German American Bancorp’s Hold Rating Reaffirmed at Keefe, Bruyette & Woods (GABC)
German American Bancorp (NASDAQ:GABC)‘s stock had its “hold” rating restated by research analysts at Keefe, Bruyette & Woods in a report released on Wednesday, Stock Ratings News reports. They currently have a $29.00 price objective on the stock, up from their previous price objective of $28.00. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 11.37% from the company’s current price.
German American Bancorp (NASDAQ:GABC) traded down 0.84% during mid-day trading on Wednesday, hitting $26.04. 27,593 shares of the company’s stock traded hands. German American Bancorp has a one year low of $20.08 and a one year high of $30.58. The stock’s 50-day moving average is $28.41 and its 200-day moving average is $27.84. The company has a market cap of $343.0 million and a price-to-earnings ratio of 13.26.
German American Bancorp (NASDAQ:GABC) last released its earnings data on Monday, April 28th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. On average, analysts predict that German American Bancorp will post $1.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, May 20th. Shareholders of record on Saturday, May 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Wednesday, May 7th.
German American Bancorp, Inc is a financial services holding company. The principal subsidiary of the Company is its banking subsidiary, German American Bancorp (NASDAQ:GABC), which operates through 34 retail banking offices in 12 contiguous Southern Indiana counties.
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