German American Bancorp (NASDAQ:GABC) Shares Cross Above 200 Day Moving Average – What’s Next?

German American Bancorp, Inc. (NASDAQ:GABC)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $45.48 and traded as high as $50.51. German American Bancorp shares last traded at $49.91, with a volume of 166,419 shares traded.

Wall Street Analysts Forecast Growth

GABC has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings downgraded German American Bancorp from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, September 1st. Raymond James Financial began coverage on German American Bancorp in a research note on Wednesday, July 8th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods lifted their price objective on German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $60.00 target price (up from $51.00) on shares of German American Bancorp in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

German American Bancorp Trading Down 1.3%

The firm’s 50-day simple moving average is $49.55 and its 200 day simple moving average is $45.53. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.99 and a beta of 0.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.10. The company had revenue of $99.95 million for the quarter, compared to analyst estimates of $99.22 million. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%. Equities analysts expect that German American Bancorp, Inc. will post 3.86 earnings per share for the current year.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 10th. German American Bancorp’s dividend payout ratio is presently 32.72%.

Institutional Investors Weigh In On German American Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new stake in German American Bancorp in the second quarter valued at approximately $593,000. Tidal Investments LLC bought a new position in German American Bancorp during the 2nd quarter worth approximately $624,000. Susquehanna Fundamental Investments LLC raised its holdings in German American Bancorp by 22.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 22,409 shares of the bank’s stock worth $1,064,000 after purchasing an additional 4,035 shares during the last quarter. Field & Main Bank acquired a new stake in shares of German American Bancorp during the second quarter worth $142,000. Finally, Glenview Trust Co acquired a new stake in German American Bancorp during the 2nd quarter worth about $1,793,000. 46.90% of the stock is owned by institutional investors.

About German American Bancorp

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

Its banking activities include deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, business loans, treasury management and other financial services. The company also offers wealth management services, including investment management, trust administration and retirement planning, as well as insurance products through affiliated operations.

German American Bancorp traces its history to the founding of German American Bank in 1910.