German American Bancorp Inc [NASDAQ: GABC] plunged by -$0.1 during the normal trading session on while it closed the day at $37.90.
German American Bancorp Inc stock has also loss -4.12% of its value over the past 7 days. However, GABC stock has declined by -4.05% in the 3 months of the year. Over the past six months meanwhile, it has lost -16.06% and lost -5.77% year-on date.
The market cap for GABC stock reached $1.42 billion, with 37.48 million shares outstanding and 35.88 million shares in the current float. Compared to the average trading volume of 125.15K shares, GABC reached a trading volume of 129028 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about German American Bancorp Inc [GABC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GABC shares is $44.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GABC stock is a recommendation set at 2.17. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Hovde Group have made an estimate for German American Bancorp Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 30, 2024. While these analysts kept the previous recommendation, Stephens raised their target price to Overweight. The new note on the price target was released on October 15, 2024, representing the official price target for German American Bancorp Inc stock. Previously, the target price had yet another raise from $33 to $34, while Hovde Group kept a Market Perform rating on GABC stock.
The Average True Range (ATR) for German American Bancorp Inc is set at 1.03, with the Price to Sales ratio for GABC stock in the period of the last 12 months amounting to 3.74. The Price to Book ratio for the last quarter was 1.36. Price to Free Cash Flow for GABC in the course of the last twelve months was 14.61.
GABC stock trade performance evaluation
German American Bancorp Inc [GABC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.12. With this latest performance, GABC shares gained by 2.43% in over the last four-week period, additionally sinking by -16.06% over the last 6 months – not to mention a rise of 12.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GABC stock in for the last two-week period is set at 46.01, with the RSI for the last a single of trading hit 39.04, and the three-weeks RSI is set at 48.17 for German American Bancorp Inc [GABC]. The present Moving Average for the last 50 days of trading for this stock 37.54, while it was recorded at 38.76 for the last single week of trading, and 39.82 for the last 200 days.
German American Bancorp Inc [GABC]: An insightful look at the core fundamentals
German American Bancorp Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.25.
German American Bancorp Inc [GABC]: Institutional Ownership
There are presently around $50.27%, or 52.53%% of GABC stock, in the hands of institutional investors. The top three institutional holders of GABC stocks are: BLACKROCK INC. with ownership of 2.34 million shares, which is approximately 7.8861%. VANGUARD GROUP INC, holding 1.71 million shares of the stock with an approximate value of $$60.47 million in GABC stocks shares; and VANGUARD GROUP INC, currently with $$53.45 million in GABC stock with ownership which is approximately 5.0969%.
