German American Bancorp Inc. Takes $45.15 Million Position in German American Bancorp, Inc. $GABC

Key Points

• German American Bancorp Inc. acquired 951,402 shares of German American Bancorp (GABC), valued at approximately $45.15 million. The position represented 3.4% of its portfolio and about 2.53% of GABC’s outstanding shares.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $53.33; Piper Sandler raised its target to $60.00.
• GABC exceeded quarterly earnings expectations, reporting $1.02 EPS versus the $0.92 consensus estimate, and declared a quarterly dividend of $0.31 per share, equivalent to a 2.4% annualized yield.

German American Bancorp Inc. purchased a new position in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 951,402 shares of the bank's stock, valued at approximately $45,154,000. German American Bancorp comprises 3.4% of German American Bancorp Inc.'s investment portfolio, making the stock its 6th largest position. German American Bancorp Inc. owned about 2.53% of German American Bancorp at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in German American Bancorp by 220.7% in the 1st quarter. Parallel Advisors LLC now owns 1,347 shares of the bank's stock valued at $56,000 after buying an additional 927 shares during the period. Quadrant Capital Group LLC bought a new stake in shares of German American Bancorp during the third quarter valued at approximately $72,000. Tower Research Capital LLC TRC grew its stake in German American Bancorp by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank's stock worth $109,000 after purchasing an additional 2,132 shares in the last quarter. Kestra Advisory Services LLC bought a new position in German American Bancorp in the fourth quarter worth approximately $130,000. Finally, Fort Point Capital Partners LLC bought a new position in German American Bancorp in the fourth quarter worth approximately $203,000. Hedge funds and other institutional investors own 46.90% of the company's stock.

Wall Street Analysts Forecast Growth

GABC has been the topic of several research reports. Piper Sandler restated an "overweight" rating and set a $60.00 price target (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 report on Saturday, August 1st. Raymond James Financial started coverage on shares of German American Bancorp in a research report on Wednesday, July 8th. They issued a "hold" rating for the company. Keefe, Bruyette & Woods increased their price objective on shares of German American Bancorp from $47.00 to $51.00 and gave the company a "market perform" rating in a research note on Thursday, July 30th. Finally, Stephens lifted their price objective on shares of German American Bancorp from $47.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.33.

German American Bancorp Stock Performance

NASDAQ:GABC opened at $51.38 on Monday. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 13.56 and a beta of 0.58. German American Bancorp, Inc. has a 52 week low of $37.19 and a 52 week high of $52.23. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $47.96 and a 200 day moving average of $44.48.

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 (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.10. The business had revenue of $98.02 million for the quarter, compared to analyst estimates of $99.22 million. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. As a group, sell-side analysts anticipate that German American Bancorp, Inc. will post 3.86 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be given a $0.31 dividend. 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 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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