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

German American Bancorp, Inc. (NASDAQ:GABC) hit 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 Upgrades and Downgrades

GABC has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Piper Sandler raised shares of 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 raised their price objective on shares of German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of German American Bancorp in a research note on Monday, June 1st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.67.

German American Bancorp Stock Up 1.2%

The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $1.69 billion, a PE ratio of 12.46 and a beta of 0.59. The business has a fifty day moving average of $43.22 and a 200-day moving average of $41.72.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, April 27th. The bank reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.02). The firm had revenue of $97.43 million during the quarter, compared to analysts’ expectations of $95.84 million. German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%. Equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Sunday, May 10th were issued a $0.31 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.8%. German American Bancorp’s payout ratio is presently 34.35%.

Institutional Trading of German American Bancorp

A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of German American Bancorp by 220.7% in 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 during the period. Bank of America Corp DE raised its stake in German American Bancorp by 23.4% in the first quarter. Bank of America Corp DE now owns 64,688 shares of the bank’s stock worth $2,703,000 after buying an additional 12,263 shares in the last quarter. Quantinno Capital Management LP raised its stake in German American Bancorp by 16.1% in the first quarter. Quantinno Capital Management LP now owns 12,483 shares of the bank’s stock worth $522,000 after buying an additional 1,728 shares in the last quarter. Entropy Technologies LP bought a new position in German American Bancorp in the first quarter worth approximately $258,000. Finally, Renaissance Technologies LLC raised its stake in German American Bancorp by 15.3% in the first quarter. Renaissance Technologies LLC now owns 109,249 shares of the bank’s stock worth $4,566,000 after buying an additional 14,500 shares in the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.

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.