Royce & Associates LP Increases Position in German American Bancorp, Inc. $GABC

Royce & Associates LP increased its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,287 shares of the bank’s stock after acquiring an additional 31,821 shares during the period. Royce & Associates LP’s holdings in German American Bancorp were worth $19,175,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in German American Bancorp in the third quarter worth $58,000. Indiana Trust & Investment Management Co bought a new stake in shares of German American Bancorp during the 3rd quarter worth $68,000. MAI Capital Management grew its position in German American Bancorp by 2,605.9% during the third quarter. MAI Capital Management now owns 2,300 shares of the bank’s stock valued at $90,000 after buying an additional 2,215 shares during the period. Allworth Financial LP increased its position in German American Bancorp by 4,548.3% in the second quarter. Allworth Financial LP now owns 2,696 shares of the bank’s stock worth $104,000 after buying an additional 2,638 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of 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 valued at $109,000 after buying an additional 2,132 shares during the period. 46.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GABC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of German American Bancorp in a research note on Monday, December 29th. Piper Sandler upped 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. Finally, Keefe, Bruyette & Woods lifted their target price on shares of German American Bancorp from $45.00 to $46.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.50.

German American Bancorp Stock Performance

NASDAQ:GABC opened at $41.34 on Monday. The business’s fifty day moving average is $41.40 and its 200 day moving average is $40.42. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 13.64 and a beta of 0.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86. German American Bancorp, Inc. has a 52-week low of $32.75 and a 52-week high of $45.00.

German American Bancorp (NASDAQ:GABC) last posted its earnings results on Monday, January 26th. The bank reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. German American Bancorp had a return on equity of 12.02% and a net margin of 23.11%.The business had revenue of $97.85 million during the quarter, compared to analyst estimates of $94.67 million. Research analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were issued 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 of this dividend was Tuesday, February 10th. This represents a $1.24 dividend on an annualized basis and a 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.