German American Bancorp (NASDAQ:GABC) Reaches New 1-Year High at $36.27

German American Bancorp, Inc. (NASDAQ:GABC)’s stock price reached a new 52-week high on Thursday . The company traded as high as $36.27 and last traded at $36.26, with a volume of 13488 shares changing hands. The stock had previously closed at $34.80.

Wall Street Analyst Weigh In

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

German American Bancorp Stock Performance

The company has a market capitalization of $1.08 billion, a PE ratio of 12.21 and a beta of 0.62. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $32.95 and a two-hundred day moving average price of $32.65.

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

German American Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.98%. The ex-dividend date was Thursday, May 9th. German American Bancorp’s dividend payout ratio is 37.89%.

Institutional Investors Weigh In On German American Bancorp

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in German American Bancorp by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,093,033 shares of the bank’s stock valued at $35,426,000 after buying an additional 30,050 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in German American Bancorp during the first quarter worth about $1,097,000. PNC Financial Services Group Inc. lifted its stake in German American Bancorp by 101.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 23,295 shares of the bank’s stock worth $755,000 after purchasing an additional 11,732 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in German American Bancorp by 22.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 114,091 shares of the bank’s stock worth $3,698,000 after purchasing an additional 21,174 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in German American Bancorp by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,638,166 shares of the bank’s stock worth $44,378,000 after purchasing an additional 6,828 shares during the last quarter. 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.