German American Bancorp Inc’s recent filing unveils that its Director Bawel Zachary W acquired Company’s shares for reported $850.0 on Jan 22 ’25. In the deal valued at $39.04 per share,22 shares were bought. As a result of this transaction, Bawel Zachary W now holds 20,475 shares worth roughly $ 0.83 million.
Then, SHEIDLER JACK bought 23 shares, generating $900 in total proceeds. Upon buying the shares at $39.04, the Director now owns 63,751 shares.
Before that, SHEIDLER JACK bought 38 shares. German American Bancorp Inc shares valued at $1,700 were divested by the Director at a price of $44.38 per share. As a result of the transaction, SHEIDLER JACK now holds 63,727 shares, worth roughly $2.57 million.
Hovde Group upgraded its German American Bancorp Inc [GABC] rating to an Outperform from a a Market perform in a research note published on October 30, 2024; the price target was increased to $48 from $41. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid October with a ‘”an Overweight”‘ rating. Hovde Group also remained covering GABC and reiterated its “Market perform” recommendation on May 31, 2024. Raymond James revised its rating on January 05, 2024. It rated GABC as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of GABC
On Friday, German American Bancorp Inc [NASDAQ:GABC] saw its stock fall -0.49% to $40.33. German American Bancorp Inc shares have risen nearly 0.27% since the year began. Nevertheless, the stocks have risen 28.07% over the past one year. While a 52-week high of $47.08 was reached on 01/30/25, a 52-week low of $30.66 was recorded on 01/10/25. SMA at 50 days reached $41.16, while 200 days put it at $38.68.
Levels Of Support And Resistance For GABC Stock
The 24-hour chart illustrates a support level at 39.97, which if violated will result in even more drops to 39.62. On the upside, there is a resistance level at 40.82. A further resistance level may holdings at 41.32. The Relative Strength Index (RSI) on the 14-day chart is 47.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.43%. Stochastics %K at 32.69% indicates the stock is a holding.
How much short interest is there in German American Bancorp Inc?
A steep rise in short interest was recorded in German American Bancorp Inc stocks on 2025-01-31, growing by 74409.0 shares to a total of 1.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 1.65 million shares. There was a rise of 4.32%, which implies that there is a positive sentiment for the stock.
