Northwestern Mutual Wealth Management Co. Grows Stake in German American Bancorp, Inc. $GABC

Northwestern Mutual Wealth Management Co. lifted its stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 717.2% in the fourth quarter, Holdings Channel reports. The firm owned 43,335 shares of the bank’s stock after buying an additional 38,032 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in German American Bancorp were worth $1,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GABC. SG Americas Securities LLC purchased a new stake in shares of German American Bancorp during the fourth quarter worth about $4,983,000. FJ Capital Management LLC increased its stake in shares of German American Bancorp by 1,802.7% during the third quarter. FJ Capital Management LLC now owns 112,580 shares of the bank’s stock worth $4,421,000 after purchasing an additional 106,663 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of German American Bancorp by 1,660.8% during the third quarter. Two Sigma Investments LP now owns 101,666 shares of the bank’s stock worth $3,992,000 after purchasing an additional 95,892 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of German American Bancorp by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 2,281,704 shares of the bank’s stock worth $89,397,000 after purchasing an additional 90,203 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of German American Bancorp by 3.6% during the third quarter. Franklin Resources Inc. now owns 1,847,234 shares of the bank’s stock worth $72,541,000 after purchasing an additional 64,338 shares in the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Down 0.8%

Shares of NASDAQ GABC opened at $43.48 on Thursday. German American Bancorp, Inc. has a 12-month low of $36.55 and a 12-month high of $45.00. The stock has a market cap of $1.63 billion, a PE ratio of 12.04 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $42.73 and a 200 day moving average of $41.46.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, April 27th. The bank reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.02). German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%. The business had revenue of $97.43 million for the quarter, compared to analysts’ expectations of $95.84 million. As a group, sell-side analysts predict that German American Bancorp, Inc. will post 3.71 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Sunday, May 10th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, May 8th. German American Bancorp’s dividend payout ratio is currently 34.35%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Stephens boosted their target price on shares of German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Piper Sandler raised shares of German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price objective for the company in a research note on Friday, March 20th. Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.67.

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.