German American Bancorp (NASDAQ:GABC) Sets New 52-Week High – What’s Next?

German American Bancorp, Inc. (NASDAQ:GABC)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $42.90 and last traded at $42.90, with a volume of 15543 shares. The stock had previously closed at $42.07.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GABC shares. Keefe, Bruyette & Woods increased their price target on shares of German American Bancorp from $45.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday. Piper Sandler increased their price objective on shares of German American Bancorp from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of German American Bancorp in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.50.

German American Bancorp Price Performance

The firm has a market capitalization of $1.61 billion, a PE ratio of 14.18 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $40.25 and a 200 day moving average price of $39.89.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, January 26th. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. The company had revenue of $95.99 million during the quarter, compared to analyst estimates of $94.67 million. German American Bancorp had a net margin of 23.11% and a return on equity of 12.02%. Equities analysts forecast that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th will be paid a dividend of $0.31 per share. This is an increase from German American Bancorp’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, February 10th. German American Bancorp’s dividend payout ratio is presently 38.28%.

Institutional Investors Weigh In On German American Bancorp

Several institutional investors have recently bought and sold shares of GABC. AQR Capital Management LLC raised its holdings in shares of German American Bancorp by 161.6% during the first quarter. AQR Capital Management LLC now owns 50,971 shares of the bank’s stock valued at $1,911,000 after acquiring an additional 31,486 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in German American Bancorp by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock valued at $635,000 after purchasing an additional 711 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in German American Bancorp by 9.7% during the 1st 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. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of German American Bancorp by 41.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,106 shares of the bank’s stock worth $1,313,000 after buying an additional 9,921 shares in the last quarter. Finally, Johnson Investment Counsel Inc. purchased a new stake in shares of German American Bancorp during the second quarter worth $469,000. 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.