German American Bancorp, Inc. $GABC Position Increased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its German American Bancorp stake by 2.7% in the first quarter, bringing its holdings to 1.22 million shares valued at approximately $51 million. Institutional investors collectively own 46.9% of the company.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $53.33 target price. Piper Sandler raised its target to $60, while Keefe, Bruyette & Woods increased its target to $51.
• German American Bancorp exceeded quarterly expectations, reporting $1.02 in earnings per share versus a $0.92 estimate and $101.34 million in revenue. The bank also declared a quarterly dividend of $0.31 per share, equivalent to a 2.4% annual yield.

Dimensional Fund Advisors LP grew its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,219,958 shares of the bank's stock after purchasing an additional 31,627 shares during the period. Dimensional Fund Advisors LP owned 3.25% of German American Bancorp worth $50,982,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of German American Bancorp by 161.6% in the 1st quarter. AQR Capital Management LLC now owns 50,971 shares of the bank's stock valued at $1,911,000 after buying an additional 31,486 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 acquiring an additional 711 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in German American Bancorp by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank's stock worth $2,076,000 after acquiring an additional 4,907 shares during the period. New York State Common Retirement Fund lifted its holdings in German American Bancorp by 26.0% in the second quarter. New York State Common Retirement Fund now owns 12,587 shares of the bank's stock worth $485,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in German American Bancorp by 6.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 23,630 shares of the bank's stock worth $910,000 after acquiring an additional 1,442 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on GABC. Keefe, Bruyette & Woods upped 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. Raymond James Financial assumed coverage on German American Bancorp in a report on Wednesday, July 8th. They issued a "hold" rating on the stock. Weiss Ratings upgraded German American Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Monday, July 13th. Wall Street Zen upgraded German American Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $60.00 target price (up from $51.00) on shares of German American Bancorp in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $53.33.

German American Bancorp Price Performance

NASDAQ GABC opened at $50.88 on Monday. The company has a 50-day moving average price of $46.51 and a two-hundred day moving average price of $43.75. German American Bancorp, Inc. has a 52 week low of $36.56 and a 52 week high of $52.23. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 13.42 and a beta of 0.59. 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 (NASDAQ:GABC - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.10. The company had revenue of $101.34 million for the quarter, compared to analysts' expectations of $99.22 million. German American Bancorp had a return on equity of 12.30% and a net margin of 28.25%. Analysts forecast that German American Bancorp, Inc. will post 3.82 EPS for the current year.

German American Bancorp Announces Dividend

The firm 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 annualized dividend and a yield of 2.4%. German American Bancorp's payout ratio is presently 32.72%.

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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