German American Bancorp (NASDAQ:GABC) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

German American Bancorp, Inc. (NASDAQ:GABCGet Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $40.03 and traded as high as $44.53. German American Bancorp shares last traded at $44.10, with a volume of 113,066 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of German American Bancorp in a research note on Monday, December 29th. Keefe, Bruyette & Woods raised their price objective on shares of German American Bancorp from $45.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Finally, Piper Sandler boosted their target price on shares of German American Bancorp from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.50.

Get Our Latest Analysis on GABC

German American Bancorp Stock Performance

The stock’s 50-day moving average price is $40.75 and its 200-day moving average price is $40.03. 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 company has a market capitalization of $1.65 billion, a P/E ratio of 14.55 and a beta of 0.67.

German American Bancorp (NASDAQ:GABCGet Free Report) last announced its quarterly earnings data on Monday, January 26th. The bank reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. German American Bancorp had a net margin of 23.11% and a return on equity of 12.02%. The business had revenue of $95.99 million during the quarter, compared to the consensus estimate of $94.67 million. As a group, equities analysts expect that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, February 10th. This is a positive change from German American Bancorp’s previous quarterly dividend of $0.29. German American Bancorp’s payout ratio is currently 38.28%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new stake in German American Bancorp in the third quarter worth $58,000. Indiana Trust & Investment Management Co acquired a new stake in shares of German American Bancorp in the 3rd quarter worth about $68,000. Quadrant Capital Group LLC acquired a new stake in shares of German American Bancorp in the 3rd quarter worth about $72,000. MAI Capital Management lifted its position in German American Bancorp by 2,605.9% in the 3rd quarter. MAI Capital Management now owns 2,300 shares of the bank’s stock valued at $90,000 after purchasing an additional 2,215 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in German American Bancorp by 4,548.3% during the 2nd quarter. Allworth Financial LP now owns 2,696 shares of the bank’s stock valued at $104,000 after purchasing an additional 2,638 shares during the period. Institutional investors and hedge funds own 46.90% of the company’s stock.

German American Bancorp Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for German American Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.