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

German American Bancorp, Inc. (NASDAQ:GABC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.63 and traded as high as $43.92. German American Bancorp shares last traded at $43.71, with a volume of 194,239 shares trading hands.

Wall Street Analysts Forecast Growth

GABC has been the topic of several research analyst reports. Stephens boosted their price target on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Piper Sandler upgraded German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price target on the stock in a research note on Friday, March 20th. Keefe, Bruyette & Woods boosted their price target on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of German American Bancorp in a research note on Monday. Finally, Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, German American Bancorp has an average rating of “Moderate Buy” and a consensus target price of $47.67.

German American Bancorp Trading Up 2.4%

The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 12.11 and a beta of 0.59. The company has a fifty day moving average price of $43.10 and a 200-day moving average price of $41.63. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data 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 analyst estimates of $95.84 million. German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%. As a group, research analysts expect that German American Bancorp, Inc. will post 3.71 EPS for the current year.

German American Bancorp Announces Dividend

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

Hedge Funds Weigh In On German American Bancorp

A number of large investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in German American Bancorp by 220.7% in the 1st quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after purchasing an additional 927 shares during the period. Bank of America Corp DE raised its holdings in German American Bancorp by 23.4% in the 1st quarter. Bank of America Corp DE now owns 64,688 shares of the bank’s stock worth $2,703,000 after purchasing an additional 12,263 shares during the period. Quantinno Capital Management LP raised its holdings in German American Bancorp by 16.1% in the 1st quarter. Quantinno Capital Management LP now owns 12,483 shares of the bank’s stock worth $522,000 after purchasing an additional 1,728 shares during the period. Entropy Technologies LP acquired a new position in German American Bancorp in the 1st quarter worth about $258,000. Finally, Renaissance Technologies LLC raised its holdings in German American Bancorp by 15.3% in the 1st quarter. Renaissance Technologies LLC now owns 109,249 shares of the bank’s stock worth $4,566,000 after purchasing an additional 14,500 shares during the period. Institutional investors and hedge funds 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.