German American Bancorp (NASDAQ:GABC) Coverage Initiated by Analysts at Raymond James Financial

Raymond James Financial started coverage on shares of German American Bancorp (NASDAQ:GABC) in a research note issued to investors on Wednesday morning. The firm issued a market perform rating on the bank’s stock.

Other analysts also recently issued research reports about the company. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Keefe, Bruyette & Woods boosted their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of German American Bancorp in a research note on Monday, June 1st. Piper Sandler raised shares of German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price target for the company in a report on Friday, March 20th. Finally, Stephens upped their price objective on shares of German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.67.

German American Bancorp Price Performance

NASDAQ GABC opened at $46.57 on Wednesday. German American Bancorp has a fifty-two week low of $36.56 and a fifty-two week high of $48.94. The stock’s 50-day moving average is $44.58 and its two-hundred day moving average is $42.69. The firm has a market cap of $1.75 billion, a P/E ratio of 12.90 and a beta of 0.59. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, April 27th. The bank reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.02). German American Bancorp had a return on equity of 11.98% and a net margin of 27.09%.The company had revenue of $97.43 million for the quarter, compared to the consensus estimate of $95.84 million. On average, analysts anticipate that German American Bancorp will post 3.71 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Sunday, May 10th were given a dividend of $0.31 per share. The ex-dividend date was Friday, May 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.7%. German American Bancorp’s dividend payout ratio (DPR) is 34.35%.

Institutional Trading of German American Bancorp

Several hedge funds have recently modified their holdings of the company. Parallel Advisors LLC lifted its position in German American Bancorp by 220.7% during the 1st quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after buying an additional 927 shares in the last quarter. Quadrant Capital Group LLC bought a new position in German American Bancorp in the third quarter valued at approximately $72,000. Tower Research Capital LLC TRC grew its holdings in German American Bancorp by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock worth $109,000 after acquiring an additional 2,132 shares during the period. Kestra Advisory Services LLC acquired a new stake in German American Bancorp during the 4th quarter worth $130,000. Finally, Fort Point Capital Partners LLC bought a new stake in shares of German American Bancorp during the 4th quarter valued at $203,000. Institutional investors and hedge funds own 46.90% of the company’s stock.

About German American Bancorp

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.