German American Bancorp., Inc. (NASDAQ:GABC) declared a quarterly dividend on Monday, October 28th, Zacks reports. Investors of record on Sunday, November 10th will be paid a dividend of 0.17 per share by the bank on Wednesday, November 20th. This represents a $0.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Thursday, November 7th.
NASDAQ GABC traded up $0.14 during mid-day trading on Tuesday, reaching $33.78. The stock had a trading volume of 1,100 shares, compared to its average volume of 41,819. German American Bancorp. has a 1 year low of $26.20 and a 1 year high of $33.74. The stock has a market cap of $888.34 million, a PE ratio of 15.84 and a beta of 0.84. The company has a fifty day moving average price of $32.26 and a 200 day moving average price of $30.49. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.90 and a quick ratio of 0.90.
GABC has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of German American Bancorp. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Zacks Investment Research lowered shares of German American Bancorp. from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Finally, Hovde Group lowered shares of German American Bancorp. from an “outperform” rating to a “market perform” rating and set a $34.00 price objective for the company. in a report on Monday, August 5th.
German American Bancorp, Inc operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The company operates through three segments: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. The Core Banking segment accepts various 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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