Deprince Race & Zollo Inc. Grows Stock Position in German American Bancorp, Inc. $GABC

Key Points

• Deprince Race & Zollo Inc. raised its stake in German American Bancorp by 25.5% in Q4, buying 41,247 shares to own 202,901 shares (≈0.54% of the company) worth $7.95 million.
• Analysts have grown more positive—Piper Sandler upgraded GABC to overweight with a $47 target, KBW lifted its target to $46, and the consensus price target is $46.50 (average rating: Moderate Buy).
• GABC beat Q4 estimates (EPS $0.96 vs. $0.90; revenue $97.85M vs. $94.67M) and raised its quarterly dividend to $0.31 (annualized $1.24, yield about 2.8%).

Deprince Race & Zollo Inc. lifted its stake in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 25.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,901 shares of the bank's stock after purchasing an additional 41,247 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.54% of German American Bancorp worth $7,950,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of German American Bancorp by 2.9% during the third quarter. Ameriprise Financial Inc. now owns 13,370 shares of the bank's stock worth $525,000 after purchasing an additional 371 shares during the last quarter. AlphaQuest LLC raised its stake in shares of German American Bancorp by 8.7% during the third quarter. AlphaQuest LLC now owns 8,043 shares of the bank's stock worth $316,000 after purchasing an additional 646 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of German American Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank's stock worth $635,000 after purchasing an additional 711 shares during the last quarter. Chatham Capital Group Inc. raised its stake in shares of German American Bancorp by 1.4% during the fourth quarter. Chatham Capital Group Inc. now owns 52,401 shares of the bank's stock worth $2,053,000 after purchasing an additional 720 shares during the last quarter. Finally, CWM LLC raised its stake in shares of German American Bancorp by 23.7% during the third quarter. CWM LLC now owns 4,040 shares of the bank's stock worth $159,000 after purchasing an additional 774 shares during the last quarter. Hedge funds and other institutional investors own 46.90% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on GABC. Piper Sandler upgraded 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. Weiss Ratings restated a "buy (b-)" rating on shares of German American Bancorp in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods upped their price target on German American Bancorp from $45.00 to $46.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, German American Bancorp has an average rating of "Moderate Buy" and a consensus price target of $46.50.

German American Bancorp Trading Down 0.6%

Shares of GABC stock opened at $43.80 on Tuesday. The business's fifty day moving average price is $42.11 and its 200 day moving average price is $40.55. German American Bancorp, Inc. has a 1-year low of $33.98 and a 1-year high of $45.00. The firm has a market capitalization of $1.64 billion, a PE ratio of 14.46 and a beta of 0.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.86 and a quick ratio of 0.86.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its quarterly earnings data on Monday, January 26th. The bank reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.06. German American Bancorp had a return on equity of 11.80% and a net margin of 23.11%.The firm had revenue of $97.85 million for the quarter, compared to analyst estimates of $94.67 million. As a group, sell-side analysts forecast that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were issued a dividend of $0.31 per share. This is a boost from German American Bancorp's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, February 10th. German American Bancorp's dividend payout ratio is currently 40.92%.

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.

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