German American Bancorp, Inc. $GABC Position Increased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 15.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 109,249 shares of the bank’s stock after buying an additional 14,500 shares during the quarter. Renaissance Technologies LLC owned 0.29% of German American Bancorp worth $4,566,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in shares of German American Bancorp by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,370 shares of the bank’s stock worth $525,000 after acquiring an additional 371 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of German American Bancorp by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,629 shares of the bank’s stock worth $260,000 after acquiring an additional 426 shares during the last quarter. Pettinga Financial Advisors LLC raised its position in shares of German American Bancorp by 4.4% during the fourth quarter. Pettinga Financial Advisors LLC now owns 11,613 shares of the bank’s stock worth $455,000 after purchasing an additional 492 shares during the period. Glenview Trust Co raised its position in shares of German American Bancorp by 10.1% during the fourth quarter. Glenview Trust Co now owns 7,633 shares of the bank’s stock worth $299,000 after purchasing an additional 700 shares during the period. Finally, Diversified Trust Co lifted its holdings in shares of German American Bancorp by 4.3% during the first quarter. Diversified Trust Co now owns 17,164 shares of the bank’s stock valued at $717,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Performance

Shares of GABC stock opened at $50.79 on Friday. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.40 and a beta of 0.58. German American Bancorp, Inc. has a 1-year low of $37.19 and a 1-year high of $52.23. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $47.11 and its 200-day simple moving average is $44.06.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, July 27th. The bank reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.10. The firm had revenue of $98.02 million during the quarter, compared to the consensus estimate of $99.22 million. German American Bancorp had a return on equity of 12.30% and a net margin of 28.25%. On average, sell-side analysts predict that German American Bancorp, Inc. will post 3.86 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.4%. German American Bancorp’s dividend payout ratio (DPR) is 32.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GABC shares. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Stephens upped their price objective on shares of German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price (up from $51.00) on shares of German American Bancorp in a report on Thursday, July 30th. Raymond James Financial began coverage on shares of German American Bancorp in a research report on Wednesday, July 8th. They issued a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on shares of German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, German American Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.

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.