German American Bancorp Inc. (GABC) Sets New 12-Month High at $34.99
German American Bancorp Inc. (NASDAQ:GABC)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $34.99 and last traded at $34.85, with a volume of 13,090 shares traded. The stock had previously closed at $34.33.
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 firm has a market cap of $531.25 million and a PE ratio of 15.97. The firm has a 50 day moving average price of $33.00 and a 200-day moving average price of $32.19.
German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, July 25th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. On average, equities research 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend 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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