Analysts Set German American Bancorp, Inc. (NASDAQ:GABC) PT at $45.40

German American Bancorp, Inc. (NASDAQ:GABC) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $45.40.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in German American Bancorp by 13.0% during the third quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank’s stock valued at $67,557,000 after purchasing an additional 196,003 shares during the last quarter. Dimensional Fund Advisors LP grew 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 valued at $39,930,000 after buying an additional 14,478 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in German American Bancorp by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 954,536 shares of the bank’s stock valued at $36,988,000 after buying an additional 32,816 shares during the last quarter. State Street Corp raised its holdings in German American Bancorp by 6.9% in the 3rd quarter. State Street Corp now owns 772,675 shares of the bank’s stock worth $29,941,000 after acquiring an additional 50,206 shares during the period. Finally, Geode Capital Management LLC lifted its position in German American Bancorp by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 704,094 shares of the bank’s stock worth $27,289,000 after acquiring an additional 11,386 shares during the last quarter. 46.90% of the stock is owned by institutional investors.

German American Bancorp Trading Up 0.5 %

NASDAQ GABC opened at $39.06 on Friday. The firm’s 50 day moving average price is $43.39 and its two-hundred day moving average price is $39.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. German American Bancorp has a twelve month low of $30.26 and a twelve month high of $47.08. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 14.10 and a beta of 0.63.

German American Bancorp (NASDAQ:GABC) last posted its quarterly 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 firm had revenue of $62.40 million for the quarter, compared to analyst estimates of $62.80 million. Equities analysts anticipate that German American Bancorp will post 2.76 EPS for the current year.

German American Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.08 annualized dividend and a dividend yield of 2.76%. German American Bancorp’s dividend payout ratio (DPR) is presently 38.99%.

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.