German American Bancorp Inc. (GABC) Sets New 12-Month High at $35.85
Shares of German American Bancorp Inc. (NASDAQ:GABC) hit a new 52-week high during trading on Tuesday . The stock traded as high as $35.85 and last traded at $35.50, with a volume of 10,452 shares trading hands. The stock had previously closed at $35.49.
Separately, Zacks Investment Research upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th.
The company has a market capitalization of $541.78 million and a P/E ratio of 16.29. The firm’s 50-day moving average is $34.16 and its 200-day moving average is $32.59.
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. Equities analysts predict that German American Bancorp Inc. will post $2.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Saturday, August 20th. Shareholders of record on Wednesday, August 10th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was 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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