German American Bancorp Inc. (NASDAQ:GABC) has earned a consensus broker rating score of 3.00 (Hold) from the five brokers that cover the company, Zacks Investment Research reports. Five analysts have rated the stock with a hold recommendation. German American Bancorp’s rating score has declined by 25% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokerages have set a 1-year consensus target price of $39.25 for the company and are forecasting that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also given German American Bancorp an industry rank of 24 out of 265 based on the ratings given to its competitors.
Several research firms have commented on GABC. Zacks Investment Research raised shares of German American Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Thursday, November 3rd. Raymond James Financial Inc. lowered shares of German American Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 6th. Finally, Sandler O’Neill began coverage on shares of German American Bancorp in a research report on Thursday, August 25th. They set a “hold” rating for the company.
German American Bancorp (NASDAQ:GABC) opened at 50.20 on Friday. German American Bancorp has a 12-month low of $29.24 and a 12-month high of $51.00. The stock has a market cap of $765.90 million, a P/E ratio of 22.07 and a beta of 1.06. The company has a 50 day moving average of $42.10 and a 200-day moving average of $36.24.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, November 20th. Stockholders of record on Thursday, November 10th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.43%. German American Bancorp’s dividend payout ratio (DPR) is currently 31.86%.
Several institutional investors have recently bought and sold shares of GABC. BlackRock Inc. increased its position in German American Bancorp by 229.2% in the second quarter. BlackRock Inc. now owns 3,318 shares of the company’s stock valued at $106,000 after buying an additional 2,310 shares during the period. SG Americas Securities LLC bought a new position in German American Bancorp during the third quarter valued at about $136,000. BlackRock Group LTD increased its position in German American Bancorp by 96.9% in the second quarter. BlackRock Group LTD now owns 3,975 shares of the company’s stock valued at $128,000 after buying an additional 1,956 shares during the period. Bank of Montreal Can bought a new position in German American Bancorp during the second quarter valued at about $143,000. Finally, O Shaughnessy Asset Management LLC increased its position in German American Bancorp by 0.3% in the second quarter. O Shaughnessy Asset Management LLC now owns 5,234 shares of the company’s stock valued at $167,000 after buying an additional 14 shares during the period. Hedge funds and other institutional investors own 28.40% of the company’s stock.
German American Bancorp Company Profile
German American Bancorp, Inc is a bank holding company. The Company’s operating segments include core banking, trust and investment advisory services, and insurance operations. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the Company’s local markets.