German American Bancorp (NASDAQ:GABC) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

German American Bancorp, Inc. (NASDAQ:GABC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $39.59 and traded as high as $41.65. German American Bancorp shares last traded at $41.46, with a volume of 118,920 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of German American Bancorp in a research note on Monday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, German American Bancorp currently has a consensus rating of “Hold” and a consensus target price of $45.50.

German American Bancorp Stock Performance

The stock has a 50 day simple moving average of $39.48 and a 200 day simple moving average of $39.61. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 14.23 and a beta of 0.67.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Wednesday, September 7th. The bank reported $0.81 earnings per share (EPS) for the quarter. German American Bancorp had a net margin of 22.19% and a return on equity of 11.85%. The company had revenue of $64.78 million during the quarter. As a group, analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Monday, November 10th were issued a dividend of $0.29 per share. The ex-dividend date was Monday, November 10th. This represents a $1.16 annualized dividend and a yield of 2.9%. German American Bancorp’s payout ratio is currently 40.56%.

Hedge Funds Weigh In On German American Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in GABC. Raymond James Financial Inc. bought a new position in shares of German American Bancorp during the first quarter worth about $19,336,000. Vanguard Group Inc. raised its stake in German American Bancorp by 20.4% during the first quarter. Vanguard Group Inc. now owns 2,106,784 shares of the bank’s stock valued at $79,004,000 after buying an additional 357,360 shares in the last quarter. Focus Partners Wealth acquired a new stake in German American Bancorp during the first quarter valued at approximately $5,987,000. Champlain Investment Partners LLC lifted its holdings in German American Bancorp by 11.6% during the 2nd quarter. Champlain Investment Partners LLC now owns 1,304,428 shares of the bank’s stock worth $50,234,000 after buying an additional 135,073 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of German American Bancorp by 14.1% in the 2nd quarter. Geode Capital Management LLC now owns 952,803 shares of the bank’s stock worth $36,697,000 after acquiring an additional 117,664 shares in the last quarter. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

About German American Bancorp

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company’s core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.