German American Bancorp, Inc. (NASDAQ:GABC – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.63 and traded as high as $43.92. German American Bancorp shares last traded at $43.71, with a volume of 194,239 shares trading hands.
Wall Street Analyst Weigh In
GABC has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of German American Bancorp in a research report on Monday. Piper Sandler raised German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price objective for the company in a research report on Friday, March 20th. Stephens lifted their price objective on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wall Street Zen raised German American Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Keefe, Bruyette & Woods lifted 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, German American Bancorp has an average rating of “Moderate Buy” and an average price target of $47.67.
Read Our Latest Report on GABC
German American Bancorp Stock Up 1.3%
German American Bancorp (NASDAQ:GABC – Get Free Report) 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 return on equity of 11.98% and a net margin of 27.09%.The company had revenue of $97.43 million during the quarter, compared to analyst estimates of $95.84 million. As a group, equities analysts forecast that German American Bancorp, Inc. will post 3.71 earnings per share for the current fiscal year.
German American Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Sunday, May 10th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.8%. German American Bancorp’s payout ratio is currently 34.35%.
Institutional Investors Weigh In On German American Bancorp
Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in shares of German American Bancorp by 220.7% during the 1st quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after purchasing an additional 927 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in shares of German American Bancorp during the 3rd quarter worth about $72,000. MAI Capital Management lifted its position in shares of German American Bancorp by 2,605.9% during the 3rd quarter. MAI Capital Management now owns 2,300 shares of the bank’s stock worth $90,000 after purchasing an additional 2,215 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of German American Bancorp by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock worth $109,000 after purchasing an additional 2,132 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of German American Bancorp during the 4th quarter worth about $130,000. 46.90% of the stock is owned by institutional investors and hedge funds.
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.
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