Northwestern Mutual Wealth Management Co. Raises Stock Position in German American Bancorp, Inc. $GABC

Northwestern Mutual Wealth Management Co. increased its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 717.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,335 shares of the bank’s stock after purchasing an additional 38,032 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.12% of German American Bancorp worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Deprince Race & Zollo Inc. raised its holdings in shares of German American Bancorp by 25.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 202,901 shares of the bank’s stock worth $7,950,000 after purchasing an additional 41,247 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of German American Bancorp during the fourth quarter worth $4,983,000. Aptus Capital Advisors LLC grew its position in German American Bancorp by 15.2% during the third quarter. Aptus Capital Advisors LLC now owns 268,421 shares of the bank’s stock valued at $10,541,000 after buying an additional 35,446 shares during the period. MQS Management LLC acquired a new stake in German American Bancorp during the third quarter valued at $484,000. Finally, Royce & Associates LP grew its position in German American Bancorp by 7.0% during the third quarter. Royce & Associates LP now owns 488,287 shares of the bank’s stock valued at $19,175,000 after buying an additional 31,821 shares during the period. Hedge funds and other institutional investors own 46.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Keefe, Bruyette & Woods raised their price target on shares of German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Piper Sandler upgraded shares of German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price target on the stock in a research report on Friday, March 20th. Finally, Stephens raised their price target on shares of German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, German American Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $47.67.

German American Bancorp Stock Down 0.8%

GABC stock opened at $43.48 on Thursday. The firm has a market cap of $1.63 billion, a PE ratio of 12.04 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. The firm’s fifty day moving average is $42.73 and its 200 day moving average is $41.46. German American Bancorp, Inc. has a one year low of $36.55 and a one year high of $45.00.

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

German American Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Sunday, May 10th were paid 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 2.9%. German American Bancorp’s payout ratio is currently 34.35%.

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.