German American Bancorp Inc. Invests $45.15 Million in German American Bancorp, Inc. $GABC

German American Bancorp Inc. acquired a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 951,402 shares of the bank’s stock, valued at approximately $45,154,000. German American Bancorp makes up approximately 3.4% of German American Bancorp Inc.’s portfolio, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in German American Bancorp in the 2nd quarter worth approximately $10,440,000. Parallel Advisors LLC increased 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 purchasing an additional 927 shares in the last quarter. Bank of America Corp DE increased its stake in German American Bancorp by 23.4% during the 1st quarter. Bank of America Corp DE now owns 64,688 shares of the bank’s stock valued at $2,703,000 after purchasing an additional 12,263 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of German American Bancorp by 16.1% in the first quarter. Quantinno Capital Management LP now owns 12,483 shares of the bank’s stock worth $522,000 after buying an additional 1,728 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of German American Bancorp in the first quarter worth $258,000. 46.90% of the stock is owned by hedge funds and other institutional investors.

German American Bancorp Stock Performance

Shares of German American Bancorp stock opened at $51.38 on Monday. The stock has a market cap of $1.93 billion, a PE ratio of 13.56 and a beta of 0.58. The firm has a fifty day moving average price of $47.96 and a 200 day moving average price of $44.48. German American Bancorp, Inc. has a 1 year low of $37.19 and a 1 year high of $52.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.10. The company had revenue of $98.02 million for the quarter, compared to the consensus estimate of $99.22 million. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%. Equities research analysts predict that German American Bancorp, Inc. will post 3.86 earnings per share for the current year.

German American Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be paid a $0.31 dividend. 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 dividend payout ratio is presently 32.72%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GABC. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised German American Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday. Raymond James Financial began coverage on German American Bancorp in a research note on Wednesday, July 8th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods lifted their price target on German American Bancorp from $47.00 to $51.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $60.00 price target (up from $51.00) on shares of German American Bancorp in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

German American Bancorp Company 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.