Piper Sandler lowered the firm’s price target on German American Bancorp (GABC) to $42 from $44 and keeps a Neutral rating on the shares. The firm notes the company’s balance sheet size was in-line with expectations, and Q1 core earnings were stronger than anticipated with 10% PPNR upside driven by greater net interest income with more pronounced net interest margin expansion.
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Read More on GABC:
- German American Bancorp price target lowered to $46 from $48 at Stephens
- German American Bancorp Reports Q1 2025 Earnings
- German American Bancorp reports Q1 adjusted EPS 79c, consensus 66c
- GABC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- German American Bancorp Launches 2025 Management Incentive Plan
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