Sei Investments Co. Buys 67,084 Shares of German American Bancorp, Inc. $GABC

Sei Investments Co. increased its stake in German American Bancorp, Inc. (NASDAQ:GABC) by 195.9% during the 1st quarter, HoldingsChannel reports. The firm owned 101,336 shares of the bank’s stock after buying an additional 67,084 shares during the period. Sei Investments Co.’s holdings in German American Bancorp were worth $4,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in German American Bancorp by 220.7% during the 1st quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock valued at $56,000 after buying an additional 927 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in shares of German American Bancorp in the 3rd quarter worth $72,000. Tower Research Capital LLC TRC grew its holdings in shares of German American Bancorp by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock worth $109,000 after acquiring an additional 2,132 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of German American Bancorp in the fourth quarter worth $130,000. Finally, Fort Point Capital Partners LLC purchased a new stake in German American Bancorp during the fourth quarter valued at $203,000. Institutional investors own 46.90% of the company’s stock.

Wall Street Analysts Forecast Growth

GABC has been the topic of a number of recent research reports. Stephens increased their target price on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 price target (up from $51.00) on shares of German American Bancorp in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, July 13th. Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.33.

German American Bancorp Price Performance

NASDAQ GABC opened at $51.04 on Thursday. The business’s fifty day moving average is $46.96 and its 200 day moving average is $43.98. German American Bancorp, Inc. has a fifty-two week low of $37.19 and a fifty-two week high of $52.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $1.92 billion, a PE ratio of 13.47 and a beta of 0.58.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.10. German American Bancorp had a return on equity of 12.30% and a net margin of 28.25%.The business had revenue of $101.34 million during the quarter, compared to analysts’ expectations of $99.22 million. Sell-side analysts predict that German American Bancorp, Inc. will post 3.86 earnings per share for the current year.

German American Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, August 10th will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, August 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.4%. German American Bancorp’s payout ratio is 32.72%.

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.