German American Bancorp, Inc. $GABC Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in German American Bancorp, Inc. (NASDAQ:GABCFree Report) by 11.2% in the third quarter, Holdings Channel reports. The institutional investor owned 179,939 shares of the bank’s stock after selling 22,745 shares during the quarter. Mutual of America Capital Management LLC’s holdings in German American Bancorp were worth $7,066,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in German American Bancorp by 41.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,106 shares of the bank’s stock worth $1,313,000 after acquiring an additional 9,921 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of German American Bancorp during the second quarter worth about $211,000. Allworth Financial LP raised its position in shares of German American Bancorp by 4,548.3% during the 2nd quarter. Allworth Financial LP now owns 2,696 shares of the bank’s stock worth $104,000 after purchasing an additional 2,638 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new position in German American Bancorp in the 2nd quarter valued at about $469,000. Finally, Creative Planning lifted its stake in German American Bancorp by 50.9% in the 2nd quarter. Creative Planning now owns 24,622 shares of the bank’s stock valued at $948,000 after buying an additional 8,303 shares in the last quarter. Institutional investors and hedge funds own 46.90% of the company’s stock.

German American Bancorp Stock Performance

NASDAQ:GABC opened at $42.06 on Wednesday. The company’s 50-day moving average is $40.08 and its two-hundred day moving average is $39.87. German American Bancorp, Inc. has a 1-year low of $32.75 and a 1-year high of $43.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 13.88 and a beta of 0.67.

German American Bancorp (NASDAQ:GABCGet Free Report) last released 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 firm 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%. Analysts forecast that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders 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 dividend on an annualized basis and a dividend 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:

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of German American Bancorp in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.50.

Check Out Our Latest Report on German American Bancorp

About German American Bancorp

(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

Want to see what other hedge funds are holding GABC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for German American Bancorp, Inc. (NASDAQ:GABCFree Report).

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.