German American Bancorp (NASDAQ:GABC) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of German American Bancorp (NASDAQ:GABC) from a hold rating to a sell rating in a report published on Saturday.

Other equities analysts have also recently issued research reports about the company. Piper Sandler raised 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. Stephens upped their target price on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods upped their target price on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.67.

German American Bancorp Price Performance

German American Bancorp stock opened at $43.59 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.86. German American Bancorp has a 52 week low of $36.55 and a 52 week high of $45.00. The stock has a market capitalization of $1.64 billion, a P/E ratio of 12.07 and a beta of 0.60. The stock has a fifty day moving average of $42.18 and a 200-day moving average of $41.09.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings results on Monday, April 27th. The bank reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.02). German American Bancorp had a return on equity of 12.13% and a net margin of 27.09%.The business had revenue of $97.43 million for the quarter, compared to analyst estimates of $95.84 million. On average, sell-side analysts expect 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 will be paid on Wednesday, May 20th. Shareholders of record on Sunday, May 10th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 8th. German American Bancorp’s dividend payout ratio is presently 34.35%.

Hedge Funds Weigh In On German American Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in German American Bancorp in the 4th quarter worth about $4,983,000. Aptus Capital Advisors LLC grew its position in shares of German American Bancorp by 15.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 268,421 shares of the bank’s stock valued at $10,541,000 after buying an additional 35,446 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in shares of German American Bancorp by 25.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 202,901 shares of the bank’s stock valued at $7,950,000 after buying an additional 41,247 shares during the last quarter. MQS Management LLC bought a new stake in shares of German American Bancorp in the 3rd quarter valued at about $484,000. Finally, Royce & Associates LP grew its position in shares of German American Bancorp by 7.0% in the 3rd quarter. Royce & Associates LP now owns 488,287 shares of the bank’s stock valued at $19,175,000 after buying an additional 31,821 shares during the last quarter. 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.