German American Bancorp (NASDAQ:GABC) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of German American Bancorp (NASDAQ:GABC) from a sell rating to a hold rating in a research report report published on Sunday morning.

A number of other brokerages have also recently issued reports on GABC. Keefe, Bruyette & Woods upped their target price on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Piper Sandler raised German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 target price for the company in a research report on Friday, March 20th. Finally, Stephens upped their target price on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, German American Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.67.

German American Bancorp Price Performance

Shares of NASDAQ GABC opened at $41.64 on Friday. The stock has a market cap of $1.56 billion, a PE ratio of 11.53 and a beta of 0.60. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.14. German American Bancorp has a 52-week low of $36.55 and a 52-week high of $45.00. The business has a 50-day moving average price of $42.25 and a 200 day moving average price of $41.24.

German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, April 27th. The bank reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.02). The firm had revenue of $97.43 million during the quarter, compared to analyst estimates of $95.84 million. German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%. Equities research analysts forecast that German American Bancorp will post 3.71 earnings per share for the current year.

German American Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Sunday, May 10th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 8th. German American Bancorp’s dividend payout ratio (DPR) is presently 34.35%.

Institutional Trading of German American Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in German American Bancorp by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 2,281,704 shares of the bank’s stock worth $89,397,000 after acquiring an additional 90,203 shares during the period. Franklin Resources Inc. lifted its position in German American Bancorp by 3.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,847,234 shares of the bank’s stock worth $72,541,000 after acquiring an additional 64,338 shares during the period. Charles Schwab Investment Management Inc. lifted its position in German American Bancorp by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,414,363 shares of the bank’s stock worth $55,415,000 after acquiring an additional 23,644 shares during the period. Dimensional Fund Advisors LP lifted its position in German American Bancorp by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,958 shares of the bank’s stock worth $50,982,000 after acquiring an additional 31,627 shares during the period. Finally, German American Bancorp Inc. lifted its position in German American Bancorp by 1.3% during the 1st quarter. German American Bancorp Inc. now owns 966,872 shares of the bank’s stock worth $40,406,000 after acquiring an additional 12,585 shares during the period. 46.90% of the stock is owned by institutional investors and hedge funds.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company’s core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.