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

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

Analyst Upgrades and Downgrades

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

German American Bancorp Price Performance

The firm has a fifty day moving average of $41.19 and a two-hundred day moving average of $37.89. The stock has a market capitalization of $1.36 billion, a P/E ratio of 16.49 and a beta of 0.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.71 EPS for the quarter, beating the consensus estimate 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 business had revenue of $62.40 million during the quarter, compared to analyst estimates of $62.80 million. On average, analysts predict that German American Bancorp, Inc. will post 2.76 EPS for the current year.

German American Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Sunday, November 10th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, November 8th. This represents a $1.08 dividend on an annualized basis and a yield of 2.36%. German American Bancorp’s dividend payout ratio is currently 38.99%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Cerity Partners LLC boosted its position in German American Bancorp by 1.1% during the third quarter. Cerity Partners LLC now owns 30,922 shares of the bank’s stock valued at $1,198,000 after purchasing an additional 323 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of German American Bancorp by 6.2% during the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after buying an additional 365 shares during the last quarter. Pettinga Financial Advisors LLC boosted its holdings in shares of German American Bancorp by 6.5% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank’s stock valued at $258,000 after buying an additional 443 shares in the last quarter. Chatham Capital Group Inc. grew its position 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 worth $1,779,000 after buying an additional 840 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of German American Bancorp by 5.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 20,610 shares of the bank’s stock worth $799,000 after acquiring an additional 1,097 shares in the last quarter. 46.90% of the stock is owned by institutional investors.

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.