German American Bancorp Inc. (GABC) Reaches New 1-Year High at $34.99
German American Bancorp Inc. (NASDAQ:GABC) reached a new 52-week high during trading on Monday . The stock traded as high as $34.99 and last traded at $34.91, with a volume of 15,462 shares changing hands. The stock had previously closed at $34.68.
Separately, Zacks Investment Research upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th.
The firm has a market capitalization of $532.62 million and a price-to-earnings ratio of 16.01. The company’s 50 day moving average is $33.44 and its 200-day moving average is $32.38.
German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, July 25th. The company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. Equities research analysts expect that German American Bancorp Inc. will post $2.39 earnings per share for the current 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 $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, August 8th.
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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