German American Bancorp, Inc. (NASDAQ:GABC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of German American Bancorp, Inc. (NASDAQ:GABCGet Free Report) have earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $45.40.

A number of analysts have weighed in on GABC shares. Keefe, Bruyette & Woods increased their price target on shares of German American Bancorp from $43.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $48.00 in a research report on Wednesday, October 30th. Finally, Stephens initiated 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.

Get Our Latest Stock Analysis on GABC

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. American Century Companies Inc. boosted its stake in German American Bancorp by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 89,942 shares of the bank’s stock worth $3,179,000 after acquiring an additional 12,078 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of German American Bancorp by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,129,575 shares of the bank’s stock valued at $39,930,000 after purchasing an additional 14,478 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of German American Bancorp in the second quarter valued at approximately $207,000. AQR Capital Management LLC increased its holdings in German American Bancorp by 180.9% during the second quarter. AQR Capital Management LLC now owns 17,761 shares of the bank’s stock worth $628,000 after buying an additional 11,439 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in German American Bancorp during the third quarter worth $247,000. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Performance

Shares of GABC opened at $39.94 on Thursday. 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 company’s fifty day moving average is $41.94 and its 200-day moving average is $40.56. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 14.42 and a beta of 0.65. German American Bancorp has a 12 month low of $30.66 and a 12 month high of $47.08.

German American Bancorp (NASDAQ:GABCGet Free Report) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.07. German American Bancorp had a net margin of 23.75% and a return on equity of 11.94%. Equities analysts expect that German American Bancorp will post 2.76 EPS for the current fiscal year.

German American Bancorp Company Profile

(Get Free Report

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.

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Analyst Recommendations for German American Bancorp (NASDAQ:GABC)

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