German American Bancorp Inc. (GABC) is one of the best performing stocks in the financial sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of GABC have climbed 4.19% about 30 minutes into the session to $40.12 after closing the day prior at $38.5. It’s early, but the stock has traded as high as $40.12 and as low as $38.57 so far. Today’s quick advance has come with about 467 shares changing hands, compared to an average 30-day volume of 24,281 for German American Bancorp Inc.. The price is currently below the 30-day volume weighted average price of $38.9 for GABC.
The share appreciation gives the company a market capitalization of $587.43 million based upon 15.26 million shares outstanding. It also means that GABC has a price-to-book ratio of 1.77:1 and a price-to-earnings ratio of 17.7:1.
In the past 52 weeks, shares of GABC have traded as low as $28.4 and as high as $38.985. Technical traders will take note that at $40.12, shares of GABC are trading above their 200-day MA at $32.65 and above their 50-day MA at $35.26. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is GABC?
German American Bancorp is a financial services holding company. The Company through its subsidiaries provides retail and commercial banking services. It also owns a trust, brokerage and financial planning subsidiary and casualty insurance agency. The company’s 596 employees are led by CEO Mark A. Schroeder from the corporate headquarters at 711 Main Street.
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