Aptus Capital Advisors LLC Acquires 35,446 Shares of German American Bancorp, Inc. $GABC

Aptus Capital Advisors LLC raised its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 15.2% in the third quarter, Holdings Channel reports. The firm owned 268,421 shares of the bank’s stock after purchasing an additional 35,446 shares during the period. Aptus Capital Advisors LLC’s holdings in German American Bancorp were worth $10,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

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

German American Bancorp Trading Down 1.7%

NASDAQ GABC opened at $40.11 on Friday. German American Bancorp, Inc. has a 1-year low of $32.75 and a 1-year 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. The stock has a 50-day moving average of $41.51 and a 200-day moving average of $40.46. The firm has a market cap of $1.50 billion, a PE ratio of 13.24 and a beta of 0.65.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, January 26th. The bank reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $97.85 million for 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%. As a group, sell-side analysts forecast that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were given a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $1.24 annualized dividend and a dividend yield of 3.1%. This is a positive change from German American Bancorp’s previous quarterly dividend of $0.29. German American Bancorp’s dividend payout ratio is 40.92%.

About German American Bancorp

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.