German American Bancorp (NASDAQ:GABC) Upgraded at Piper Sandler

Piper Sandler upgraded shares of German American Bancorp (NASDAQ:GABC) from a neutral rating to an overweight rating in a research report report published on Friday, MarketBeat Ratings reports. Piper Sandler currently has $47.00 price objective on the bank’s stock.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods increased their price target on German American Bancorp from $45.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of German American Bancorp in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $46.50.

German American Bancorp Price Performance

NASDAQ:GABC opened at $40.55 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.52 billion, a PE ratio of 13.38 and a beta of 0.65. German American Bancorp has a 12 month low of $32.75 and a 12 month high of $45.00. The company’s 50-day moving average price is $41.58 and its two-hundred day moving average price is $40.36.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings data on Monday, January 26th. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. German American Bancorp had a net margin of 23.11% and a return on equity of 11.80%. The company had revenue of $97.85 million during the quarter, compared to analyst estimates of $94.67 million. On average, equities analysts anticipate that German American Bancorp will post 3.06 EPS for the current fiscal year.

German American Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were paid a $0.31 dividend. This is a boost from German American Bancorp’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, February 10th. German American Bancorp’s payout ratio is presently 40.92%.

Institutional Trading of German American Bancorp

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in German American Bancorp by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 2,281,704 shares of the bank’s stock worth $89,397,000 after purchasing an additional 90,203 shares during the last quarter. Franklin Resources Inc. lifted its holdings in German American Bancorp by 3.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,847,234 shares of the bank’s stock worth $72,541,000 after buying an additional 64,338 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in German American Bancorp by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,414,363 shares of the bank’s stock valued at $55,415,000 after buying an additional 23,644 shares during the last quarter. Champlain Investment Partners LLC boosted its position in German American Bancorp by 11.6% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,304,428 shares of the bank’s stock valued at $50,234,000 after buying an additional 135,073 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of German American Bancorp by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,188,331 shares of the bank’s stock valued at $46,560,000 after buying an additional 7,142 shares during the period. 46.90% of the stock is owned by institutional investors.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company’s core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.