German American Bancorp Inc. (GABC) Announces Quarterly Dividend of $0.16
German American Bancorp (NASDAQ:GABC) announced a quarterly dividend on Tuesday, January 28th, StockRatingsNetwork.com reports. Investors of record on Monday, February 10th will be paid a dividend of 0.16 per share on Thursday, February 20th. This represents a $0.64 annualized dividend and a dividend yield of 2.28%.
GABC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of German American Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $31.80 price target on the stock. On a related note, analysts at Raymond James upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, October 31st. Finally, analysts at DA Davidson upgraded shares of German American Bancorp from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, October 30th. They now have a $30.00 price target on the stock, up previously from $27.00.
Shares of German American Bancorp (NASDAQ:GABC) traded down 1.78% on Tuesday, hitting $28.10. The stock had a trading volume of 29,171 shares. German American Bancorp has a 52-week low of $19.90 and a 52-week high of $30.58. The stock has a 50-day moving average of $28.50 and a 200-day moving average of $26.6. The company has a market cap of $370.0 million and a price-to-earnings ratio of 14.52.
German American Bancorp, Inc is a financial services holding company. The principal subsidiary of the Company is its banking subsidiary, German American Bancorp (NASDAQ:GABC), which operates through 34 retail banking offices in 12 contiguous Southern Indiana counties.
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