German American Bancorp (NASDAQ:GABC) Shares Pass Above 200-Day Moving Average – Time to Sell?

German American Bancorp, Inc. (NASDAQ:GABC)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $41.43 and traded as high as $44.01. German American Bancorp shares last traded at $43.85, with a volume of 109,813 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GABC shares. Piper Sandler upgraded German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 target price for the company in a report on Friday, March 20th. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Keefe, Bruyette & Woods upped their target price on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Finally, Stephens upped their target price on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.67.

German American Bancorp Trading Up 1.3%

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $42.67 and a 200-day simple moving average of $41.43. The company has a market capitalization of $1.65 billion, a PE ratio of 12.15 and a beta of 0.60.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, April 27th. The bank reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.02). The company had revenue of $97.43 million during the quarter, compared to analysts’ expectations of $95.84 million. German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%. Analysts predict that German American Bancorp, Inc. will post 3.71 EPS for the current year.

German American Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Sunday, May 10th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, May 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.8%. German American Bancorp’s dividend payout ratio is currently 34.35%.

Hedge Funds Weigh In On German American Bancorp

A number of hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. grew its holdings in shares of German American Bancorp by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,370 shares of the bank’s stock worth $525,000 after purchasing an additional 371 shares during the period. ProShare Advisors LLC grew its holdings in shares of German American Bancorp by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 6,629 shares of the bank’s stock worth $260,000 after purchasing an additional 426 shares during the period. Pettinga Financial Advisors LLC grew its holdings in shares of German American Bancorp by 4.4% during the 4th quarter. Pettinga Financial Advisors LLC now owns 11,613 shares of the bank’s stock worth $455,000 after purchasing an additional 492 shares during the period. AlphaQuest LLC grew its holdings in shares of German American Bancorp by 8.7% during the 3rd quarter. AlphaQuest LLC now owns 8,043 shares of the bank’s stock worth $316,000 after purchasing an additional 646 shares during the period. Finally, Glenview Trust Co grew its holdings in shares of German American Bancorp by 10.1% during the 4th quarter. Glenview Trust Co now owns 7,633 shares of the bank’s stock worth $299,000 after purchasing an additional 700 shares during the period. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

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.