German American Bancorp (NASDAQ:GABC) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• German American Bancorp's stock price recently surpassed its 200-day moving average, reaching a high of $39.09.
• The company received multiple analyst upgrades, including a boost in target price from Piper Sandler to $44.00, with an average target price of $46.00 across the research reports.
• The firm announced a quarterly dividend of $0.29 per share, reflecting a 3.0% dividend yield with a payout ratio of 44.11%.

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.86 and traded as high as $39.09. German American Bancorp shares last traded at $38.77, with a volume of 60,878 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GABC shares. Wall Street Zen upgraded shares of German American Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Piper Sandler boosted their target price on shares of German American Bancorp from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, Weiss Ratings raised shares of German American Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $46.00.

German American Bancorp Stock Performance

The stock's 50 day moving average price is $40.10 and its 200 day moving average price is $38.86. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 14.74 and a beta of 0.62.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The bank reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. German American Bancorp had a net margin of 20.84% and a return on equity of 11.59%. The company had revenue of $91.16 million during the quarter, compared to the consensus estimate of $91.93 million. On average, analysts expect that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Sunday, August 10th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.0%. German American Bancorp's dividend payout ratio is currently 44.11%.

Insider Activity

In other news, Director Diane B. Medley bought 882 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of $37.95 per share, for a total transaction of $33,471.90. Following the acquisition, the director owned 6,252 shares of the company's stock, valued at $237,263.40. This trade represents a 16.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders bought 3,352 shares of company stock worth $133,482. 6.16% of the stock is currently owned by insiders.

Institutional Trading of German American Bancorp

Institutional investors have recently modified their holdings of the company. Silver Oak Securities Incorporated purchased a new stake in shares of German American Bancorp during the 1st quarter worth about $28,000. SouthState Corp purchased a new stake in shares of German American Bancorp during the 1st quarter worth about $28,000. KBC Group NV purchased a new stake in shares of German American Bancorp during the 1st quarter worth about $55,000. GAMMA Investing LLC grew its holdings in shares of German American Bancorp by 2,933.8% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the bank's stock worth $77,000 after purchasing an additional 1,995 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of German American Bancorp by 4,548.3% during the 2nd quarter. Allworth Financial LP now owns 2,696 shares of the bank's stock worth $104,000 after purchasing an additional 2,638 shares during the period. Hedge funds and other institutional investors own 46.90% of the company's stock.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.

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