12,313 Shares in German American Bancorp, Inc. $GABC Purchased by MQS Management LLC

MQS Management LLC bought a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,313 shares of the bank’s stock, valued at approximately $484,000.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of German American Bancorp by 0.6% during the 2nd quarter. American Century Companies Inc. now owns 84,699 shares of the bank’s stock worth $3,262,000 after acquiring an additional 525 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in German American Bancorp by 1.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 49,564 shares of the bank’s stock worth $1,909,000 after purchasing an additional 589 shares during the period. AlphaQuest LLC lifted its position in shares of German American Bancorp by 8.7% during the third quarter. AlphaQuest LLC now owns 8,043 shares of the bank’s stock worth $316,000 after purchasing an additional 646 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of German American Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock valued at $635,000 after purchasing an additional 711 shares during the period. Finally, CWM LLC grew its holdings in shares of German American Bancorp by 23.7% in the third quarter. CWM LLC now owns 4,040 shares of the bank’s stock worth $159,000 after purchasing an additional 774 shares during the last quarter. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Trading Down 0.5%

NASDAQ:GABC opened at $43.06 on Thursday. The company has a market capitalization of $1.61 billion, a P/E ratio of 14.21 and a beta of 0.67. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. German American Bancorp, Inc. has a 12 month low of $32.75 and a 12 month high of $45.00. The firm has a fifty day simple moving average of $40.88 and a 200-day simple moving average of $40.08.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, January 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $97.85 million during the quarter, compared to analyst estimates of $94.67 million. German American Bancorp had a return on equity of 12.02% and a net margin of 23.11%. On average, equities research analysts anticipate that German American Bancorp, Inc. will post 3.06 earnings per share for the current year.

German American Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Tuesday, February 10th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from German American Bancorp’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, February 10th. German American Bancorp’s dividend payout ratio is presently 40.92%.

Analyst Upgrades and Downgrades

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

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.