Shares of German American Bancorp, Inc. (NASDAQ:GABC) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $38.67.
Several research analysts have commented on the stock. ValuEngine lowered shares of German American Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub lowered shares of German American Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd.
In other German American Bancorp news, Director Chris A. Ramsey purchased 1,587 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $31.55 per share, for a total transaction of $50,069.85. Following the purchase, the director now directly owns 16,140 shares in the company, valued at $509,217. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chris A. Ramsey purchased 3,180 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was acquired at an average price of $32.35 per share, with a total value of $102,873.00. The disclosure for this purchase can be found here. Insiders acquired a total of 5,566 shares of company stock valued at $180,195 over the last 90 days. Company insiders own 8.51% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. OLD National Bancorp IN increased its stake in shares of German American Bancorp by 50.0% in the 2nd quarter. OLD National Bancorp IN now owns 25,426 shares of the bank’s stock worth $867,000 after acquiring an additional 8,474 shares in the last quarter. Highbridge Capital Management LLC bought a new position in shares of German American Bancorp in the 1st quarter worth about $764,000. First Trust Advisors LP increased its stake in shares of German American Bancorp by 9.6% in the 1st quarter. First Trust Advisors LP now owns 28,245 shares of the bank’s stock worth $1,337,000 after acquiring an additional 2,477 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of German American Bancorp by 23.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 59,650 shares of the bank’s stock worth $2,824,000 after acquiring an additional 11,186 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of German American Bancorp by 7.2% in the 1st quarter. American International Group Inc. now owns 8,749 shares of the bank’s stock worth $414,000 after acquiring an additional 587 shares in the last quarter. Institutional investors own 35.75% of the company’s stock.
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German American Bancorp (NASDAQ GABC) traded up 1.97% during midday trading on Wednesday, reaching $34.17. 94,251 shares of the company’s stock were exchanged. German American Bancorp has a 12-month low of $24.74 and a 12-month high of $36.31. The firm has a 50-day moving average price of $32.81 and a 200 day moving average price of $32.44. The company has a market cap of $783.48 million, a price-to-earnings ratio of 19.74 and a beta of 1.15.
German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, July 31st. The bank reported $0.43 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $32.61 million during the quarter, compared to analyst estimates of $33.20 million. On average, analysts expect that German American Bancorp will post $1.72 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, August 20th. Shareholders of record on Thursday, August 10th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.52 annualized dividend and a yield of 1.52%. German American Bancorp’s dividend payout ratio (DPR) is presently 32.57%.
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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