Aptus Capital Advisors LLC Acquires 35,446 Shares of German American Bancorp, Inc. $GABC

Aptus Capital Advisors LLC boosted its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 15.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,421 shares of the bank’s stock after purchasing an additional 35,446 shares during the period. Aptus Capital Advisors LLC owned 0.72% of German American Bancorp worth $10,541,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GABC. Envestnet Asset Management Inc. bought a new position in shares of German American Bancorp in the second quarter valued at about $211,000. Allworth Financial LP raised its stake in shares of German American Bancorp by 4,548.3% in the second quarter. Allworth Financial LP now owns 2,696 shares of the bank’s stock worth $104,000 after acquiring an additional 2,638 shares during the last quarter. Creative Planning lifted its position in shares of German American Bancorp by 50.9% during the second quarter. Creative Planning now owns 24,622 shares of the bank’s stock worth $948,000 after purchasing an additional 8,303 shares in the last quarter. Royce & Associates LP lifted its position in shares of German American Bancorp by 7.0% during the third quarter. Royce & Associates LP now owns 488,287 shares of the bank’s stock worth $19,175,000 after purchasing an additional 31,821 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of German American Bancorp during the second quarter valued at approximately $200,000. Institutional investors own 46.90% of the company’s stock.

Analysts Set New Price Targets

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

German American Bancorp Price Performance

Shares of NASDAQ:GABC opened at $40.11 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 13.24 and a beta of 0.65. German American Bancorp, Inc. has a one year low of $32.75 and a one year high of $45.00. The firm has a 50 day simple moving average of $41.51 and a 200 day simple moving average of $40.46.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, January 26th. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. The company had revenue of $97.85 million for the quarter, compared to analysts’ expectations of $94.67 million. German American Bancorp had a return on equity of 11.80% and a net margin of 23.11%. Research analysts predict that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.1%. This is a boost from German American Bancorp’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, February 10th. German American Bancorp’s payout ratio is 40.92%.

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.