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

German American Bancorp, Inc. (NASDAQ:GABC)’s share price hit a new 52-week high on Tuesday . The company traded as high as $45.23 and last traded at $45.4190, with a volume of 11981 shares changing hands. The stock had previously closed at $44.40.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GABC. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Keefe, Bruyette & Woods raised their price objective on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings restated a “buy (b)” rating on shares of German American Bancorp in a research report on Monday, June 1st. Stephens raised their price objective on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Piper Sandler upgraded German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price objective for the company in a research report on Friday, March 20th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, German American Bancorp currently has an average rating of “Moderate Buy” and an average price target of $47.67.

German American Bancorp Trading Up 1.2%

The company has a market cap of $1.69 billion, a PE ratio of 12.46 and a beta of 0.59. 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 company has a 50-day moving average of $43.22 and a 200 day moving average of $41.72.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, April 27th. The bank reported $0.88 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.02). The company had revenue of $97.43 million during the quarter, compared to analysts’ expectations of $95.84 million. German American Bancorp had a return on equity of 11.98% and a net margin of 27.09%. Analysts predict that German American Bancorp, Inc. will post 3.71 earnings per share for the current year.

German American Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Sunday, May 10th were given a $0.31 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.24 annualized dividend and a yield of 2.8%. German American Bancorp’s dividend payout ratio (DPR) is currently 34.35%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GABC. Parallel Advisors LLC lifted its stake in German American Bancorp by 220.7% in the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after purchasing an additional 927 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in German American Bancorp in the third quarter worth about $72,000. MAI Capital Management lifted its stake in German American Bancorp by 2,605.9% in the third quarter. MAI Capital Management now owns 2,300 shares of the bank’s stock worth $90,000 after purchasing an additional 2,215 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in German American Bancorp by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock worth $109,000 after purchasing an additional 2,132 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in German American Bancorp in the fourth quarter worth about $130,000. 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 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.