Deutsche Bank AG Makes New Investment in German American Bancorp, Inc. $GABC

Key Points

• Deutsche Bank initiated a position in German American Bancorp during the second quarter, purchasing 38,661 shares worth approximately $1.84 million. Institutional investors collectively own 46.9% of the company.
• Analysts maintain a generally favorable outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $53.33; Piper Sandler raised its target to $60.
• German American Bancorp reported quarterly EPS of $1.02, beating estimates of $0.92, and pays a quarterly dividend of $0.31, equivalent to an annualized yield of about 2.5%.

Deutsche Bank AG bought a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,661 shares of the bank's stock, valued at approximately $1,835,000. Deutsche Bank AG owned approximately 0.10% of German American Bancorp at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its position in 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 period. ProShare Advisors LLC lifted its stake in shares of German American Bancorp by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,629 shares of the bank's stock worth $260,000 after buying an additional 426 shares during the last quarter. Pettinga Financial Advisors LLC boosted its holdings in shares of German American Bancorp by 4.4% during the 4th quarter. Pettinga Financial Advisors LLC now owns 11,613 shares of the bank's stock worth $455,000 after buying an additional 492 shares during the period. Glenview Trust Co grew its stake in German American Bancorp by 10.1% in the 4th quarter. Glenview Trust Co now owns 7,633 shares of the bank's stock valued at $299,000 after buying an additional 700 shares during the last quarter. Finally, Diversified Trust Co grew its stake in German American Bancorp by 4.3% in the 1st quarter. Diversified Trust Co now owns 17,164 shares of the bank's stock valued at $717,000 after buying an additional 700 shares during the last quarter. Institutional investors own 46.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GABC shares. Raymond James Financial initiated coverage on German American Bancorp in a research report on Wednesday, July 8th. They issued a "hold" rating on the stock. Keefe, Bruyette & Woods raised their target price on German American Bancorp from $47.00 to $51.00 and gave the company a "market perform" rating in a report on Thursday, July 30th. Weiss Ratings raised German American Bancorp from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, August 13th. Wall Street Zen upgraded German American Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Piper Sandler restated an "overweight" rating and issued a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $53.33.

German American Bancorp Price Performance

Shares of GABC stock opened at $49.92 on Friday. The stock has a 50 day moving average of $48.94 and a two-hundred day moving average of $44.97. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. German American Bancorp, Inc. has a 12 month low of $37.19 and a 12 month high of $52.23. The company has a market capitalization of $1.88 billion, a P/E ratio of 13.17 and a beta of 0.58.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its earnings results on Monday, July 27th. The bank reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.10. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%.The business had revenue of $98.02 million during the quarter, compared to analyst estimates of $99.22 million. As a group, equities analysts expect that German American Bancorp, Inc. will post 3.86 EPS for the current year.

German American Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.24 dividend on an annualized basis and a yield of 2.5%. German American Bancorp's payout ratio is presently 32.72%.

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.

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