German American Bancorp (NASDAQ:GABC) Hits New 12-Month High – Here’s Why

German American Bancorp, Inc. (NASDAQ:GABC)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $46.39 and last traded at $45.97, with a volume of 133577 shares traded. The stock had previously closed at $45.91.

Analyst Ratings Changes

A number of research firms recently commented on GABC. Weiss Ratings reiterated a “buy (b)” rating on shares of German American Bancorp in a research report on Monday, June 1st. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Stephens boosted their target price on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Piper Sandler upgraded German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 target price on the stock in a research report on Friday, March 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.67.

German American Bancorp Stock Up 0.9%

The company has a 50 day simple moving average of $43.62 and a two-hundred day simple moving average of $41.98. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.70 billion, a P/E ratio of 12.57 and a beta of 0.59.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, April 27th. The bank reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.02). German American Bancorp had a return on equity of 11.98% and a net margin of 27.09%.The company had revenue of $97.43 million for the quarter, compared to the consensus estimate of $95.84 million. As a group, equities analysts predict that German American Bancorp, Inc. will post 3.71 EPS for the current year.

German American Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Sunday, May 10th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. German American Bancorp’s payout ratio is presently 34.35%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Deprince Race & Zollo Inc. grew its stake in shares of German American Bancorp by 25.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 202,901 shares of the bank’s stock valued at $7,950,000 after buying an additional 41,247 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of German American Bancorp during the fourth quarter valued at approximately $4,983,000. Aptus Capital Advisors LLC grew its stake in shares of German American Bancorp by 15.2% during the third quarter. Aptus Capital Advisors LLC now owns 268,421 shares of the bank’s stock valued at $10,541,000 after buying an additional 35,446 shares during the last quarter. Royce & Associates LP grew its stake in shares of German American Bancorp by 7.0% during the third quarter. Royce & Associates LP now owns 488,287 shares of the bank’s stock valued at $19,175,000 after buying an additional 31,821 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of German American Bancorp by 717.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,335 shares of the bank’s stock valued at $1,698,000 after buying an additional 38,032 shares during the last quarter. 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.