German American Bancorp, Inc. (NASDAQ:GABC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $36.51 and last traded at $36.51, with a volume of 45,787 shares changing hands. The stock had previously closed at $36.00.

GABC has been the topic of several recent analyst reports. Zacks Investment Research raised German American Bancorp from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Wednesday, May 31st. BidaskClub raised German American Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, ValuEngine lowered German American Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. German American Bancorp has an average rating of “Hold” and a consensus price target of $38.00.

The firm has a market cap of $874.05 million, a PE ratio of 22.02 and a beta of 1.15. The stock’s 50-day moving average is $32.76 and its 200 day moving average is $32.49.

German American Bancorp (NASDAQ:GABC) last released its earnings results on Monday, July 31st. The bank reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $32.61 million during the quarter, compared to analysts’ expectations of $33.20 million. German American Bancorp had a return on equity of 11.60% and a net margin of 28.12%. On average, equities research analysts anticipate that German American Bancorp, Inc. will post $1.72 EPS for the current year.

In other news, Director Chris A. Ramsey bought 1,587 shares of the stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $31.55 per share, for a total transaction of $50,069.85. Following the purchase, the director now directly owns 16,140 shares in the company, valued at approximately $509,217. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Chris A. Ramsey bought 3,180 shares of the stock in a transaction dated Tuesday, September 5th. The stock was purchased at an average price of $32.35 per share, with a total value of $102,873.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 5,588 shares of company stock valued at $180,944. 8.51% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new position in shares of German American Bancorp in the 2nd quarter valued at approximately $221,000. California State Teachers Retirement System raised its stake in German American Bancorp by 34.4% during the second quarter. California State Teachers Retirement System now owns 37,599 shares of the bank’s stock valued at $1,282,000 after buying an additional 9,633 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in German American Bancorp by 54.0% during the second quarter. The Manufacturers Life Insurance Company now owns 252,169 shares of the bank’s stock valued at $8,596,000 after buying an additional 88,447 shares during the last quarter. State Street Corp raised its stake in German American Bancorp by 57.5% during the second quarter. State Street Corp now owns 398,868 shares of the bank’s stock valued at $13,597,000 after buying an additional 145,547 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in German American Bancorp by 50.9% during the second quarter. Royal Bank of Canada now owns 74,755 shares of the bank’s stock valued at $2,548,000 after buying an additional 25,229 shares during the last quarter. Institutional investors own 35.75% of the company’s stock.

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German American Bancorp Company Profile

German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.

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