German American Bancorp (NASDAQ:GABC) Reaches New 12-Month High – Still a Buy?
by Mitch Edgeman · The Markets DailyShares of German American Bancorp, Inc. (NASDAQ:GABC – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $46.39 and last traded at $45.97, with a volume of 133577 shares traded. The stock had previously closed at $45.91.
Wall Street Analysts Forecast Growth
GABC has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of German American Bancorp in a research note on Monday, June 1st. Piper Sandler raised German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price objective for the company in a report on Friday, March 20th. Stephens raised their target price on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. 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 given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.67.
Read Our Latest Stock Report on GABC
German American Bancorp Stock Down 0.9%
The stock’s 50 day moving average is $43.52 and its 200 day moving average is $41.91. The company has a market capitalization of $1.71 billion, a PE ratio of 12.63 and a beta of 0.59. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86.
German American Bancorp (NASDAQ:GABC – Get Free Report) last released its quarterly earnings data on Monday, April 27th. The bank reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.02). The business 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%. On average, sell-side analysts anticipate that German American Bancorp, Inc. will post 3.71 EPS for the current fiscal year.
German American Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Sunday, May 10th were given a $0.31 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.7%. German American Bancorp’s payout ratio is 34.35%.
Institutional Trading of German American Bancorp
A number of institutional investors have recently added to or reduced their stakes in GABC. German American Bancorp Inc. grew its holdings 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 valued at $37,389,000 after buying an additional 356,382 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of German American Bancorp in the fourth quarter worth about $4,983,000. FJ Capital Management LLC boosted its position in shares of 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 acquiring an additional 106,663 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of German American Bancorp by 155.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 173,231 shares of the bank’s stock valued at $6,787,000 after acquiring an additional 105,474 shares during the period. Finally, Two Sigma Investments LP grew its stake in 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 valued at $3,992,000 after acquiring an additional 95,892 shares in the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.
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.