQ:GABC) Receives $40.67 Average PT from 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 currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $41.75.

A number of equities research analysts have recently commented on GABC shares. Raymond James increased their price objective on German American Bancorp from $40.00 to $44.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Piper Sandler increased their price objective on German American Bancorp from $34.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. StockNews.com downgraded German American Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday, July 30th. Finally, Stephens started coverage on German American Bancorp in a research report on Tuesday. They set an "overweight" rating and a $45.00 price objective for the company.

German American Bancorp Stock Performance

GABC stock traded up $0.71 on Tuesday, reaching $40.26. The company's stock had a trading volume of 98,728 shares, compared to its average volume of 105,142. The firm has a fifty day moving average of $38.71 and a two-hundred day moving average of $35.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $1.19 billion, a P/E ratio of 14.33 and a beta of 0.61. German American Bancorp has a 52 week low of $24.85 and a 52 week high of $42.78.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.08. The firm had revenue of $64.89 million during the quarter, compared to analyst estimates of $60.20 million. German American Bancorp had a return on equity of 12.97% and a net margin of 24.44%. As a group, analysts predict that German American Bancorp will post 2.7 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Saturday, August 10th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.68%. German American Bancorp's payout ratio is currently 37.89%.

Insider Activity

In other German American Bancorp news, Director Thomas W. Seger bought 3,000 shares of German American Bancorp stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $36.80 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the director now directly owns 484,342 shares of the company's stock, valued at approximately $17,823,785.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Thomas W. Seger acquired 3,000 shares of the business's stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $36.80 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the director now owns 484,342 shares in the company, valued at approximately $17,823,785.60. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diane B. Medley acquired 710 shares of the business's stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $36.37 per share, with a total value of $25,822.70. Following the completion of the acquisition, the director now owns 4,370 shares of the company's stock, valued at $158,936.90. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.16% of the company's stock.

Institutional Trading of German American Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of German American Bancorp by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,129,575 shares of the bank's stock worth $39,930,000 after acquiring an additional 14,478 shares in the last quarter. Bank of New York Mellon Corp increased its position in German American Bancorp by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 202,717 shares of the bank's stock worth $7,166,000 after buying an additional 8,028 shares during the last quarter. Kennedy Capital Management LLC acquired a new position in German American Bancorp during the first quarter worth $6,828,000. Mutual of America Capital Management LLC acquired a new position in German American Bancorp during the second quarter worth $5,887,000. Finally, Wedge Capital Management L L P NC increased its position in German American Bancorp by 3.6% during the second quarter. Wedge Capital Management L L P NC now owns 116,277 shares of the bank's stock worth $4,110,000 after buying an additional 4,076 shares during the last quarter. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

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.