German American Bancorp, Inc. $GABC Shares Sold by Susquehanna International Group LLP

Key Points

• Susquehanna International Group cut its German American Bancorp stake by 67.3% in the second quarter, selling 41,602 shares and retaining 20,211 shares worth approximately $959,000. Institutional investors and hedge funds collectively own 46.9% of the company.
• German American Bancorp reported quarterly EPS of $1.02, beating analyst expectations of $0.92, while revenue of $98.02 million fell slightly short of estimates. The stock recently traded at $49.92, near its 12-month high of $52.23.
• The company paid a quarterly dividend of $0.31, equivalent to an annualized $1.24 dividend and a 2.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $53.33.

Susquehanna International Group LLP decreased its holdings in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 67.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,211 shares of the bank's stock after selling 41,602 shares during the quarter. Susquehanna International Group LLP owned about 0.05% of German American Bancorp worth $959,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GABC. Ameriprise Financial Inc. boosted its holdings 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 buying an additional 371 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of German American Bancorp by 6.9% during 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 in the last quarter. Pettinga Financial Advisors LLC grew its holdings in shares of German American Bancorp by 4.4% in the 4th quarter. Pettinga Financial Advisors LLC now owns 11,613 shares of the bank's stock worth $455,000 after acquiring an additional 492 shares during the period. Glenview Trust Co grew its holdings in shares of German American Bancorp by 10.1% in the 4th quarter. Glenview Trust Co now owns 7,633 shares of the bank's stock worth $299,000 after acquiring an additional 700 shares during the period. Finally, Diversified Trust Co increased 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 purchasing an additional 700 shares in the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

German American Bancorp Price Performance

NASDAQ:GABC opened at $49.92 on Monday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 13.17 and a beta of 0.58. 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 company's 50-day moving average is $48.94 and its two-hundred day moving average is $44.97. German American Bancorp, Inc. has a 12-month low of $37.19 and a 12-month high of $52.23.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.10. The business had revenue of $98.02 million during the quarter, compared to the consensus estimate of $99.22 million. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. Research 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 disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were given 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 dividend yield of 2.5%. German American Bancorp's payout ratio is currently 32.72%.

Wall Street Analyst Weigh In

A number of analysts have commented on GABC shares. Keefe, Bruyette & Woods boosted their target price on German American Bancorp from $47.00 to $51.00 and gave the stock a "market perform" rating in a research report on Thursday, July 30th. Raymond James Financial assumed coverage on German American Bancorp in a research note on Wednesday, July 8th. They set a "hold" rating for the company. Piper Sandler reissued 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. Wall Street Zen upgraded shares of German American Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of German American Bancorp from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, August 13th. One 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $53.33.

German American Bancorp Company 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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