German American Bancorp (NASDAQ:GABC) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of German American Bancorp, Inc. (NASDAQ:GABC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $44.45 and traded as high as $51.53. German American Bancorp shares last traded at $51.38, with a volume of 149,561 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GABC. Stephens upped their target price on shares of German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Piper Sandler reiterated an “overweight” rating and set a $60.00 price target (up from $51.00) on shares of German American Bancorp in a research report on Thursday, July 30th. Weiss Ratings raised shares of German American Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, German American Bancorp has an average rating of “Moderate Buy” and an average price target of $53.33.

German American Bancorp Stock Up 0.5%

The business has a fifty day moving average of $47.96 and a 200 day moving average of $44.45. The firm has a market cap of $1.93 billion, a P/E ratio of 13.56 and a beta of 0.58. The company has a quick ratio of 0.86, a current 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, July 27th. The bank reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.10. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%.The firm had revenue of $98.02 million for the quarter, compared to analyst estimates of $99.22 million. On average, equities research analysts predict that German American Bancorp, Inc. will post 3.86 EPS for the current year.

German American Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.4%. German American Bancorp’s dividend payout ratio is 32.72%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Glenview Trust Co lifted its holdings in German American Bancorp by 394.8% during the first quarter. Glenview Trust Co now owns 37,770 shares of the bank’s stock worth $1,578,000 after acquiring an additional 30,137 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in German American Bancorp by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,219,958 shares of the bank’s stock valued at $50,982,000 after acquiring an additional 31,627 shares during the period. Sei Investments Co. increased its holdings in shares of German American Bancorp by 195.9% in the first quarter. Sei Investments Co. now owns 101,336 shares of the bank’s stock worth $4,235,000 after acquiring an additional 67,084 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of German American Bancorp by 717.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,335 shares of the bank’s stock worth $1,698,000 after acquiring an additional 38,032 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of German American Bancorp by 4.0% in the fourth quarter. Royce & Associates LP now owns 507,632 shares of the bank’s stock worth $19,889,000 after acquiring an additional 19,345 shares in the last quarter. Institutional investors own 46.90% of the company’s stock.

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.