German American Bancorp, Inc.
At today's price, German American Bancorp, Inc. (GABC) is priced for 11.4% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
- German American runs a standout community-bank profile: a 4.26% net interest margin (rising), 1.58% return on average assets, a 51.2% efficiency ratio, and near-zero net charge-offs at 0.08%, with trailing ROE near 11.5% above its roughly 9% cost of equity. - Growth comes from disciplined M&A (Heartland closed February 2025, adding about $1.94 billion in assets); the key risk is deposit competition eroding the cheap-funding edge that powers the 4%-plus margin.
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173 institutional managers reported holding GABC in 13F filings for the quarter ended 2026-03-31. Together they hold about 53% of the company; the top 10 hold 35%. 15 opened new positions that quarter. Held by BlackRock, Vanguard Group, Franklin Resources, among others. On the short side, 1.2M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (7.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
GABC's share count grew 41.3% over the past five years. It pays a dividend, and has paid one every year in our records (16 and counting), raised 13 years straight; the current rate is $1.16 a share annually. Cash returned over the past three years: $101.42M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at GABC over the trailing three years: 2023: 55 buys totaling $2.52M; 2024: 55 buys totaling $508k; 2025: 44 buys totaling $354k; 2026: 13 buys totaling $17k. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
GABC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-03-02 | +0.7% | -29.5% |
| 2023-05-10 | -7.3% | +1.2% |
| 2023-08-09 | +1.9% | -11.7% |
| 2023-11-08 | +0.4% | +14.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
GABC's latest 8-K filings: 2026-05-06 (items 7.01, 9.01); 2026-04-29 (items 5.07); 2026-04-27 (items 2.02, 8.01, 9.01); 2026-03-05 (items 5.02, 9.01); 2026-02-10 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.