German American Bancorp (NASDAQ:GABC) Sets New 52-Week High – What’s Next?

Shares of German American Bancorp, Inc. (NASDAQ:GABC) hit a new 52-week high during trading on Wednesday . The company traded as high as $46.39 and last traded at $46.2750, with a volume of 33933 shares trading hands. The stock had previously closed at $45.91.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. 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 lifted their target price on shares of German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of German American Bancorp in a report on Monday, June 1st. 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. Finally, Keefe, Bruyette & Woods raised their target price on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.67.

German American Bancorp Trading Up 1.5%

The stock has a market cap of $1.75 billion, a P/E ratio of 12.91 and a beta of 0.59. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. The firm’s fifty day simple moving average is $43.78 and its 200-day simple moving average is $42.17.

German American Bancorp (NASDAQ:GABC) last posted 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. Equities research analysts expect that German American Bancorp, Inc. will post 3.71 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GABC. Vanguard Group Inc. lifted its stake in shares of German American Bancorp by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 2,281,704 shares of the bank’s stock valued at $89,397,000 after purchasing an additional 90,203 shares during the period. Franklin Resources Inc. grew its stake in German American Bancorp by 3.6% during the third quarter. Franklin Resources Inc. now owns 1,847,234 shares of the bank’s stock worth $72,541,000 after purchasing an additional 64,338 shares during the period. Charles Schwab Investment Management Inc. grew its stake in German American Bancorp by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,414,363 shares of the bank’s stock worth $55,415,000 after purchasing an additional 23,644 shares during the period. Dimensional Fund Advisors LP increased its holdings in German American Bancorp by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,219,958 shares of the bank’s stock worth $50,982,000 after purchasing an additional 31,627 shares in the last quarter. Finally, German American Bancorp Inc. increased its holdings in German American Bancorp by 1.3% in the first quarter. German American Bancorp Inc. now owns 966,872 shares of the bank’s stock worth $40,406,000 after purchasing an additional 12,585 shares in the last quarter. 46.90% of the stock is owned by institutional investors.

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.