German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $46.74 and last traded at $45.81, with a volume of 407 shares traded. The stock had previously closed at $46.26.
Wall Street Analyst Weigh In
GABC has been the subject of several research reports. Stephens began coverage on shares of German American Bancorp in a research report on Tuesday, October 15th. They issued an "overweight" rating and a $45.00 price target for the company. StockNews.com lowered shares of German American Bancorp from a "hold" rating to a "sell" rating in a research note on Tuesday, July 30th. Piper Sandler boosted their price objective on shares of German American Bancorp from $34.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, August 1st. Hovde Group upgraded shares of German American Bancorp from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $41.00 to $48.00 in a research note on Wednesday, October 30th. Finally, Raymond James boosted their price objective on shares of German American Bancorp from $40.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $45.25.
Get Our Latest Stock Analysis on German American Bancorp
German American Bancorp Price Performance
The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.81. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 16.74 and a beta of 0.61. The stock's 50 day simple moving average is $39.98 and its 200-day simple moving average is $37.04.
German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. The firm had revenue of $62.40 million for the quarter, compared to analyst estimates of $62.80 million. German American Bancorp had a net margin of 23.75% and a return on equity of 11.94%. Equities research analysts anticipate that German American Bancorp, Inc. will post 2.74 EPS for the current fiscal year.
German American Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Sunday, November 10th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, November 8th. German American Bancorp's dividend payout ratio (DPR) is presently 38.99%.
Institutional Trading of German American Bancorp
A number of hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC raised its position in shares of German American Bancorp by 1.1% in the third quarter. Cerity Partners LLC now owns 30,922 shares of the bank's stock valued at $1,198,000 after buying an additional 323 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of German American Bancorp by 6.2% in the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank's stock valued at $241,000 after buying an additional 365 shares during the last quarter. Pettinga Financial Advisors LLC raised its position in shares of German American Bancorp by 6.5% in the second quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank's stock valued at $258,000 after buying an additional 443 shares during the last quarter. Chatham Capital Group Inc. raised its position in shares of German American Bancorp by 1.7% in the second quarter. Chatham Capital Group Inc. now owns 50,316 shares of the bank's stock valued at $1,779,000 after buying an additional 840 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of German American Bancorp by 5.6% in the third quarter. Valeo Financial Advisors LLC now owns 20,610 shares of the bank's stock valued at $799,000 after buying an additional 1,097 shares during the last quarter. 46.90% of the stock is owned by hedge funds and other institutional investors.
German American Bancorp Company Profile
(
Get Free Report)
German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.
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