German American Bancorp, Inc. (NASDAQ:GABC) Receives $40.67 Consensus PT from Analysts

German American Bancorp, Inc. (NASDAQ:GABC) has received an average recommendation of “Moderate Buy” from the four analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $41.75.

Several equities analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of German American Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Stephens assumed coverage on shares of German American Bancorp in a report on Tuesday, October 15th. They issued an “overweight” rating and a $45.00 price objective on the stock. Raymond James increased their price objective on shares of German American Bancorp from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, StockNews.com lowered shares of German American Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th.

German American Bancorp Price Performance

Shares of GABC stock opened at $39.63 on Tuesday. German American Bancorp has a 1 year low of $24.85 and a 1 year high of $42.78. The firm’s 50 day moving average is $38.98 and its 200-day moving average is $35.92. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 13.91 and a beta of 0.61. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.

German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, July 29th. The bank reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. German American Bancorp had a net margin of 24.44% and a return on equity of 12.97%. The company had revenue of $64.89 million for the quarter, compared to analyst estimates of $60.20 million. Sell-side analysts forecast that German American Bancorp will post 2.7 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Saturday, August 10th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, August 9th. German American Bancorp’s payout ratio is presently 37.89%.

Insider Buying and Selling at German American Bancorp

In other news, Director Diane B. Medley bought 710 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $36.37 per share, with a total value of $25,822.70. Following the completion of the purchase, the director now owns 4,370 shares of the company’s stock, valued at approximately $158,936.90. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Thomas W. Seger acquired 3,000 shares of the stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $36.80 per share, with a total value of $110,400.00. Following the completion of the transaction, the director now directly owns 484,342 shares of the company’s stock, valued at approximately $17,823,785.60. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diane B. Medley acquired 710 shares of the stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $36.37 per share, with a total value of $25,822.70. Following the transaction, the director now directly owns 4,370 shares of the company’s stock, valued at $158,936.90. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 3,732 shares of company stock valued at $137,119. Corporate insiders own 6.16% of the company’s stock.

Institutional Investors Weigh In On German American Bancorp

Several large investors have recently made changes to their positions in the stock. Creative Planning increased its position in shares of German American Bancorp by 42.2% during the third quarter. Creative Planning now owns 16,321 shares of the bank’s stock worth $632,000 after acquiring an additional 4,840 shares in the last quarter. Valeo Financial Advisors LLC grew its position in German American Bancorp by 5.6% in the third quarter. Valeo Financial Advisors LLC now owns 20,610 shares of the bank’s stock valued at $799,000 after purchasing an additional 1,097 shares in the last quarter. SG Americas Securities LLC bought a new position in German American Bancorp in the third quarter valued at $247,000. AQR Capital Management LLC grew its position in German American Bancorp by 180.9% in the second quarter. AQR Capital Management LLC now owns 17,761 shares of the bank’s stock valued at $628,000 after purchasing an additional 11,439 shares in the last quarter. Finally, Mutual of America Capital Management LLC bought a new position in German American Bancorp in the second quarter valued at $5,887,000. Institutional investors 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.