German American Bancorp, Inc. $GABC Shares Purchased by German American Bancorp Inc.

German American Bancorp Inc. raised its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 1.3% in the 1st quarter, Holdings Channel reports. The firm owned 966,872 shares of the bank’s stock after purchasing an additional 12,585 shares during the quarter. German American Bancorp comprises about 3.5% of German American Bancorp Inc.’s investment portfolio, making the stock its 9th biggest holding. German American Bancorp Inc.’s holdings in German American Bancorp were worth $40,406,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GABC. Deprince Race & Zollo Inc. raised its stake 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 worth $7,950,000 after acquiring an additional 41,247 shares during the period. SG Americas Securities LLC bought a new position in German American Bancorp in the fourth quarter worth about $4,983,000. Northwestern Mutual Wealth Management Co. boosted its stake in German American Bancorp by 717.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,335 shares of the bank’s stock valued at $1,698,000 after acquiring an additional 38,032 shares during the period. Royce & Associates LP boosted its stake in German American Bancorp by 4.0% in the fourth quarter. Royce & Associates LP now owns 507,632 shares of the bank’s stock valued at $19,889,000 after acquiring an additional 19,345 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of German American Bancorp by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 2,281,704 shares of the bank’s stock valued at $89,397,000 after purchasing an additional 90,203 shares during the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

German American Bancorp Trading Down 1.6%

German American Bancorp stock opened at $48.57 on Friday. German American Bancorp, Inc. has a 52-week low of $36.56 and a 52-week high of $49.39. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 13.45 and a beta of 0.59. The firm has a 50-day moving average price of $45.18 and a two-hundred day moving average price of $43.04.

German American Bancorp (NASDAQ:GABC) last announced its quarterly 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). The firm had revenue of $97.43 million during the quarter, compared to analyst estimates of $95.84 million. German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%. Sell-side analysts expect that German American Bancorp, Inc. will post 3.73 earnings per share for the current year.

German American Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Sunday, May 10th were given a $0.31 dividend. 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%.

Analyst Ratings Changes

A number of analysts have recently weighed in on GABC shares. Keefe, Bruyette & Woods increased their price target on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday. Stephens upped their price objective 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. Piper Sandler raised German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 target price on the stock in a research report on Friday, March 20th. Finally, Raymond James Financial initiated coverage on German American Bancorp in a research note on Wednesday, July 8th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.