German American Bancorp (NASDAQ:GABC) Now Covered by Analysts at Stephens

Stephens began coverage on shares of German American Bancorp (NASDAQ:GABC) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $45.00 target price on the bank’s stock.

Several other analysts also recently weighed in on GABC. Raymond James lifted their target price on German American Bancorp from $40.00 to $44.00 and gave the company an outperform rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of German American Bancorp from a hold rating to a sell rating in a report on Tuesday, July 30th. Finally, Piper Sandler raised their target price on shares of German American Bancorp from $34.00 to $44.00 and gave the company a neutral rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of $41.75.

German American Bancorp Stock Up 1.8 %

German American Bancorp stock opened at $40.26 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 0.83. German American Bancorp has a one year low of $24.85 and a one year high of $42.78. The company has a 50-day simple moving average of $38.77 and a 200-day simple moving average of $35.77. The firm has a market capitalization of $1.19 billion, a P/E ratio of 14.13 and a beta of 0.61.

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

German American Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors 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 yield of 2.68%. The ex-dividend date of this dividend was Friday, August 9th. German American Bancorp’s payout ratio is currently 37.89%.

Insider Buying and Selling at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley acquired 710 shares of the stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $36.37 per share, with a total value of $25,822.70. Following the purchase, the director now directly owns 4,370 shares of the company’s stock, valued at approximately $158,936.90. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Diane B. Medley acquired 710 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $36.37 per share, with a total value of $25,822.70. Following the purchase, the director now owns 4,370 shares of the company’s stock, valued at approximately $158,936.90. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas W. Seger acquired 3,000 shares of the stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $36.80 per share, for a total transaction of $110,400.00. Following the completion of the transaction, the director now owns 484,342 shares in the company, valued at approximately $17,823,785.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 6.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On German American Bancorp

Hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC boosted its position in German American Bancorp by 186.2% during the first quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock valued at $71,000 after purchasing an additional 1,339 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of German American Bancorp in the 2nd quarter valued at approximately $207,000. SG Americas Securities LLC acquired a new position in German American Bancorp in the third quarter worth approximately $247,000. LSV Asset Management raised its position in German American Bancorp by 96.4% during the first quarter. LSV Asset Management now owns 7,265 shares of the bank’s stock valued at $252,000 after acquiring an additional 3,565 shares in the last quarter. Finally, Pettinga Financial Advisors LLC lifted its stake in German American Bancorp by 6.5% in the second quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank’s stock valued at $258,000 after acquiring an additional 443 shares during the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

About German American Bancorp

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.