German American Bancorp (NASDAQ:GABC) Reaches New 12-Month High – What’s Next?

German American Bancorp, Inc. (NASDAQ:GABC) shares reached a new 52-week high on Monday . The company traded as high as $46.76 and last traded at $46.72, with a volume of 6314 shares traded. The stock had previously closed at $45.96.

Analyst Upgrades and Downgrades

GABC has been the subject of a number of recent analyst reports. Piper Sandler upped their price target on shares of German American Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Raymond James upped their price target on shares of German American Bancorp from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Stephens initiated coverage on shares of German American Bancorp in a research report on Tuesday, October 15th. They issued an “overweight” rating and a $45.00 price target for the company. StockNews.com lowered shares of German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Finally, Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $41.00 to $48.00 in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.25.

German American Bancorp Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 16.59 and a beta of 0.61. The business’s 50 day moving average is $41.07 and its 200 day moving average is $37.80.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. German American Bancorp had a net margin of 23.75% and a return on equity of 11.94%. The company had revenue of $62.40 million during the quarter, compared to analyst estimates of $62.80 million. Sell-side analysts anticipate that German American Bancorp, Inc. will post 2.76 earnings per share for the current year.

German American Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, November 8th. German American Bancorp’s dividend payout ratio (DPR) is 38.99%.

Institutional Investors Weigh In On German American Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC purchased a new stake in German American Bancorp in the 1st quarter worth $6,828,000. LSV Asset Management increased its holdings in German American Bancorp by 303.3% in the 2nd quarter. LSV Asset Management now owns 29,300 shares of the bank’s stock worth $1,036,000 after acquiring an additional 22,035 shares in the last quarter. German American Bancorp Inc. increased its holdings in German American Bancorp by 160.1% in the 3rd quarter. German American Bancorp Inc. now owns 514,018 shares of the bank’s stock worth $19,918,000 after acquiring an additional 316,400 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in German American Bancorp by 8.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,019 shares of the bank’s stock worth $1,040,000 after acquiring an additional 2,326 shares in the last quarter. Finally, Mutual of America Capital Management LLC acquired a new stake in German American Bancorp during the 2nd quarter worth $5,887,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Company Profile

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.