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

German American Bancorp, Inc. (NASDAQ:GABC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $40.37 and traded as high as $41.47. German American Bancorp shares last traded at $41.19, with a volume of 174,100 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on GABC shares. Keefe, Bruyette & Woods raised their price objective on German American Bancorp from $45.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of German American Bancorp in a research report on Monday, December 29th. Two 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 MarketBeat, German American Bancorp has an average rating of “Moderate Buy” and an average price target of $46.50.

German American Bancorp Trading Down 0.8%

The stock has a market capitalization of $1.54 billion, a P/E ratio of 13.59 and a beta of 0.65. The stock’s 50 day moving average price is $41.73 and its 200-day moving average price is $40.37. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.16.

German American Bancorp (NASDAQ:GABC) last posted its earnings results on Monday, January 26th. The bank reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. German American Bancorp had a return on equity of 11.80% and a net margin of 23.11%.The company had revenue of $97.85 million during the quarter, compared to analyst estimates of $94.67 million. As a group, equities research analysts expect that German American Bancorp, Inc. will post 3.06 earnings per share for the current year.

German American Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were issued a $0.31 dividend. This is a boost from German American Bancorp’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, February 10th. German American Bancorp’s dividend payout ratio is presently 40.92%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of German American Bancorp by 161.6% during the 1st quarter. AQR Capital Management LLC now owns 50,971 shares of the bank’s stock worth $1,911,000 after acquiring an additional 31,486 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in German American Bancorp by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock worth $635,000 after purchasing an additional 711 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in German American Bancorp by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank’s stock worth $2,076,000 after purchasing an additional 4,907 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of German American Bancorp during the second quarter worth $211,000. Finally, Creative Planning increased its position in shares of German American Bancorp by 50.9% during the second quarter. Creative Planning now owns 24,622 shares of the bank’s stock worth $948,000 after purchasing an additional 8,303 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.