German American Bancorp Inc. (GABC) Sets New 1-Year High at $36.12
German American Bancorp Inc. (NASDAQ:GABC) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $36.12 and last traded at $36.06, with a volume of 12,677 shares changing hands. The stock had previously closed at $35.49.
GABC has been the topic of a number of research reports. Zacks Investment Research upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. Sandler O’Neill initiated coverage on German American Bancorp in a research note on Thursday, August 25th. They set a “hold” rating on the stock.
The firm has a 50 day moving average price of $34.46 and a 200-day moving average price of $32.72. The company has a market capitalization of $563.44 million and a P/E ratio of 16.94.
German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. Equities analysts predict that German American Bancorp Inc. will post $2.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 20th. Shareholders of record on Wednesday, August 10th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend 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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