The Manufacturers Life Insurance Company Acquires New Shares in German American Bancorp, Inc. $GABC

The Manufacturers Life Insurance Company bought a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) during the second quarter, Holdings Channel.com reports. The fund bought 302,663 shares of the bank’s stock, valued at approximately $14,364,000.

Several other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of German American Bancorp in the second quarter worth $246,000. Quantbot Technologies LP bought a new stake in shares of German American Bancorp during the 2nd quarter valued at $143,000. Allworth Financial LP bought a new stake in shares of German American Bancorp during the 2nd quarter valued at $133,000. Meeder Advisory Services Inc. purchased a new stake in German American Bancorp during the 2nd quarter worth about $605,000. Finally, BlackRock Inc. purchased a new stake in German American Bancorp during the 2nd quarter worth about $142,155,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Trading Up 0.7%

Shares of GABC stock opened at $49.92 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of 13.17 and a beta of 0.58. German American Bancorp, Inc. has a 52-week low of $37.19 and a 52-week high of $52.23. The business’s fifty day moving average is $48.94 and its 200 day moving average is $44.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86.

German American Bancorp (NASDAQ:GABC) last posted its earnings results on Monday, July 27th. The bank reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. The business had revenue of $98.02 million during the quarter, compared to analysts’ expectations of $99.22 million. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%. On average, equities research analysts anticipate that German American Bancorp, Inc. will post 3.86 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 10th. German American Bancorp’s dividend payout ratio (DPR) is 32.72%.

Analysts Set New Price Targets

A number of research analysts have weighed in on GABC shares. Weiss Ratings raised German American Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, August 13th. Raymond James Financial initiated coverage on shares of German American Bancorp in a report on Wednesday, July 8th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods raised their price objective on shares of German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Piper Sandler restated an “overweight” rating and issued a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a research report on Thursday, July 30th. Finally, Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.