German American Bancorp traded at $48.43 this Friday July 24th, increasing $0.77 or 1.62 percent since the previous trading session. Looking back, over the last four weeks, German American Bancorp gained 3.46 percent. Over the last 12 months, its price rose by 21.32 percent. Looking ahead, we forecast German American Bancorp to be priced at 47.41 by the end of this quarter and at 44.47 in one year, according to Trading Economics global macro models projections and analysts expectations.
German American Bancorp, Inc. is a financial holding company. The Company through its banking subsidiary German American Bank, operates approximately 68 banking offices in 19 contiguous southern Indiana counties and eight counties in Kentucky. Its segments are core banking, trust and investment advisory services, and insurance operations. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in its local markets. The core banking segment also involves the sale of residential mortgage loans in the secondary market. The wealth management segment involves providing trust, investment advisory, brokerage and retirement planning services to customers. The insurance segment offers a range of personal and corporate property and casualty insurance products, mainly in the Company’s banking subsidiary’s local markets.