Vanguard Group Inc. Has $89.40 Million Stock Holdings in German American Bancorp, Inc. $GABC

Vanguard Group Inc. grew its stake in German American Bancorp, Inc. (NASDAQ:GABC) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,281,704 shares of the bank’s stock after buying an additional 90,203 shares during the period. Vanguard Group Inc. owned 0.06% of German American Bancorp worth $89,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its stake in shares of German American Bancorp by 2.9% in the third quarter. Ameriprise Financial Inc. now owns 13,370 shares of the bank’s stock valued at $525,000 after buying an additional 371 shares during the period. AlphaQuest LLC increased its stake in shares of German American Bancorp by 8.7% in the third quarter. AlphaQuest LLC now owns 8,043 shares of the bank’s stock valued at $316,000 after buying an additional 646 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of German American Bancorp by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock valued at $635,000 after buying an additional 711 shares during the period. Chatham Capital Group Inc. increased its stake in shares of German American Bancorp by 1.4% in the fourth quarter. Chatham Capital Group Inc. now owns 52,401 shares of the bank’s stock valued at $2,053,000 after buying an additional 720 shares during the period. Finally, CWM LLC increased its stake in shares of German American Bancorp by 23.7% in the third quarter. CWM LLC now owns 4,040 shares of the bank’s stock valued at $159,000 after buying an additional 774 shares during the period. Institutional investors and hedge funds own 46.90% of the company’s stock.

German American Bancorp Trading Down 0.8%

NASDAQ GABC opened at $42.21 on Thursday. The business has a 50 day simple moving average of $42.24 and a 200 day simple moving average of $41.20. German American Bancorp, Inc. has a one year low of $36.55 and a one year high of $45.00. The stock has a market capitalization of $1.59 billion, a P/E ratio of 11.69 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86.

German American Bancorp (NASDAQ:GABC) last released its earnings results on Monday, April 27th. The bank reported $0.88 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.02). German American Bancorp had a return on equity of 11.98% and a net margin of 27.09%.The business had revenue of $97.43 million for the quarter, compared to analyst estimates of $95.84 million. Research analysts expect that German American Bancorp, Inc. will post 3.71 earnings per share for the current year.

German American Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Sunday, May 10th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, May 8th. German American Bancorp’s dividend payout ratio (DPR) is 34.35%.

Wall Street Analyst Weigh In

GABC has been the subject of several recent research reports. Piper Sandler raised German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price target for the company in a research note on Friday, March 20th. Stephens raised their target price on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen cut German American Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Keefe, Bruyette & Woods raised their target price on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.67.

German American Bancorp Profile

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company’s core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.