German American Bancorp (NASDAQ:GABC) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of German American Bancorp (NASDAQ:GABC) from a sell rating to a hold rating in a research report report published on Wednesday.

Separately, Hovde Group raised their price target on German American Bancorp from $33.00 to $34.00 and gave the stock a market perform rating in a research report on Friday, May 31st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $36.33.

German American Bancorp Trading Down 1.5 %

GABC stock opened at $34.51 on Wednesday. The firm has a fifty day moving average price of $32.71 and a 200 day moving average price of $32.62. German American Bancorp has a fifty-two week low of $24.85 and a fifty-two week high of $35.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $1.02 billion, a PE ratio of 12.11 and a beta of 0.62.

German American Bancorp (NASDAQ:GABC) last posted its earnings results on Monday, April 29th. The bank reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. The firm had revenue of $84.08 million during the quarter, compared to analyst estimates of $61.05 million. German American Bancorp had a net margin of 25.83% and a return on equity of 13.68%. Sell-side analysts anticipate that German American Bancorp will post 2.51 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 3.13%. German American Bancorp’s dividend payout ratio (DPR) is 37.89%.

Institutional Trading of German American Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC lifted its position in shares of German American Bancorp by 186.2% during the first quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock worth $71,000 after purchasing an additional 1,339 shares during the last quarter. LSV Asset Management bought a new stake in shares of German American Bancorp during the fourth quarter worth $120,000. SG Americas Securities LLC bought a new stake in shares of German American Bancorp during the fourth quarter worth $142,000. Virtu Financial LLC bought a new stake in shares of German American Bancorp during the fourth quarter worth $251,000. Finally, Diversified Trust Co lifted its position in shares of German American Bancorp by 20.6% during the first quarter. Diversified Trust Co now owns 12,002 shares of the bank’s stock worth $416,000 after purchasing an additional 2,050 shares during the last quarter. 46.90% of the stock is currently owned by 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.