SG Americas Securities LLC Sells 52,351 Shares of German American Bancorp, Inc. $GABC

SG Americas Securities LLC trimmed its position in German American Bancorp, Inc. (NASDAQ:GABC) by 41.2% in the 1st quarter, HoldingsChannel reports. The fund owned 74,821 shares of the bank’s stock after selling 52,351 shares during the quarter. SG Americas Securities LLC’s holdings in German American Bancorp were worth $3,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GABC. Deprince Race & Zollo Inc. lifted its holdings in German American Bancorp by 25.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 202,901 shares of the bank’s stock valued at $7,950,000 after purchasing an additional 41,247 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in shares of German American Bancorp by 15.2% in the third quarter. Aptus Capital Advisors LLC now owns 268,421 shares of the bank’s stock worth $10,541,000 after purchasing an additional 35,446 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of German American Bancorp by 717.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,335 shares of the bank’s stock valued at $1,698,000 after purchasing an additional 38,032 shares during the period. Royce & Associates LP raised its position in shares of German American Bancorp by 4.0% during the 4th quarter. Royce & Associates LP now owns 507,632 shares of the bank’s stock valued at $19,889,000 after purchasing an additional 19,345 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of German American Bancorp by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 2,281,704 shares of the bank’s stock valued at $89,397,000 after buying an additional 90,203 shares in the last quarter. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Up 0.8%

GABC opened at $47.46 on Wednesday. The company has a market capitalization of $1.78 billion, a PE ratio of 13.15 and a beta of 0.59. The firm has a 50-day simple moving average of $44.12 and a two-hundred day simple moving average of $42.42. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.14. German American Bancorp, Inc. has a 52 week low of $36.56 and a 52 week high of $48.94.

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

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Sunday, May 10th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, May 8th. German American Bancorp’s dividend payout ratio (DPR) is currently 34.35%.

Analysts Set New Price Targets

Several research analysts recently weighed in on GABC shares. Keefe, Bruyette & Woods upped their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Piper Sandler upgraded German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price objective on the stock in a research report on Friday, March 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of German American Bancorp in a research note on Monday, June 1st. Finally, Stephens increased their target price on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $47.67.

About German American Bancorp

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.