Shares of German American Bancorp Inc. (NASDAQ:GABC) hit a new 52-week high during trading on Friday . The stock traded as high as $34.99 and last traded at $34.85, with a volume of 13,090 shares trading hands. The stock had previously closed at $34.33.

Separately, Zacks Investment Research raised shares of German American Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Monday, August 1st.

The company’s 50 day moving average is $33.06 and its 200 day moving average is $32.21. The stock has a market cap of $531.25 million and a P/E ratio of 15.97.

German American Bancorp (NASDAQ:GABC) last released its earnings results on Monday, July 25th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. On average, analysts predict that German American Bancorp Inc. will post $2.39 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 20th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.72 annualized dividend and a dividend yield of 2.07%.

German American Bancorp, Inc is a bank holding company. The Company’s operating segments include core banking, trust and investment advisory services, and insurance operations. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the Company’s local markets.

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