Stephens initiated coverage on German American Bancorp with a new price target
$GABC
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Stephens initiated coverage of German American Bancorp with a rating of Overweight and set a new price target of $45.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $41.00 → $48.00 | Market Perform → Outperform | Hovde Group |
| 10/15/2024 | $45.00 | Overweight | Stephens |
| 5/31/2024 | $33.00 → $34.00 | Market Perform | Hovde Group |
| 1/5/2024 | $38.00 | Mkt Perform → Outperform | Raymond James |
| 5/25/2023 | $31.00 | Neutral | Piper Sandler |
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
Hovde Group upgraded German American Bancorp from Market Perform to Outperform and set a new price target of $48.00 from $41.00 previously
Stephens initiated coverage of German American Bancorp with a rating of Overweight and set a new price target of $45.00
Hovde Group reiterated coverage of German American Bancorp with a rating of Market Perform and set a new price target of $34.00 from $33.00 previously
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
SC 13G - GERMAN AMERICAN BANCORP, INC. (0000714395) (Subject)
SC 13G/A - GERMAN AMERICAN BANCORP, INC. (0000714395) (Subject)
SC 13G/A - GERMAN AMERICAN BANCORP, INC. (0000714395) (Subject)
German American Bancorp, Inc. has announced the appointment of Andrew Seger, Chief Financial Officer and Senior Vice President of Sales for Wabash Valley Produce, Inc., to its corporate board of directors effective as of July 1, 2025. Wabash Valley Produce, headquartered in Dubois, Indiana, is one of the largest egg product suppliers in the U.S. The family-owned company was founded in 1964 and is now managed by second and third generations of the Seger family. Andrew oversees finance, sales, and customer relations, primarily working with customers on their egg product needs and strategic growth opportunities. Prior to joining Wabash Valley full time in 2011 as part of the third-generati
Jasper, Indiana-based, German American BancCorp, Inc. (NASDAQ:GABC, or ", German American", ))) (KBRA senior unsecured debt rating: BBB+ / Stable Outlook) announced on July 29 that it had entered into a merger agreement to acquire Heartland BancCorp (OTCQX:HLAN, Heartland', ))), based in Whitehall, Ohio. The transaction, valued at $330.2 million (P/TBV: 2.02x), is an all-stock deal consideration and expected to close in 1Q25 pending regulatory approval. Upon completion of the transaction, Heartland's subsidiary bank, Heartland Bank, will be merged into German American's subsidiary bank, German American Bank, and operate under a co-branded name within the Ohio markets. G. Scott McComb, Chair
JASPER, Ind. and WHITEHALL, Ohio, July 29, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) ("German American") and Heartland BancCorp (OTCQX:HLAN) ("Heartland") jointly announced today that they have entered into a definitive agreement to merge Heartland into German American. Upon completion of the transaction, Heartland's subsidiary bank, Heartland Bank, will be merged into German American's subsidiary bank, German American Bank, and operate under a co-branded name within the Ohio markets. Under the terms of the definitive agreement, Heartland shareholders, other than the Heartland retirement plan, will receive 3.90 shares of German American common stock for each s
German American Bancorp, Inc. (NASDAQ:GABC) reported first quarter earnings of $10.5 million, or $0.30 per share. The first quarter earnings included the results of Heartland BancCorp ("Heartland"), the parent company of Heartland Bank, which was acquired by German American on February 1, 2025. The first quarter of 2025 included one-time merger and acquisition costs of $5.9 million and "Day 2" provision under the current expected credit loss ("CECL") model for Heartland of $16.2 million (total impact of $16.8 million on an after-tax basis). As a result, quarterly earnings declined by approximately $12.7 million, or 62% on a per share basis, from 2024 fourth quarter earnings of $23.2 million
German American Bancorp, Inc. (NASDAQ:GABC) announced today that it has completed its merger with Heartland BancCorp, the parent company of Heartland Bank, effective at 12:01 a.m. (Eastern time) on February 1, 2025. Immediately following completion of the holding company transaction, Heartland Bank merged with and into German American's banking subsidiary, German American Bank. Each Heartland shareholder of record at closing (other than the Heartland 401(k) Plan) is entitled to receive 3.90 shares of German American common stock (the "Exchange Ratio") for each of their shares of Heartland common stock, subject to their surrender of the old Heartland shares to the exchange agent designated
German American Bancorp, Inc. (NASDAQ:GABC) reported strong fourth quarter 2024 earnings of $23.2 million, or $0.78 per share, reflecting a linked quarter increase of $2.2 million, or approximately 10% on a per share basis, from 2024 third quarter earnings of $21.0 million, or $0.71 per share. The Company also reported strong annual earnings of $83.8 million, or $2.83 per share, for the year ended December 31, 2024. This level of reported annual earnings resulted in a 12.2% return on average shareholders' equity, marking the 20th consecutive fiscal year in which the Company has delivered a double-digit return on shareholders' equity. The Company also announced a 7.4% increase to its quarter
8-K - GERMAN AMERICAN BANCORP, INC. (0000714395) (Filer)
13F-HR - GERMAN AMERICAN BANCORP, INC. (0000714395) (Filer)
10-Q - GERMAN AMERICAN BANCORP, INC. (0000714395) (Filer)
German American Bank has been awarded the prestigious Raymond James Community Bankers Cup for its performance in 2024. This is the second consecutive year the Bank has earned this recognition for being one of the best performing banks in the nation, demonstrating its commitment to building long-term shareholder value. Only 21 community banks in the United States received this award. "It's an honor for our German American Bank team to receive this recognition from Raymond James," states Neil Dauby, Chairman and CEO. "Our employees, customers, and communities are the heart of our success. Our employees strive daily to run a high performing operation, which strengthens our ability to serve o
German American Bancorp, Inc. has announced the appointment of Andrew Seger, Chief Financial Officer and Senior Vice President of Sales for Wabash Valley Produce, Inc., to its corporate board of directors effective as of July 1, 2025. Wabash Valley Produce, headquartered in Dubois, Indiana, is one of the largest egg product suppliers in the U.S. The family-owned company was founded in 1964 and is now managed by second and third generations of the Seger family. Andrew oversees finance, sales, and customer relations, primarily working with customers on their egg product needs and strategic growth opportunities. Prior to joining Wabash Valley full time in 2011 as part of the third-generati
German American Bancorp, Inc. (NASDAQ:GABC) reported first quarter earnings of $10.5 million, or $0.30 per share. The first quarter earnings included the results of Heartland BancCorp ("Heartland"), the parent company of Heartland Bank, which was acquired by German American on February 1, 2025. The first quarter of 2025 included one-time merger and acquisition costs of $5.9 million and "Day 2" provision under the current expected credit loss ("CECL") model for Heartland of $16.2 million (total impact of $16.8 million on an after-tax basis). As a result, quarterly earnings declined by approximately $12.7 million, or 62% on a per share basis, from 2024 fourth quarter earnings of $23.2 million