Glenview Trust Co Grows Holdings in German American Bancorp, Inc. $GABC

Glenview Trust Co lifted its position in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 394.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 37,770 shares of the bank’s stock after buying an additional 30,137 shares during the quarter. Glenview Trust Co’s holdings in German American Bancorp were worth $1,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. grew its stake in German American Bancorp by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,370 shares of the bank’s stock worth $525,000 after acquiring an additional 371 shares during the period. ProShare Advisors LLC increased its stake in German American Bancorp by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,629 shares of the bank’s stock valued at $260,000 after purchasing an additional 426 shares during the last quarter. Pettinga Financial Advisors LLC increased its stake in German American Bancorp by 4.4% in the fourth quarter. Pettinga Financial Advisors LLC now owns 11,613 shares of the bank’s stock valued at $455,000 after purchasing an additional 492 shares during the last quarter. Diversified Trust Co lifted its position in German American Bancorp by 4.3% during the first quarter. Diversified Trust Co now owns 17,164 shares of the bank’s stock worth $717,000 after buying an additional 700 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in German American Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock worth $635,000 after buying an additional 711 shares during the period. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Down 1.0%

Shares of German American Bancorp stock opened at $47.99 on Wednesday. German American Bancorp, Inc. has a twelve month low of $36.56 and a twelve month high of $49.39. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 13.29 and a beta of 0.59. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $45.39 and a 200 day moving average price of $43.18.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, April 27th. The bank reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.02). German American Bancorp had a return on equity of 11.98% and a net margin of 27.09%.The company had revenue of $97.43 million for the quarter, compared to analyst estimates of $95.84 million. Equities research analysts forecast that German American Bancorp, Inc. will post 3.73 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Sunday, May 10th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.6%. German American Bancorp’s dividend payout ratio (DPR) is presently 34.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Raymond James Financial started coverage on shares of German American Bancorp in a research note on Wednesday, July 8th. They set a “hold” rating for the company. Wall Street Zen lowered shares of German American Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Keefe, Bruyette & Woods increased their price target on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Stephens increased their target price on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.67.

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.