Analysts Set German American Bancorp, Inc. (NASDAQ:GABC) PT at $45.25

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

Several brokerages recently weighed in on GABC. Keefe, Bruyette & Woods upped their price objective on 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. Hovde Group raised shares of German American Bancorp from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $48.00 in a report on Wednesday, October 30th. Finally, Stephens started coverage on shares of German American Bancorp in a report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 price target on the stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in shares of German American Bancorp by 13.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank’s stock valued at $67,557,000 after buying an additional 196,003 shares during the last quarter. Geode Capital Management LLC boosted its holdings in German American Bancorp by 1.6% in the third quarter. Geode Capital Management LLC now owns 704,094 shares of the bank’s stock valued at $27,289,000 after acquiring an additional 11,386 shares during the last quarter. Barclays PLC increased its position in German American Bancorp by 577.6% during the 3rd quarter. Barclays PLC now owns 69,271 shares of the bank’s stock valued at $2,684,000 after purchasing an additional 59,048 shares during the period. Y Intercept Hong Kong Ltd bought a new position in German American Bancorp during the 3rd quarter worth approximately $406,000. Finally, State Street Corp lifted its position in shares of 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 purchasing an additional 50,206 shares during the period. 46.90% of the stock is owned by institutional investors.

German American Bancorp Price Performance

GABC stock opened at $45.04 on Wednesday. The company’s 50-day moving average price is $42.28 and its two-hundred day moving average price is $38.66. The firm has a market cap of $1.34 billion, a P/E ratio of 16.26 and a beta of 0.63. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. German American Bancorp has a 12 month low of $30.10 and a 12 month high of $47.08.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. German American Bancorp had a net margin of 23.75% and a return on equity of 11.94%. The business had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $62.80 million. On average, analysts anticipate that German American Bancorp will post 2.76 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Sunday, November 10th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.08 dividend on an annualized basis and a yield of 2.40%. German American Bancorp’s dividend payout ratio (DPR) is presently 38.99%.

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.