German American Bancorp (NASDAQ:GABC) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

German American Bancorp, Inc. (NASDAQ:GABC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.13 and traded as high as $45.70. German American Bancorp shares last traded at $45.32, with a volume of 152,046 shares trading hands.

Wall Street Analysts Forecast Growth

GABC has been the topic of a number of analyst reports. Wall Street Zen raised German American Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Keefe, Bruyette & Woods lifted their price objective 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. 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 research report on Friday, March 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of German American Bancorp in a research report on Monday, June 1st. Finally, Stephens increased their target price on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Three 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, German American Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $47.67.

German American Bancorp Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 12.55 and a beta of 0.59. The business has a fifty day moving average price of $43.74 and a 200 day moving average price of $42.13.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings data on Monday, April 27th. The bank reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.02). German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%. The business had revenue of $97.43 million during the quarter, compared to analyst estimates of $95.84 million. As a group, research analysts anticipate that German American Bancorp, Inc. will post 3.71 earnings per share for the current year.

German American Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Sunday, May 10th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.7%. German American Bancorp’s dividend payout ratio is 34.35%.

Institutional Investors Weigh In On German American Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. German American Bancorp Inc. increased its position in German American Bancorp by 59.6% during the 4th quarter. German American Bancorp Inc. now owns 954,287 shares of the bank’s stock worth $37,389,000 after purchasing an additional 356,382 shares in the last quarter. SG Americas Securities LLC acquired a new stake in German American Bancorp in the fourth quarter valued at approximately $4,983,000. FJ Capital Management LLC boosted its position in German American Bancorp by 1,802.7% in the third quarter. FJ Capital Management LLC now owns 112,580 shares of the bank’s stock valued at $4,421,000 after buying an additional 106,663 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of German American Bancorp by 155.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 173,231 shares of the bank’s stock worth $6,787,000 after buying an additional 105,474 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of German American Bancorp by 1,660.8% during the third quarter. Two Sigma Investments LP now owns 101,666 shares of the bank’s stock worth $3,992,000 after buying an additional 95,892 shares during the last quarter. 46.90% of the stock is owned by institutional investors.

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.