German American Bancorp (NASDAQ:GABC) Sets New 12-Month High – What’s Next?

German American Bancorp, Inc. (NASDAQ:GABC)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $46.39 and last traded at $45.97, with a volume of 133577 shares changing hands. The stock had previously closed at $45.91.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GABC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of German American Bancorp in a report on Monday, June 1st. 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 note on Friday, March 20th. Stephens boosted their target price on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Keefe, Bruyette & Woods raised their price target on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.67.

German American Bancorp Trading Down 0.9%

The firm has a market capitalization of $1.71 billion, a PE ratio of 12.63 and a beta of 0.59. The firm’s 50-day simple moving average is $43.52 and its 200-day simple moving average is $41.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.14.

German American Bancorp (NASDAQ:GABC) last released its 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). The company had revenue of $97.43 million during the quarter, compared to the consensus estimate of $95.84 million. German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%. Equities analysts expect that German American Bancorp, Inc. will post 3.71 earnings per share for the current year.

German American Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Sunday, May 10th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. German American Bancorp’s payout ratio is 34.35%.

Institutional Trading of German American Bancorp

Institutional investors have recently made changes to their positions in the stock. German American Bancorp Inc. grew its holdings in shares of German American Bancorp by 59.6% in the fourth quarter. German American Bancorp Inc. now owns 954,287 shares of the bank’s stock worth $37,389,000 after purchasing an additional 356,382 shares during the last quarter. SG Americas Securities LLC bought a new stake in German American Bancorp during the 4th quarter valued at $4,983,000. FJ Capital Management LLC raised its holdings in German American Bancorp by 1,802.7% during the 3rd quarter. FJ Capital Management LLC now owns 112,580 shares of the bank’s stock valued at $4,421,000 after buying an additional 106,663 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in German American Bancorp by 155.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 173,231 shares of the bank’s stock valued at $6,787,000 after buying an additional 105,474 shares during the period. Finally, Two Sigma Investments LP boosted its position in German American Bancorp by 1,660.8% during the 3rd quarter. Two Sigma Investments LP now owns 101,666 shares of the bank’s stock valued at $3,992,000 after buying an additional 95,892 shares during the period. Hedge funds and other 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.