German American Bancorp (NASDAQ:GABC) Hits New 12-Month High at $36.27

German American Bancorp, Inc. (NASDAQ:GABC) reached a new 52-week high on Thursday . The stock traded as high as $36.27 and last traded at $36.26, with a volume of 13488 shares traded. The stock had previously closed at $34.80.

Analysts Set New Price Targets

GABC has been the subject of several research analyst reports. StockNews.com upgraded German American Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Hovde Group increased their price objective on German American Bancorp from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, May 31st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $36.33.

German American Bancorp Stock Up 4.2 %

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.08 billion, a P/E ratio of 12.21 and a beta of 0.62. The company has a fifty day moving average of $32.95 and a 200 day moving average of $32.65.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, April 29th. The bank reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. German American Bancorp had a return on equity of 13.68% and a net margin of 25.83%. The company had revenue of $84.08 million during the quarter, compared to analyst estimates of $61.05 million. On average, research analysts anticipate that German American Bancorp, Inc. will post 2.5 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Friday, May 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, May 9th. German American Bancorp’s dividend payout ratio is presently 37.89%.

Institutional Trading of German American Bancorp

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in German American Bancorp by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,638,166 shares of the bank’s stock valued at $44,378,000 after purchasing an additional 6,828 shares during the period. Franklin Resources Inc. lifted its position in shares of German American Bancorp by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 1,305,881 shares of the bank’s stock valued at $42,324,000 after acquiring an additional 177,399 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of German American Bancorp by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,093,033 shares of the bank’s stock valued at $35,426,000 after acquiring an additional 30,050 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of German American Bancorp by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 227,390 shares of the bank’s stock valued at $7,370,000 after acquiring an additional 5,090 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new position in shares of German American Bancorp in the first quarter valued at about $6,828,000. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.