Sandler O’Neill Analysts Give German American Bancorp. (GABC) a $37.00 Price Target

Sandler O’Neill set a $37.00 price objective on German American Bancorp. (NASDAQ:GABC) in a research note released on Tuesday. The firm currently has a hold rating on the bank’s stock.

GABC has been the subject of several other reports. BidaskClub lowered German American Bancorp. from a sell rating to a strong sell rating in a research note on Saturday, January 6th. Hovde Group reaffirmed a hold rating on shares of German American Bancorp. in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research raised German American Bancorp. from a hold rating to a buy rating and set a $39.00 price objective for the company in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $39.00.

German American Bancorp. (GABC) traded up $0.34 during midday trading on Tuesday, reaching $35.20. The company’s stock had a trading volume of 1,837 shares, compared to its average volume of 41,486. The stock has a market cap of $795.59 and a PE ratio of 21.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.88 and a quick ratio of 0.88. German American Bancorp. has a fifty-two week low of $28.71 and a fifty-two week high of $39.02.

German American Bancorp. (NASDAQ:GABC) last released its quarterly earnings results on Monday, October 30th. The bank reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). The firm had revenue of $33.19 million for the quarter, compared to analysts’ expectations of $34.03 million. German American Bancorp. had a net margin of 28.47% and a return on equity of 10.90%. equities analysts predict that German American Bancorp. will post 1.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Saturday, February 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.70%. This is a positive change from German American Bancorp.’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, February 8th. German American Bancorp.’s dividend payout ratio (DPR) is presently 31.71%.

In other German American Bancorp. news, Director Chris A. Ramsey purchased 9,884 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was purchased at an average cost of $35.75 per share, with a total value of $353,353.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chris A. Ramsey purchased 3,977 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were acquired at an average cost of $36.00 per share, with a total value of $143,172.00. Following the completion of the purchase, the director now directly owns 16,969 shares in the company, valued at approximately $610,884. The disclosure for this purchase can be found here. Insiders bought a total of 19,848 shares of company stock valued at $709,584 over the last ninety days. Corporate insiders own 8.51% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of German American Bancorp. during the 3rd quarter worth approximately $114,000. Great West Life Assurance Co. Can bought a new stake in shares of German American Bancorp. during the 3rd quarter worth approximately $116,000. Field & Main Bank bought a new stake in shares of German American Bancorp. during the 4th quarter worth approximately $138,000. Legal & General Group Plc lifted its stake in shares of German American Bancorp. by 56.3% during the 2nd quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock worth $181,000 after acquiring an additional 1,914 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of German American Bancorp. during the 2nd quarter worth approximately $221,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

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About German American Bancorp.

German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.

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