Piper Sandler Lowers German American Bancorp (NASDAQ:GABC) Price Target to $48.00

German American Bancorp (NASDAQ:GABC) had its price objective decreased by equities research analysts at Piper Sandler from $49.00 to $48.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. Piper Sandler’s target price points to a potential upside of 15.77% from the company’s current price.

Other research analysts have also issued research reports about the stock. Stephens began coverage on shares of German American Bancorp in a research note on Tuesday, October 15th. They set an “overweight” rating and a $45.00 price objective on the stock. Keefe, Bruyette & Woods raised their target price on German American Bancorp from $43.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $41.00 to $48.00 in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.40.

German American Bancorp Trading Down 0.6 %

Shares of GABC stock opened at $41.46 on Wednesday. German American Bancorp has a 1 year low of $30.66 and a 1 year high of $47.08. The firm has a market capitalization of $1.23 billion, a PE ratio of 14.97 and a beta of 0.65. The stock has a fifty day moving average of $41.73 and a two-hundred day moving average of $40.61. 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 (NASDAQ:GABC) last posted its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. German American Bancorp had a net margin of 23.75% and a return on equity of 11.94%. As a group, research analysts expect that German American Bancorp will post 2.76 EPS for the current year.

Institutional Trading of German American Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in shares of German American Bancorp in the third quarter worth approximately $99,000. Renaissance Technologies LLC purchased a new position in German American Bancorp during the 2nd quarter worth approximately $207,000. BNP Paribas Financial Markets raised its stake in German American Bancorp by 6.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after purchasing an additional 365 shares during the period. SG Americas Securities LLC purchased a new stake in shares of German American Bancorp in the third quarter valued at $247,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of German American Bancorp in the third quarter worth $346,000. Institutional investors and hedge funds own 46.90% of the company’s stock.

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.