German American Bancorp, Inc. (NASDAQ:GABC) Receives $45.40 Average PT from Brokerages

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $45.40.

GABC has been the topic of a number of analyst reports. Hovde Group raised German American Bancorp from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $48.00 in a research note on Wednesday, October 30th. Stephens assumed coverage on German American Bancorp in a report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 price target for the company. Finally, Keefe, Bruyette & Woods lifted their price target on German American Bancorp from $43.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

German American Bancorp Trading Up 1.1 %

Shares of GABC stock opened at $39.23 on Thursday. German American Bancorp has a twelve month low of $30.66 and a twelve month high of $47.08. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.16 and a beta of 0.65. The firm has a 50-day moving average price of $42.05 and a 200 day moving average price of $40.50. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27.

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

German American Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Sunday, November 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.75%. The ex-dividend date was Friday, November 8th. German American Bancorp’s dividend payout ratio is currently 38.99%.

Institutional Trading of German American Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Cerity Partners LLC boosted its stake in German American Bancorp by 1.1% in the 3rd quarter. Cerity Partners LLC now owns 30,922 shares of the bank’s stock valued at $1,198,000 after buying an additional 323 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of German American Bancorp by 6.2% during the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after acquiring an additional 365 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of German American Bancorp by 5.6% during the third quarter. Valeo Financial Advisors LLC now owns 20,610 shares of the bank’s stock valued at $799,000 after acquiring an additional 1,097 shares during the period. Rosenthal Henry Capital Advisors Inc. increased its holdings in German American Bancorp by 2.1% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 62,415 shares of the bank’s stock valued at $2,419,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in German American Bancorp by 12.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,090 shares of the bank’s stock valued at $692,000 after purchasing an additional 1,986 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.