German American Bancorp (NASDAQ:GABC) Stock Crosses Above 200-Day Moving Average of $37.06

German American Bancorp, Inc. (NASDAQ:GABCGet Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.06 and traded as high as $39.99. German American Bancorp shares last traded at $39.51, with a volume of 28,002 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on German American Bancorp in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.

German American Bancorp Price Performance

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $38.09 and a 200-day simple moving average of $37.06. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 14.74 and a beta of 0.70.

German American Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, November 20th. Stockholders of record on Thursday, November 10th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Wednesday, November 9th. German American Bancorp’s payout ratio is 34.33%.

Institutional Trading of German American Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Glenview Trust Co acquired a new stake in shares of German American Bancorp during the 1st quarter worth approximately $628,000. Aptus Capital Advisors LLC raised its position in shares of German American Bancorp by 6.8% during the 1st quarter. Aptus Capital Advisors LLC now owns 61,878 shares of the bank’s stock worth $2,351,000 after purchasing an additional 3,945 shares during the period. Total Clarity Wealth Management Inc. acquired a new stake in shares of German American Bancorp during the 2nd quarter worth approximately $159,000. Amalgamated Bank acquired a new stake in shares of German American Bancorp during the 1st quarter worth approximately $113,000. Finally, Boston Trust Walden Corp grew its holdings in German American Bancorp by 0.6% in the 2nd quarter. Boston Trust Walden Corp now owns 217,904 shares of the bank’s stock worth $7,448,000 after buying an additional 1,354 shares in the last quarter. 40.71% of the stock is currently owned by institutional investors and hedge funds.

German American Bancorp Company Profile

(Get Rating)

German American Bancorp, Inc operates as a bank 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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