Glenview Trust Co Invests $1.79 Million in German American Bancorp, Inc. $GABC

Glenview Trust Co bought a new position in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,770 shares of the bank's stock, valued at approximately $1,793,000. Glenview Trust Co owned about 0.10% of German American Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in German American Bancorp by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,219,958 shares of the bank's stock valued at $50,982,000 after purchasing an additional 31,627 shares during the last quarter. Sei Investments Co. raised its position in shares of German American Bancorp by 195.9% in the first quarter. Sei Investments Co. now owns 101,336 shares of the bank's stock worth $4,235,000 after buying an additional 67,084 shares in the last quarter. German American Bancorp Inc. purchased a new position in shares of German American Bancorp during the second quarter worth about $45,154,000. Royce & Associates LP grew its stake in German American Bancorp by 4.0% in the 4th quarter. Royce & Associates LP now owns 507,632 shares of the bank's stock worth $19,889,000 after buying an additional 19,345 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of German American Bancorp by 717.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,335 shares of the bank's stock valued at $1,698,000 after buying an additional 38,032 shares in the last quarter. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

German American Bancorp Stock Up 0.7%

Shares of NASDAQ:GABC opened at $49.92 on Friday. German American Bancorp, Inc. has a 1 year low of $37.19 and a 1 year high of $52.23. The company has a market cap of $1.88 billion, a PE ratio of 13.17 and a beta of 0.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. The stock's 50-day moving average is $48.94 and its 200 day moving average is $44.97.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.10. The business had revenue of $98.02 million during the quarter, compared to analysts' expectations of $99.22 million. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%. Sell-side analysts anticipate that German American Bancorp, Inc. will post 3.86 EPS for the current year.

German American Bancorp Announces Dividend

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

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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