German American Bancorp (NASDAQ:GABC) Stock Crosses Above 200-Day Moving Average – What’s Next?

German American Bancorp, Inc. (NASDAQ:GABC)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.13 and traded as high as $45.70. German American Bancorp shares last traded at $45.32, with a volume of 152,046 shares changing hands.

Wall Street Analyst Weigh In

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

German American Bancorp Stock Up 1.3%

The company’s 50-day moving average is $43.78 and its 200 day moving average is $42.17. The stock has a market capitalization of $1.75 billion, a PE ratio of 12.88 and a beta of 0.59. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14.

German American Bancorp (NASDAQ:GABC) last released its earnings results 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 analysts’ expectations of $95.84 million. As a group, analysts anticipate 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. Stockholders of record on Sunday, May 10th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, May 8th. German American Bancorp’s payout ratio is presently 34.35%.

Hedge Funds Weigh In On German American Bancorp

Several hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in German American Bancorp by 220.7% in the 1st quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after acquiring an additional 927 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in German American Bancorp during the 3rd quarter valued at about $72,000. MAI Capital Management grew its stake in German American Bancorp by 2,605.9% during the 3rd quarter. MAI Capital Management now owns 2,300 shares of the bank’s stock valued at $90,000 after purchasing an additional 2,215 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of German American Bancorp by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock valued at $109,000 after purchasing an additional 2,132 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of German American Bancorp in the fourth quarter valued at about $130,000. 46.90% of the stock is owned by institutional investors and hedge funds.

German American Bancorp Company Profile

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.