BidaskClub upgraded shares of German American Bancorp, Inc. (NASDAQ:GABC) from a hold rating to a buy rating in a report published on Tuesday, July 25th.
GABC has been the topic of several other research reports. Zacks Investment Research raised shares of German American Bancorp from a sell rating to a hold rating in a research note on Friday, April 21st. Sandler O’Neill raised shares of German American Bancorp from a hold rating to a buy rating in a research note on Tuesday, March 28th. Keefe, Bruyette & Woods reissued a hold rating and set a $47.00 price target on shares of German American Bancorp in a research report on Monday, April 10th. Finally, Hilliard Lyons reissued an underperform rating and set a $33.00 price target on shares of German American Bancorp in a research report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. German American Bancorp currently has a consensus rating of Hold and a consensus target price of $38.00.
German American Bancorp (NASDAQ:GABC) traded down 1.22% during trading on Tuesday, hitting $31.64. 49,148 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $34.19 and its 200 day moving average price is $32.44. German American Bancorp has a 12-month low of $22.88 and a 12-month high of $36.31. The firm has a market cap of $725.47 million, a price-to-earnings ratio of 18.28 and a beta of 1.16.
German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, July 31st. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. German American Bancorp had a net margin of 28.12% and a return on equity of 11.60%. The company had revenue of $32.61 million for the quarter, compared to analysts’ expectations of $33.20 million. Equities analysts forecast that German American Bancorp will post $1.72 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Sunday, August 20th. Investors of record on Thursday, August 10th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.64%. German American Bancorp’s payout ratio is 32.57%.
Institutional investors have recently made changes to their positions in the stock. Comerica Bank acquired a new position in shares of German American Bancorp during the fourth quarter worth about $496,000. Russell Investments Group Ltd. purchased a new stake in German American Bancorp during the fourth quarter valued at $788,000. OLD National Bancorp IN increased its stake in German American Bancorp by 50.0% in the second quarter. OLD National Bancorp IN now owns 25,426 shares of the bank’s stock valued at $867,000 after buying an additional 8,474 shares during the last quarter. Renaissance Technologies LLC increased its stake in German American Bancorp by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 76,300 shares of the bank’s stock valued at $4,014,000 after buying an additional 3,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in German American Bancorp by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 478,813 shares of the bank’s stock valued at $25,190,000 after buying an additional 12,400 shares during the last quarter. 22.95% of the stock is owned by hedge funds and other institutional investors.
German American Bancorp Company Profile
German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.
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