German American Bancorp, Inc. (NASDAQ:GABC – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $45.23 and last traded at $45.4190, with a volume of 11981 shares traded. The stock had previously closed at $44.40.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective 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. Piper Sandler upgraded shares of German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 target price for the company in a research report on Friday, March 20th. Stephens upped their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of German American Bancorp in a research report on Monday, June 1st. Finally, 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. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.67.
Read Our Latest Analysis on GABC
German American Bancorp Stock Performance
German American Bancorp (NASDAQ:GABC – Get Free Report) last released its quarterly earnings data 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 net margin of 27.09% and a return on equity of 11.98%. The firm had revenue of $97.43 million during the quarter, compared to the consensus estimate of $95.84 million. On average, research analysts predict that German American Bancorp, Inc. will post 3.71 earnings per share for the current year.
German American Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Sunday, May 10th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, May 8th. German American Bancorp’s dividend payout ratio is 34.35%.
Hedge Funds Weigh In On German American Bancorp
A number of large investors have recently added to or reduced their stakes in GABC. AQR Capital Management LLC increased its holdings in German American Bancorp by 161.6% during the 1st 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in German American Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock worth $635,000 after purchasing an additional 711 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in German American Bancorp by 9.7% during the 1st 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 purchasing an additional 4,907 shares in the last quarter. New York State Common Retirement Fund increased its holdings in German American Bancorp by 26.0% during the 2nd quarter. New York State Common Retirement Fund now owns 12,587 shares of the bank’s stock worth $485,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in 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 purchasing an additional 1,442 shares in the last quarter. Institutional investors 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.
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