SG Americas Securities LLC Invests $4.98 Million in German American Bancorp, Inc. $GABC

Key Points

• SG Americas Securities bought 127,172 shares of German American Bancorp (NASDAQ: GABC) in Q4, a new stake worth about $4.98 million — roughly 0.34% of the company.
• Brokerage action has turned mildly positive: Piper Sandler upgraded GABC to Overweight with a $47 target, and the consensus rating is a Moderate Buy with an average target of $46.50.
• German American raised its quarterly dividend to $0.31 (annualized $1.24, ~2.9% yield) and recently beat estimates with $0.96 EPS vs. $0.90 expected while posting revenue above forecasts.

SG Americas Securities LLC purchased a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 127,172 shares of the bank's stock, valued at approximately $4,983,000. SG Americas Securities LLC owned about 0.34% of German American Bancorp at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in German American Bancorp in the third quarter worth approximately $58,000. Indiana Trust & Investment Management Co bought a new stake in German American Bancorp in the third quarter worth approximately $68,000. Quadrant Capital Group LLC acquired a new position in shares of German American Bancorp during the 3rd quarter worth $72,000. MAI Capital Management raised its holdings in shares of German American Bancorp by 2,605.9% during the 3rd quarter. MAI Capital Management now owns 2,300 shares of the bank's stock valued at $90,000 after purchasing an additional 2,215 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of German American Bancorp by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank's stock valued at $109,000 after purchasing an additional 2,132 shares in the last quarter. Institutional investors own 46.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GABC. Weiss Ratings reiterated a "buy (b-)" rating on shares of German American Bancorp in a report on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on German American Bancorp from $45.00 to $46.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 28th. Finally, Piper Sandler upgraded German American Bancorp from a "neutral" rating to an "overweight" rating and set a $47.00 price target for the company in a research note on Friday, March 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, German American Bancorp has an average rating of "Moderate Buy" and a consensus target price of $46.50.

German American Bancorp Price Performance

NASDAQ GABC opened at $42.28 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $41.81 and a 200 day simple moving average of $40.39. The company has a market cap of $1.59 billion, a P/E ratio of 13.95 and a beta of 0.65. German American Bancorp, Inc. has a 1 year low of $32.75 and a 1 year high of $45.00.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its earnings results on Monday, January 26th. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. The firm had revenue of $97.85 million for the quarter, compared to the consensus estimate of $94.67 million. German American Bancorp had a net margin of 23.11% and a return on equity of 11.80%. On average, sell-side analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were given a $0.31 dividend. This is an increase from German American Bancorp's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 10th. German American Bancorp's dividend payout ratio (DPR) is 40.92%.

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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