German American Bancorp, Inc. $GABC Shares Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. raised its stake in German American Bancorp, Inc. (NASDAQ:GABC) by 15.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 233,513 shares of the bank’s stock after purchasing an additional 30,612 shares during the period. Deprince Race & Zollo Inc. owned 0.62% of German American Bancorp worth $9,759,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Quadrant Capital Group LLC bought a new stake in German American Bancorp in the third quarter valued at about $72,000. MAI Capital Management lifted its holdings in 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 buying an additional 2,215 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in German American Bancorp by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock worth $109,000 after buying an additional 2,132 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of German American Bancorp in the 4th quarter worth approximately $130,000. Finally, Squarepoint Ops LLC acquired a new position in shares of German American Bancorp in the 4th quarter worth approximately $201,000. Institutional investors own 46.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of German American Bancorp in a report on Monday, June 1st. Piper Sandler upgraded shares of German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 target price for the company in a research note on Friday, March 20th. Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Stephens raised 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 report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, German American Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.67.

German American Bancorp Stock Down 1.0%

NASDAQ:GABC opened at $47.60 on Friday. 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 stock has a 50 day moving average of $44.28 and a 200-day moving average of $42.52. The firm has a market capitalization of $1.79 billion, a PE ratio of 13.19 and a beta of 0.59. German American Bancorp, Inc. has a 52 week low of $36.56 and a 52 week high of $48.94.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, April 27th. The bank reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $95.84 million. Analysts predict that German American Bancorp, Inc. will post 3.71 EPS for the current year.

German American Bancorp Dividend Announcement

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