German American Bancorp (NASDAQ:GABC) Share Price Passes Above 200-Day Moving Average – Time to Sell?

German American Bancorp, Inc. (NASDAQ:GABC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $39.11 and traded as high as $40.74. German American Bancorp shares last traded at $40.22, with a volume of 174,324 shares.

Analyst Ratings Changes

A number of brokerages recently commented on GABC. Piper Sandler raised their target price on German American Bancorp from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Wall Street Zen raised German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings cut German American Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.33.

German American Bancorp Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.51 billion, a PE ratio of 14.06 and a beta of 0.62. The stock has a 50 day simple moving average of $40.05 and a 200-day simple moving average of $39.11.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Wednesday, September 7th. The bank reported $0.81 earnings per share (EPS) for the quarter. German American Bancorp had a return on equity of 12.40% and a net margin of 22.19%.The business had revenue of $64.78 million during the quarter. Equities analysts anticipate that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, November 10th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, November 10th. German American Bancorp’s dividend payout ratio is presently 44.11%.

Insider Transactions at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley purchased 882 shares of the business’s stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $37.95 per share, for a total transaction of $33,471.90. Following the purchase, the director owned 6,252 shares of the company’s stock, valued at approximately $237,263.40. This represents a 16.42% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders acquired 1,124 shares of company stock valued at $42,903. Corporate insiders own 4.59% of the company’s stock.

Institutional Investors Weigh In On German American Bancorp

Institutional investors have recently bought and sold shares of the business. Silver Oak Securities Incorporated purchased a new stake in German American Bancorp in the 1st quarter worth $28,000. SouthState Corp purchased a new position in shares of German American Bancorp during the first quarter valued at about $28,000. KBC Group NV purchased a new position in shares of German American Bancorp during the first quarter valued at about $55,000. State of Alaska Department of Revenue purchased a new position in shares of German American Bancorp during the third quarter valued at about $58,000. Finally, Indiana Trust & Investment Management Co purchased a new position in shares of German American Bancorp during the third quarter valued at about $68,000. 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 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.