German American Bancorp (NASDAQ:GABC) Now Covered by Raymond James Financial

Equities research analysts at Raymond James Financial assumed coverage on shares of German American Bancorp (NASDAQ:GABC) in a research report issued to clients and investors on Wednesday. The brokerage set a “market perform” rating on the bank’s stock.

A number of other equities analysts have also commented on the stock. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Piper Sandler raised German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 target price on the stock in a report on Friday, March 20th. Weiss Ratings restated a “buy (b)” rating on shares of German American Bancorp in a research report on Monday, June 1st. Stephens raised 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. Finally, Keefe, Bruyette & Woods increased their price objective on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.67.

German American Bancorp Price Performance

Shares of GABC traded down $0.47 during mid-day trading on Wednesday, reaching $47.20. The company had a trading volume of 7,066 shares, compared to its average volume of 153,627. German American Bancorp has a twelve month low of $36.56 and a twelve month high of $48.94. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50-day moving average is $44.53 and its 200-day moving average is $42.65. The company has a market capitalization of $1.77 billion, a P/E ratio of 12.97 and a beta of 0.59.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GABC. AQR Capital Management LLC grew its stake in shares of German American Bancorp by 161.6% during the first quarter. AQR Capital Management LLC now owns 50,971 shares of the bank’s stock worth $1,911,000 after purchasing an additional 31,486 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in German American Bancorp by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock valued at $635,000 after buying an additional 711 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in German American Bancorp by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank’s stock worth $2,076,000 after buying an additional 4,907 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in German American Bancorp by 26.0% during the second quarter. New York State Common Retirement Fund now owns 12,587 shares of the bank’s stock worth $485,000 after buying an additional 2,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of German American Bancorp by 6.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 23,630 shares of the bank’s stock worth $910,000 after buying an additional 1,442 shares during the period. 46.90% of the stock is currently 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.