German American Bancorp, Inc. (NASDAQ:GABC – Get Free Report) shares hit a new 52-week high during trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $50.10 and last traded at $49.9650, with a volume of 30231 shares trading hands. The stock had previously closed at $48.83.
The bank reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.10. The company had revenue of $101.34 million during the quarter, compared to the consensus estimate of $99.22 million. German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%.
German American Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be paid a $0.31 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.24 annualized dividend and a dividend yield of 2.5%. German American Bancorp’s dividend payout ratio (DPR) is presently 34.35%.
Analysts Set New Price Targets
View Our Latest Research Report on German American Bancorp
Hedge Funds Weigh In On German American Bancorp
Large investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in shares of German American Bancorp by 220.7% during the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock valued at $56,000 after purchasing an additional 927 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in shares of German American Bancorp in the third quarter valued at approximately $72,000. Tower Research Capital LLC TRC increased its stake in shares of German American Bancorp by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock valued at $109,000 after buying an additional 2,132 shares during the period. Kestra Advisory Services LLC bought a new position in German American Bancorp in the 4th quarter valued at approximately $130,000. Finally, Squarepoint Ops LLC bought a new position in German American Bancorp in the 4th quarter valued at approximately $201,000. 46.90% of the stock is currently owned by institutional investors.
German American Bancorp Trading Up 3.2%
The firm’s 50-day moving average is $45.87 and its 200 day moving average is $43.43. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 13.92 and a beta of 0.59.
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.
Further Reading
- Five stocks we like better than German American Bancorp
- 3 Stocks Standing Out and 2 Losing Momentum as the Tech Rally Cracks
- 5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest?
- Middleby Is Betting a Leaner Business Can Unlock More Value
- 3 Value ETFs to Consider as Growth Stocks Lag Behind
Receive News & Ratings for German American Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
