German American Bancorp (NASDAQ:GABC) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

German American Bancorp, Inc. (NASDAQ:GABC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.24 and traded as high as $43.26. German American Bancorp shares last traded at $43.17, with a volume of 83,224 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on German American Bancorp from $45.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, January 28th. Piper Sandler increased their price target on German American Bancorp from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of German American Bancorp in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.50.

German American Bancorp Stock Up 1.2%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a fifty day simple moving average of $41.32 and a 200-day simple moving average of $40.28. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 14.41 and a beta of 0.67.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, January 26th. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $97.85 million for the quarter, compared to analyst estimates of $94.67 million. German American Bancorp had a net margin of 23.11% and a return on equity of 12.02%. As a group, sell-side analysts expect that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were issued a dividend of $0.31 per share. This is a boost from German American Bancorp’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, February 10th. German American Bancorp’s dividend payout ratio is presently 40.92%.

Hedge Funds Weigh In On German American Bancorp

A number of large investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in German American Bancorp by 161.6% in the 1st quarter. AQR Capital Management LLC now owns 50,971 shares of the bank’s stock valued at $1,911,000 after buying an additional 31,486 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of German American Bancorp by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock valued at $635,000 after acquiring an additional 711 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in German American Bancorp by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank’s stock worth $2,076,000 after acquiring an additional 4,907 shares during the period. State of New Jersey Common Pension Fund D increased its position in German American Bancorp by 1.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 49,564 shares of the bank’s stock worth $1,909,000 after acquiring an additional 589 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in German American Bancorp in the 2nd quarter worth about $211,000. 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.