German American Bancorp, Inc. (NASDAQ:GABC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

German American Bancorp, Inc. (NASDAQ:GABC) has been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $53.3333.

A number of research analysts recently commented on GABC shares. Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Stephens increased their target price on shares of German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Piper Sandler reissued an “overweight” rating and set a $60.00 target price (up from $51.00) on shares of German American Bancorp in a research note on Thursday, July 30th. Keefe, Bruyette & Woods boosted their price target on shares of German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Finally, Raymond James Financial assumed coverage on shares of German American Bancorp in a research note on Wednesday, July 8th. They issued a “hold” rating on the stock.

German American Bancorp Trading Down 0.1%

NASDAQ:GABC opened at $49.59 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. German American Bancorp has a fifty-two week low of $37.19 and a fifty-two week high of $52.23. The stock’s 50-day moving average is $48.75 and its two-hundred day moving average is $44.90. The stock has a market cap of $1.86 billion, a PE ratio of 13.08 and a beta of 0.58.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.10. The company had revenue of $98.02 million for the quarter, compared to the consensus estimate of $99.22 million. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%. As a group, equities research analysts forecast that German American Bancorp will post 3.86 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were paid a $0.31 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.24 dividend on an annualized basis and a yield of 2.5%. German American Bancorp’s payout ratio is 32.72%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of German American Bancorp by 161.6% during the 1st quarter. AQR Capital Management LLC now owns 50,971 shares of the bank’s stock valued at $1,911,000 after buying an additional 31,486 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in German American Bancorp by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock worth $635,000 after buying an additional 711 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in German American Bancorp by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank’s stock valued at $2,076,000 after acquiring an additional 4,907 shares in the last quarter. New York State Common Retirement Fund lifted its stake in German American Bancorp by 26.0% in the second quarter. New York State Common Retirement Fund now owns 12,587 shares of the bank’s stock valued at $485,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in German American Bancorp by 6.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 23,630 shares of the bank’s stock worth $910,000 after acquiring an additional 1,442 shares in the last quarter. 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.