Mutual of America Capital Management LLC Sells 22,745 Shares of German American Bancorp, Inc. $GABC

Mutual of America Capital Management LLC trimmed its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABCFree Report) by 11.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,939 shares of the bank’s stock after selling 22,745 shares during the quarter. Mutual of America Capital Management LLC owned 0.48% of German American Bancorp worth $7,066,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GABC. Champlain Investment Partners LLC raised its position in German American Bancorp by 11.6% during the 2nd quarter. Champlain Investment Partners LLC now owns 1,304,428 shares of the bank’s stock valued at $50,234,000 after purchasing an additional 135,073 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of German American Bancorp by 14.1% in the second quarter. Geode Capital Management LLC now owns 952,803 shares of the bank’s stock valued at $36,697,000 after acquiring an additional 117,664 shares in the last quarter. German American Bancorp Inc. lifted its stake in German American Bancorp by 10.2% in the second quarter. German American Bancorp Inc. now owns 590,221 shares of the bank’s stock worth $22,729,000 after acquiring an additional 54,504 shares during the period. Marshall Wace LLP grew its holdings in German American Bancorp by 535.3% during the 2nd quarter. Marshall Wace LLP now owns 39,374 shares of the bank’s stock worth $1,516,000 after acquiring an additional 33,176 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in German American Bancorp by 161.6% during the 1st quarter. AQR Capital Management LLC now owns 50,971 shares of the bank’s stock valued at $1,911,000 after purchasing an additional 31,486 shares during the period. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Performance

GABC opened at $42.06 on Wednesday. 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 $43.20. The firm has a 50 day moving average of $40.08 and a two-hundred day moving average of $39.87. The firm has a market capitalization of $1.58 billion, a PE ratio of 13.88 and a beta of 0.67.

German American Bancorp (NASDAQ:GABCGet Free Report) last posted its quarterly earnings results on Monday, January 26th. The bank reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $95.99 million for the quarter, compared to analyst estimates of $94.67 million. German American Bancorp had a net margin of 23.11% and a return on equity of 12.02%. On average, analysts anticipate that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Tuesday, February 10th will be given a dividend of $0.31 per share. This is a boost from German American Bancorp’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, February 10th. German American Bancorp’s dividend payout ratio (DPR) is 38.28%.

German American Bancorp News Roundup

Here are the key news stories impacting German American Bancorp this week:

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of German American Bancorp in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, German American Bancorp has an average rating of “Hold” and an average price target of $45.50.

Check Out Our Latest Stock Report on German American Bancorp

German American Bancorp Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for German American Bancorp (NASDAQ:GABC)

Receive News & Ratings for German American Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.