German American Bancorp (NASDAQ:GABC) Sets New 52-Week High – What’s Next?

Shares of German American Bancorp, Inc. (NASDAQ:GABC) reached a new 52-week high during trading on Wednesday . The stock traded as high as $46.39 and last traded at $46.2750, with a volume of 33933 shares changing hands. The stock had previously closed at $45.91.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GABC shares. Stephens boosted their target price on shares of German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report 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 on the stock in a research note on Friday, March 20th. Weiss Ratings restated a “buy (b)” rating on shares of German American Bancorp in a research report on Monday, June 1st. Finally, Keefe, Bruyette & Woods upped their target price on 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. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.67.

German American Bancorp Stock Performance

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 $1.75 billion, a P/E ratio of 12.91 and a beta of 0.59. The stock has a 50-day simple moving average of $43.78 and a 200-day simple moving average of $42.17.

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

German American Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Sunday, May 10th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.24 annualized dividend and a yield of 2.7%. German American Bancorp’s dividend payout ratio is presently 34.35%.

Institutional Trading of German American Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of GABC. Parallel Advisors LLC increased its holdings in shares of German American Bancorp by 220.7% during the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after buying an additional 927 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of German American Bancorp during the 3rd quarter valued at $72,000. MAI Capital Management grew its position in German American Bancorp by 2,605.9% during the 3rd quarter. MAI Capital Management now owns 2,300 shares of the bank’s stock worth $90,000 after acquiring an additional 2,215 shares during the last quarter. Tower Research Capital LLC TRC grew its position in German American Bancorp by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock worth $109,000 after acquiring an additional 2,132 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in German American Bancorp in the 4th quarter worth about $130,000. 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.