Brokerages Set German American Bancorp, Inc. (NASDAQ:GABC) Target Price at $40.67

German American Bancorp, Inc. (NASDAQ:GABC) has been given a consensus rating of “Moderate Buy” by the four analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $41.75.

GABC has been the topic of several analyst reports. StockNews.com cut shares of German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Stephens initiated coverage on shares of German American Bancorp in a research report on Tuesday. They set an “overweight” rating and a $45.00 price target on the stock. Raymond James boosted their price target on shares of German American Bancorp from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Piper Sandler boosted their price target on shares of German American Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st.

Insider Buying and Selling

In other German American Bancorp news, Director Thomas W. Seger purchased 3,000 shares of the stock in a transaction dated Friday, August 9th. The shares were 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 in the company, valued at approximately $17,823,785.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Diane B. Medley acquired 710 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $36.37 per share, for a total transaction of $25,822.70. Following the acquisition, the director now owns 4,370 shares of the company’s stock, valued at $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 this link. Also, Director Thomas W. Seger acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $36.80 per share, for a total transaction of $110,400.00. Following the completion of the transaction, the director now directly owns 484,342 shares in the company, valued at $17,823,785.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 3,732 shares of company stock worth $137,119. 6.16% of the stock is owned by insiders.

Hedge Funds Weigh In On German American Bancorp

Several institutional investors have recently made changes to their positions in the business. Pettinga Financial Advisors LLC raised its position in shares of German American Bancorp by 6.5% during the second quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank’s stock valued at $258,000 after buying an additional 443 shares during the last quarter. Chatham Capital Group Inc. grew its stake in shares of German American Bancorp by 1.7% during the second quarter. Chatham Capital Group Inc. now owns 50,316 shares of the bank’s stock worth $1,779,000 after acquiring an additional 840 shares during the last quarter. Valeo Financial Advisors LLC grew 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 worth $799,000 after acquiring an additional 1,097 shares during the last quarter. Rhumbline Advisers grew its stake in shares of German American Bancorp by 2.6% during the second quarter. Rhumbline Advisers now owns 47,992 shares of the bank’s stock worth $1,697,000 after acquiring an additional 1,214 shares during the last quarter. Finally, EntryPoint Capital LLC increased its holdings in German American Bancorp by 186.2% in the 1st quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock worth $71,000 after buying an additional 1,339 shares during the period. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Price Performance

Shares of GABC stock opened at $41.13 on Tuesday. German American Bancorp has a 12-month low of $24.85 and a 12-month high of $42.78. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 14.43 and a beta of 0.61. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $38.92 and a 200-day moving average of $35.84.

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

German American Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Saturday, August 10th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, August 9th. German American Bancorp’s dividend payout ratio is currently 37.89%.

German American Bancorp Company Profile

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.