Royce & Associates LP Purchases 19,345 Shares of German American Bancorp, Inc. $GABC

Royce & Associates LP raised its position in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 4.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 507,632 shares of the bank’s stock after purchasing an additional 19,345 shares during the quarter. Royce & Associates LP owned 1.35% of German American Bancorp worth $19,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GABC. AQR Capital Management LLC increased its stake in German American Bancorp by 161.6% during the 1st quarter. AQR Capital Management LLC now owns 50,971 shares of the bank’s stock valued at $1,911,000 after purchasing an additional 31,486 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in German American Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock valued at $635,000 after purchasing an additional 711 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in German American Bancorp by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank’s stock valued at $2,076,000 after purchasing an additional 4,907 shares in the last quarter. New York State Common Retirement Fund increased its stake in German American Bancorp by 26.0% during the 2nd quarter. New York State Common Retirement Fund now owns 12,587 shares of the bank’s stock valued at $485,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in German American Bancorp by 6.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 23,630 shares of the bank’s stock valued at $910,000 after purchasing an additional 1,442 shares in the last quarter. 46.90% of the stock is currently owned by institutional investors.

German American Bancorp Price Performance

Shares of NASDAQ:GABC opened at $43.85 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. German American Bancorp, Inc. has a 1-year low of $36.55 and a 1-year high of $45.00. The company has a market capitalization of $1.65 billion, a P/E ratio of 12.15 and a beta of 0.60. The firm’s 50 day simple moving average is $42.67 and its two-hundred day simple moving average is $41.43.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, April 27th. The bank reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.02). German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%. The firm had revenue of $97.43 million for the quarter, compared to analysts’ expectations of $95.84 million. Research analysts expect that German American Bancorp, Inc. will post 3.71 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Sunday, May 10th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.24 annualized dividend and a yield of 2.8%. German American Bancorp’s payout ratio is currently 34.35%.

Analysts Set New Price Targets

A number of analysts have weighed in on GABC shares. Keefe, Bruyette & Woods raised their price objective on shares of German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Stephens lifted their price target on shares of German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler upgraded shares of 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. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average 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.