German American Bancorp (NASDAQ:GABC) Reaches New 12-Month High at $40.39

German American Bancorp, Inc. (NASDAQ:GABC)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $40.39 and last traded at $40.37, with a volume of 6791 shares traded. The stock had previously closed at $39.91.

Analyst Ratings Changes

Several analysts have weighed in on GABC shares. StockNews.com raised German American Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Hovde Group upped their price target on German American Bancorp from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, May 31st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, German American Bancorp currently has a consensus rating of “Hold” and a consensus target price of $36.33.

German American Bancorp Trading Up 1.5 %

The business has a 50 day moving average of $33.97 and a 200-day moving average of $32.98. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.20 billion, a P/E ratio of 14.00 and a beta of 0.62.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, April 29th. The bank reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. German American Bancorp had a return on equity of 13.68% and a net margin of 25.83%. The firm had revenue of $84.08 million during the quarter, compared to the consensus estimate of $61.05 million. Analysts anticipate that German American Bancorp, Inc. will post 2.5 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Friday, May 10th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Thursday, May 9th. German American Bancorp’s dividend payout ratio (DPR) is currently 37.89%.

Hedge Funds Weigh In On German American Bancorp

Large investors have recently bought and sold shares of the company. Chatham Capital Group Inc. boosted its holdings in shares of German American Bancorp by 1.7% in the 2nd quarter. Chatham Capital Group Inc. now owns 50,316 shares of the bank’s stock valued at $1,779,000 after buying an additional 840 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of German American Bancorp by 8.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,885 shares of the bank’s stock valued at $418,000 after buying an additional 961 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in shares of German American Bancorp by 186.2% in the 1st quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock valued at $71,000 after buying an additional 1,339 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of German American Bancorp by 20.6% in the 1st quarter. Diversified Trust Co now owns 12,002 shares of the bank’s stock valued at $416,000 after buying an additional 2,050 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 valued at $1,040,000 after buying an additional 2,326 shares during the last quarter. Institutional investors and hedge funds 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.