Brokerages Set German American Bancorp, Inc. (NASDAQ:GABC) Price Target at $53.33

German American Bancorp, Inc. (NASDAQ:GABC) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $53.3333.

A number of equities analysts recently commented on GABC shares. Wall Street Zen raised German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Raymond James Financial began coverage on German American Bancorp in a research report on Wednesday, July 8th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods raised their price objective on German American Bancorp from $47.00 to $51.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Weiss Ratings cut German American Bancorp from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday. Finally, Piper Sandler reiterated an “overweight” rating and set a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a research note on Thursday, July 30th.

Institutional Trading of German American Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its position in shares of German American Bancorp by 220.7% during the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after purchasing an additional 927 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in German American Bancorp during the 3rd quarter valued at approximately $72,000. Tower Research Capital LLC TRC lifted its holdings in German American Bancorp by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock worth $109,000 after purchasing an additional 2,132 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in German American Bancorp in the 4th quarter worth approximately $130,000. Finally, Allworth Financial LP bought a new position in German American Bancorp in the 2nd quarter worth approximately $133,000. 46.90% of the stock is owned by hedge funds and other institutional investors.

German American Bancorp Stock Performance

Shares of NASDAQ GABC opened at $49.58 on Thursday. German American Bancorp has a 12-month low of $37.19 and a 12-month high of $52.23. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 13.08 and a beta of 0.58. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $49.14 and a 200 day moving average of $45.10.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.10. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. The business had revenue of $98.02 million for the quarter, compared to the consensus estimate of $99.22 million. On average, research analysts anticipate that German American Bancorp will post 3.86 earnings per share for the current year.

German American Bancorp Dividend Announcement

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

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.