Analysts Set German American Bancorp, Inc. (NASDAQ:GABC) Price Target at $45.25

German American Bancorp, Inc. (NASDAQ:GABC) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $45.40.

GABC has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their price objective on German American Bancorp from $43.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens began coverage on shares of German American Bancorp in a research report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 target price for the company. Finally, Hovde Group raised shares of German American Bancorp from a “market perform” rating to an “outperform” rating and increased their target price for the company from $41.00 to $48.00 in a research report on Wednesday, October 30th.

Hedge Funds Weigh In On German American Bancorp

A number of large investors have recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of German American Bancorp by 13.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank’s stock worth $67,557,000 after purchasing an additional 196,003 shares in the last quarter. Geode Capital Management LLC lifted its stake in German American Bancorp by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 704,094 shares of the bank’s stock valued at $27,289,000 after acquiring an additional 11,386 shares in the last quarter. Barclays PLC lifted its stake in German American Bancorp by 577.6% during the 3rd quarter. Barclays PLC now owns 69,271 shares of the bank’s stock valued at $2,684,000 after acquiring an additional 59,048 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in German American Bancorp during the 3rd quarter valued at $406,000. Finally, State Street Corp lifted its stake in German American Bancorp by 6.9% during the 3rd quarter. State Street Corp now owns 772,675 shares of the bank’s stock valued at $29,941,000 after acquiring an additional 50,206 shares in the last quarter. 46.90% of the stock is currently owned by institutional investors.

German American Bancorp Trading Up 1.3 %

GABC opened at $45.48 on Wednesday. German American Bancorp has a twelve month low of $30.26 and a twelve month high of $47.08. The company has a 50-day simple moving average of $42.55 and a 200 day simple moving average of $38.83. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 16.42 and a beta of 0.63.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, October 28th. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $62.40 million during the quarter, compared to the consensus estimate of $62.80 million. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. Analysts predict that German American Bancorp will post 2.76 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Sunday, November 10th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, November 8th. German American Bancorp’s payout ratio is 38.99%.

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.