German American Bancorp (NASDAQ:GABC) Reaches New 52-Week High – Time to Buy?

German American Bancorp, Inc. (NASDAQ:GABC)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $46.39 and last traded at $46.2750, with a volume of 33933 shares changing hands. The stock had previously closed at $45.91.

Analysts Set New Price Targets

GABC has been the subject of several research reports. Piper Sandler raised shares of German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price objective for the company in a research report on Friday, March 20th. Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of German American Bancorp in a report on Monday, June 1st. Keefe, Bruyette & Woods lifted 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. Finally, Stephens boosted their price target 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, German American Bancorp presently has an average rating of “Moderate Buy” and an average price target of $47.67.

German American Bancorp Stock Up 0.6%

The company has a market capitalization of $1.76 billion, a P/E ratio of 12.97 and a beta of 0.59. The firm’s 50 day moving average price is $43.89 and its two-hundred day moving average price is $42.27. 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 posted its quarterly earnings data on Monday, April 27th. The bank reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Equities research analysts forecast that German American Bancorp, Inc. will post 3.71 EPS for the current year.

German American Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Sunday, May 10th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, May 8th. German American Bancorp’s payout ratio is presently 34.35%.

Hedge Funds Weigh In On German American Bancorp

Large investors have recently modified their holdings of the business. Parallel Advisors LLC increased its position in shares of German American Bancorp by 220.7% in the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock valued at $56,000 after acquiring an additional 927 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in German American Bancorp during the third quarter valued at approximately $72,000. MAI Capital Management boosted its position in German American Bancorp by 2,605.9% during the third quarter. MAI Capital Management now owns 2,300 shares of the bank’s stock valued at $90,000 after purchasing an additional 2,215 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in German American Bancorp by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock valued at $109,000 after purchasing an additional 2,132 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in German American Bancorp in the fourth quarter valued at approximately $130,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

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.