Victory Capital Management Inc. increases its equity position in German American Bancorp, Inc. (NASDAQ:GABC)

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Victory Capital Management Inc. increased its stake in German American Bancorp, Inc. (NASDAQ:GABC – Get Rating) by 4.8% in Q1, according to its latest SEC filing. The company held 52,585 shares of the bank after purchasing an additional 2,393 shares during the period. Victory Capital Management Inc. owned approximately 0.18% of German American Bancorp worth $1,956,000 at the end of the last quarter.

Other large investors have also recently changed their holdings in the company. CWM LLC purchased a new stock position in German American Bancorp during Q4 for a value of approximately $26,000. Comprehensive Financial Consultants Institutional Inc. bought a new stock position in German American Bancorp during Q4 for a value of approximately $36,000. Independence Bank of Kentucky increased its stake in shares of German American Bancorp by 83.3% during the 1st quarter. Independence Bank of Kentucky now owns 2,200 shares of the bank worth $84,000 after acquiring an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stock position in German American Bancorp during Q4 for a value of approximately $122,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its shareholding in German American Bancorp by 91.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,294 shares in the bank worth $125,000 after acquiring 1,573 additional shares last quarter. Institutional investors hold 38.72% of the company’s shares.

Wall Street analysts predict growth

GABC has been the subject of several recent analyst reports. StockNews.com upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a Wednesday, May 18 research rating. Piper Sandler raised her price target on German American Bancorp stock to $39.50 and gave the company an “outperform” rating in a Wednesday, July 27 research note.

German American Bancorp trades up 1.8%

Shares of German American Bancorp opened at $38.77 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt ratio of 0.25. German American Bancorp, Inc. has a 12-month low of $32.76 and a 12-month high of $43.79. The company has a market capitalization of $1.14 billion, a price-earnings ratio of 14.58 and a beta of 0.71. The company’s 50-day simple moving average is $35.97 and its two-hundred-day simple moving average is $37.35.

German American Bancorp (NASDAQ:GABC – Get Rating) last released quarterly earnings data on Monday, July 25. The bank reported earnings per share of $0.81 for the quarter, beating analysts’ consensus estimate of $0.71 by $0.10. German American Bancorp had a net margin of 29.43% and a return on equity of 13.72%. Analysts predict that German American Bancorp, Inc. will post EPS of 3.24 for the current year.

German American Bancorp dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, August 20. Shareholders of record on Wednesday, August 10 will receive a dividend of $0.23. The ex-dividend date is Tuesday, August 9. This represents a dividend of $0.92 on an annualized basis and a dividend yield of 2.37%. German American Bancorp’s payout ratio is currently 34.59%.

About German American Bancorp

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German American Bancorp, Inc operates as a bank holding company for German American Bank which provides retail and commercial banking services. The Company operates through three segments: Core Banking, Wealth Management Services and Insurance Operations. The Core Banking segment accepts deposits from the general public; and issues consumer, commercial and farm, commercial and farm real estate and residential mortgages, as well as sells residential mortgages in the secondary market.

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Institutional ownership by quarter for German American Bancorp (NASDAQ:GABC)



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