SG Americas Securities LLC Decreases Stock Position in German American Bancorp, Inc. $GABC

SG Americas Securities LLC cut its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 41.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,821 shares of the bank’s stock after selling 52,351 shares during the quarter. SG Americas Securities LLC owned 0.20% of German American Bancorp worth $3,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Deprince Race & Zollo Inc. lifted 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 valued at $7,950,000 after purchasing an additional 41,247 shares in the last quarter. Aptus Capital Advisors LLC raised its position in German American Bancorp by 15.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 268,421 shares of the bank’s stock worth $10,541,000 after buying an additional 35,446 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in German American Bancorp by 717.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,335 shares of the bank’s stock worth $1,698,000 after buying an additional 38,032 shares during the last quarter. Royce & Associates LP lifted its stake in German American Bancorp by 4.0% during the 4th quarter. Royce & Associates LP now owns 507,632 shares of the bank’s stock valued at $19,889,000 after acquiring an additional 19,345 shares during the period. Finally, Vanguard Group Inc. lifted its stake in German American Bancorp by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 2,281,704 shares of the bank’s stock valued at $89,397,000 after acquiring an additional 90,203 shares during the period. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Performance

Shares of NASDAQ GABC opened at $47.46 on Wednesday. German American Bancorp, Inc. has a 12-month low of $36.56 and a 12-month high of $48.94. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 13.15 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 firm has a 50 day moving average of $44.12 and a 200 day moving average of $42.42.

German American Bancorp (NASDAQ:GABC) last released 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 return on equity of 11.98% and a net margin of 27.09%.The business had revenue of $97.43 million during the quarter, compared to the consensus estimate of $95.84 million. On average, research analysts anticipate that German American Bancorp, Inc. will post 3.71 earnings per share for the current year.

German American Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on GABC shares. 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. Piper Sandler upgraded shares of German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price objective on the stock in a research report on Friday, March 20th. Keefe, Bruyette & Woods raised their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of German American Bancorp in a research report on Monday, June 1st. Finally, Stephens boosted their target price on shares of German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on 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 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.