German American Bancorp, Inc. (NASDAQ:GABC) has been given a consensus recommendation of “Hold” by the six analysts that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $34.50.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded German American Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. BidaskClub downgraded German American Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, Sandler O’Neill set a $37.00 price target on German American Bancorp and gave the stock a “hold” rating in a research report on Tuesday, January 30th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Field & Main Bank bought a new position in shares of German American Bancorp during the 4th quarter worth $138,000. Advisor Group Inc. bought a new position in shares of German American Bancorp during the 4th quarter worth $139,000. Signature Financial Management Inc. bought a new position in shares of German American Bancorp during the 1st quarter worth $252,000. Teacher Retirement System of Texas bought a new position in shares of German American Bancorp during the 4th quarter worth $262,000. Finally, United Capital Financial Advisers LLC bought a new position in shares of German American Bancorp during the 1st quarter worth $345,000. 36.30% of the stock is currently owned by institutional investors and hedge funds.
German American Bancorp stock traded up $0.48 during mid-day trading on Monday, hitting $35.58. The company’s stock had a trading volume of 200 shares, compared to its average volume of 40,018. The company has a market capitalization of $806.16 million, a PE ratio of 21.31 and a beta of 1.06. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.75. German American Bancorp has a one year low of $30.32 and a one year high of $39.02.
German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, April 30th. The bank reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.03). The business had revenue of $35.10 million during the quarter, compared to the consensus estimate of $34.10 million. German American Bancorp had a net margin of 29.35% and a return on equity of 10.84%. research analysts anticipate that German American Bancorp will post 2.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Sunday, May 20th. Stockholders of record on Thursday, May 10th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Wednesday, May 9th. German American Bancorp’s payout ratio is 35.93%.
German American Bancorp Company Profile
German American Bancorp, Inc operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The company operates through three segments: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. The Core Banking segment accepts various 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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