15,347 Shares in German American Bancorp, Inc. $GABC Purchased by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,347 shares of the bank’s stock, valued at approximately $729,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of German American Bancorp by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,219,958 shares of the bank’s stock valued at $50,982,000 after acquiring an additional 31,627 shares during the period. Glenview Trust Co boosted its holdings in German American Bancorp by 394.8% in the 1st quarter. Glenview Trust Co now owns 37,770 shares of the bank’s stock valued at $1,578,000 after purchasing an additional 30,137 shares during the period. The Manufacturers Life Insurance Company bought a new position in German American Bancorp in the 2nd quarter valued at $14,364,000. Bank of New York Mellon Corp purchased a new position in shares of German American Bancorp during the 2nd quarter valued at $10,440,000. Finally, Deutsche Bank AG bought a new position in shares of German American Bancorp in the second quarter worth $1,835,000. 46.90% of the stock is currently owned by institutional investors.

German American Bancorp Price Performance

Shares of GABC opened at $50.01 on Monday. The firm has a market cap of $1.88 billion, a P/E ratio of 13.20 and a beta of 0.58. The stock has a 50 day simple moving average of $49.25 and a two-hundred day simple moving average of $45.20. 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, Inc. has a 1 year low of $37.19 and a 1 year high of $52.23.

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

German American Bancorp Dividend Announcement

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

Analyst Ratings Changes

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

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.