Vanguard Group Inc. Trims Stake in German American Bancorp, Inc. $GABC

Vanguard Group Inc. cut its stake in German American Bancorp, Inc. (NASDAQ:GABC) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,191,501 shares of the bank’s stock after selling 138,750 shares during the period. Vanguard Group Inc. owned 0.06% of German American Bancorp worth $86,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Champlain Investment Partners LLC lifted its holdings in shares of German American Bancorp by 11.6% during the second quarter. Champlain Investment Partners LLC now owns 1,304,428 shares of the bank’s stock valued at $50,234,000 after purchasing an additional 135,073 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of German American Bancorp by 14.1% in the second quarter. Geode Capital Management LLC now owns 952,803 shares of the bank’s stock worth $36,697,000 after purchasing an additional 117,664 shares in the last quarter. German American Bancorp Inc. lifted its stake in shares of German American Bancorp by 1.3% during the 3rd quarter. German American Bancorp Inc. now owns 597,905 shares of the bank’s stock valued at $23,480,000 after buying an additional 7,684 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of German American Bancorp by 7.2% in the second quarter. Bank of New York Mellon Corp now owns 200,650 shares of the bank’s stock valued at $7,727,000 after acquiring an additional 13,429 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in German American Bancorp by 8.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 174,133 shares of the bank’s stock worth $6,706,000 after purchasing an additional 13,713 shares in the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.

Wall Street Analysts Forecast Growth

GABC has been the subject of several research reports. Piper Sandler increased their price objective on shares of German American Bancorp from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of German American Bancorp in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods upped their target price on German American Bancorp from $45.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.50.

German American Bancorp Stock Performance

GABC opened at $40.81 on Friday. The firm has a market capitalization of $1.53 billion, a PE ratio of 13.47 and a beta of 0.65. The firm has a 50 day moving average of $41.51 and a two-hundred day moving average of $40.46. German American Bancorp, Inc. has a 12-month low of $32.75 and a 12-month high of $45.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, January 26th. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $97.85 million during the quarter, compared to analysts’ expectations of $94.67 million. German American Bancorp had a return on equity of 11.80% and a net margin of 23.11%. On average, analysts anticipate that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were given a dividend of $0.31 per share. This is a boost from German American Bancorp’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, February 10th. This represents a $1.24 annualized dividend and a dividend yield of 3.0%. German American Bancorp’s payout ratio is currently 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.