German American Bancorp (NASDAQ:GABC) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

German American Bancorp, Inc. (NASDAQ:GABC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.03 and traded as high as $44.53. German American Bancorp shares last traded at $44.10, with a volume of 113,066 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GABC shares. Weiss Ratings reissued a “buy (b-)” rating on shares of German American Bancorp in a report on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on German American Bancorp from $45.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Finally, Piper Sandler increased their price target on German American Bancorp from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, German American Bancorp has a consensus rating of “Hold” and an average target price of $46.50.

German American Bancorp Trading Down 0.6%

The stock has a market capitalization of $1.65 billion, a P/E ratio of 14.55 and a beta of 0.67. The business has a 50 day simple moving average of $40.75 and a 200-day simple moving average of $40.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, January 26th. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. German American Bancorp had a return on equity of 12.02% and a net margin of 23.11%.The business had revenue of $95.99 million during the quarter, compared to analyst estimates of $94.67 million. On average, analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 10th. This is a positive change from German American Bancorp’s previous quarterly dividend of $0.29. German American Bancorp’s dividend payout ratio is currently 38.28%.

Hedge Funds Weigh In On German American Bancorp

Several large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in shares of German American Bancorp in the 3rd quarter worth approximately $58,000. Indiana Trust & Investment Management Co bought a new stake in German American Bancorp during the third quarter worth approximately $68,000. Quadrant Capital Group LLC acquired a new position in German American Bancorp in the third quarter worth approximately $72,000. MAI Capital Management grew its position in German American Bancorp by 2,605.9% in the third quarter. MAI Capital Management now owns 2,300 shares of the bank’s stock worth $90,000 after buying an additional 2,215 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of German American Bancorp by 4,548.3% in the second quarter. Allworth Financial LP now owns 2,696 shares of the bank’s stock valued at $104,000 after buying an additional 2,638 shares in the last quarter. Institutional investors own 46.90% of the company’s stock.

About German American Bancorp

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.