German American Bancorp Inc. (GABC) Reaches New 1-Year High at $35.85
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. The stock had previously closed at $35.49.
Separately, Zacks Investment Research raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th.
The stock has a 50 day moving average price of $34.00 and a 200-day moving average price of $32.53. The firm has a market capitalization of $541.47 million and a price-to-earnings ratio of 16.28.
German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. On average, equities research analysts forecast that German American Bancorp Inc. will post $2.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, August 20th. Shareholders of record on Wednesday, August 10th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date 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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