German American Bancorp, Inc. $GABC Stock Position Raised by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 15.3% in the first quarter, Holdings Channel.com reports. The fund owned 109,249 shares of the bank’s stock after acquiring an additional 14,500 shares during the quarter. Renaissance Technologies LLC’s holdings in German American Bancorp were worth $4,566,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Deprince Race & Zollo Inc. raised its position in shares of German American Bancorp by 25.5% in 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 during the period. Glenview Trust Co grew its stake in German American Bancorp by 394.8% in the 1st quarter. Glenview Trust Co now owns 37,770 shares of the bank’s stock valued at $1,578,000 after buying an additional 30,137 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in German American Bancorp by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,958 shares of the bank’s stock valued at $50,982,000 after buying an additional 31,627 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings 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 acquiring an additional 38,032 shares during the period. Finally, Royce & Associates LP raised its holdings in German American Bancorp by 4.0% in the 4th quarter. Royce & Associates LP now owns 507,632 shares of the bank’s stock worth $19,889,000 after acquiring an additional 19,345 shares during the period. Institutional investors and hedge funds own 46.90% of the company’s stock.

German American Bancorp Stock Down 0.5%

NASDAQ GABC opened at $50.79 on Friday. German American Bancorp, Inc. has a twelve month low of $37.19 and a twelve month high of $52.23. The stock has a market cap of $1.91 billion, a PE ratio of 13.40 and a beta of 0.58. The firm has a 50-day simple moving average of $47.11 and a 200 day simple moving average of $44.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.10. The firm had revenue of $98.02 million for the quarter, compared to analyst estimates of $99.22 million. German American Bancorp had a return on equity of 12.30% and a net margin of 28.25%. On average, research analysts forecast that German American Bancorp, Inc. will post 3.86 EPS for the current year.

German American Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, August 10th. German American Bancorp’s dividend payout ratio (DPR) is presently 32.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Keefe, Bruyette & Woods lifted their price objective on German American Bancorp from $47.00 to $51.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Weiss Ratings raised German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 target price (up from $51.00) on shares of German American Bancorp in a report on Thursday, July 30th. Finally, Raymond James Financial began coverage on German American Bancorp in a research report on Wednesday, July 8th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.33.

German American Bancorp Company 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.