German American Bancorp (NASDAQ:GABC) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

German American Bancorp, Inc. (NASDAQ:GABC) shares crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $49.42 and traded as high as $50.49. German American Bancorp shares last traded at $50.23, with a volume of 154,831 shares.

Wall Street Analysts Forecast Growth

GABC has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their price target on shares of German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Raymond James Financial began coverage on shares of German American Bancorp in a research note on Wednesday, July 8th. They issued a “hold” rating for the company. Weiss Ratings raised German American Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

German American Bancorp Stock Performance

The firm has a 50 day moving average of $49.42 and a two-hundred day moving average of $45.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $1.89 billion, a PE ratio of 12.95 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, October 26th. The bank reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. German American Bancorp had a net margin of 28.78% and a return on equity of 12.33%. The company had revenue of $103.68 million for the quarter, compared to analyst estimates of $102.65 million. Research analysts predict that German American Bancorp, Inc. will post 3.94 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Tuesday, November 10th will be issued a $0.31 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $1.24 annualized dividend and a dividend yield of 2.5%. German American Bancorp’s dividend payout ratio is presently 31.96%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC increased its position in shares of German American Bancorp by 38.6% during the third quarter. Kestra Advisory Services LLC now owns 18,952 shares of the bank’s stock worth $916,000 after purchasing an additional 5,277 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of German American Bancorp in the 3rd quarter valued at about $1,732,000. USA Financial Formulas purchased a new stake in shares of German American Bancorp in the 3rd quarter valued at about $40,000. Sequoia Financial Advisors LLC acquired a new stake in shares of German American Bancorp in the 2nd quarter valued at about $593,000. Finally, Tidal Investments LLC acquired a new stake in shares of German American Bancorp in the 2nd quarter valued at about $624,000. 46.90% of the stock is owned by hedge funds and other institutional investors.

German American Bancorp Company Profile

German American Bancorp, Inc is a financial holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, the company provides banking, wealth management, and insurance services to individuals, families, farmers, and businesses.

German American Bank offers deposit accounts, residential and commercial real estate loans, agricultural financing, commercial loans, consumer loans, mortgage services, and other traditional banking products. Its wealth management operations provide trust administration, investment management, financial planning, and related services, while its insurance business offers personal and commercial insurance products.

Founded in 1910, German American Bancorp has built a community banking franchise serving southern Indiana and neighboring communities in Kentucky and Ohio.