German American Bancorp, Inc. (NASDAQ:GABC) Given Average Rating of “Moderate Buy” by Analysts

German American Bancorp, Inc. (NASDAQ:GABC) has been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $46.40.

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their target price on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday. Piper Sandler decreased their target price on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday. Stephens assumed coverage on German American Bancorp in a research report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 target price for the company. Finally, Hovde Group raised German American Bancorp from a “market perform” rating to an “outperform” rating and raised their target price for the company from $41.00 to $48.00 in a research report on Wednesday, October 30th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GABC. American Century Companies Inc. boosted its stake in German American Bancorp by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 89,942 shares of the bank’s stock worth $3,179,000 after purchasing an additional 12,078 shares during the period. Dimensional Fund Advisors LP boosted its stake in German American Bancorp by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,129,575 shares of the bank’s stock worth $39,930,000 after purchasing an additional 14,478 shares during the period. Renaissance Technologies LLC bought a new position in German American Bancorp in the 2nd quarter worth about $207,000. AQR Capital Management LLC boosted its stake in German American Bancorp by 180.9% in the 2nd quarter. AQR Capital Management LLC now owns 17,761 shares of the bank’s stock worth $628,000 after purchasing an additional 11,439 shares during the period. Finally, SG Americas Securities LLC bought a new position in German American Bancorp in the 3rd quarter worth about $247,000. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Trading Up 0.0 %

NASDAQ GABC opened at $41.71 on Thursday. The firm has a market capitalization of $1.24 billion, a P/E ratio of 15.06 and a beta of 0.65. The business has a fifty day simple moving average of $41.80 and a 200 day simple moving average of $40.60. German American Bancorp has a 12 month low of $30.66 and a 12 month high of $47.08. 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, February 3rd. The bank reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.09. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. On average, analysts predict that German American Bancorp will post 2.76 EPS for the current fiscal year.

German American Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 10th will be issued a $0.29 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.16 annualized dividend and a yield of 2.78%. This is a positive change from German American Bancorp’s previous quarterly dividend of $0.27. German American Bancorp’s dividend payout ratio (DPR) is 41.13%.

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.