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 traded.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings downgraded German American Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Piper Sandler upped their price target on German American Bancorp from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.33.

German American Bancorp Trading Up 2.7%

The firm has a 50 day simple moving average of $40.05 and a 200 day simple moving average of $39.11. 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 capitalization of $1.51 billion, a PE ratio of 14.06 and a beta of 0.62.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Wednesday, September 7th. The bank reported $0.81 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 for the quarter. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, November 10th. German American Bancorp’s dividend payout ratio (DPR) is currently 44.11%.

Insider Buying and Selling

In other German American Bancorp news, Director Diane B. Medley bought 882 shares of the business’s stock in a transaction on Monday, August 4th. The shares were acquired at an average cost of $37.95 per share, for a total transaction of $33,471.90. Following the purchase, the director owned 6,252 shares in the company, valued at approximately $237,263.40. This trade represents a 16.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 1,124 shares of company stock worth $42,903. Company insiders own 4.59% of the company’s stock.

Hedge Funds Weigh In On German American Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of German American Bancorp by 12.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,185 shares of the bank’s stock valued at $912,000 after buying an additional 2,704 shares during the period. KBC Group NV bought a new position in shares of German American Bancorp during the 1st quarter valued at $55,000. Swiss National Bank lifted its holdings in shares of German American Bancorp by 12.3% during the 1st quarter. Swiss National Bank now owns 65,550 shares of the bank’s stock valued at $2,458,000 after buying an additional 7,200 shares during the period. Onyx Bridge Wealth Group LLC bought a new position in shares of German American Bancorp during the 1st quarter valued at $254,000. Finally, Cerity Partners LLC lifted its holdings in shares of German American Bancorp by 4.5% during the 1st quarter. Cerity Partners LLC now owns 27,423 shares of the bank’s stock valued at $1,028,000 after buying an additional 1,176 shares during the period. 46.90% of the stock is owned by institutional investors.

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.