Legal & General Group Plc Invests $1.47 Million in German American Bancorp, Inc. $GABC

Legal & General Group Plc bought a new position in shares of German American Bancorp, Inc. (NASDAQ:GABC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,870 shares of the bank’s stock, valued at approximately $1,465,000. Legal & General Group Plc owned about 0.08% of German American Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in German American Bancorp by 161.6% during the 1st quarter. AQR Capital Management LLC now owns 50,971 shares of the bank’s stock worth $1,911,000 after purchasing an additional 31,486 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in German American Bancorp by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock valued at $635,000 after acquiring an additional 711 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in German American Bancorp by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank’s stock worth $2,076,000 after purchasing an additional 4,907 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of German American Bancorp by 26.0% during the 2nd quarter. New York State Common Retirement Fund now owns 12,587 shares of the bank’s stock worth $485,000 after purchasing an additional 2,600 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of German American Bancorp by 6.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 23,630 shares of the bank’s stock valued at $910,000 after purchasing an additional 1,442 shares in the last quarter. 46.90% of the stock is currently owned by institutional investors and hedge funds.

German American Bancorp Stock Performance

Shares of GABC stock opened at $50.01 on Monday. The stock’s fifty day moving average is $49.25 and its two-hundred day moving average is $45.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $1.88 billion, a P/E ratio of 13.20 and a beta of 0.58. German American Bancorp, Inc. has a fifty-two week low of $37.19 and a fifty-two week high of $52.23.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, July 27th. The bank reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.10. The company had revenue of $98.02 million during 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%. Research analysts expect that German American Bancorp, Inc. will post 3.86 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, August 10th. German American Bancorp’s dividend payout ratio is presently 32.72%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings downgraded shares of German American Bancorp from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, September 1st. Piper Sandler reissued an “overweight” rating and set a $60.00 target price (up from $51.00) on shares of German American Bancorp in a research note on Thursday, July 30th. Keefe, Bruyette & Woods lifted their price target on German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Finally, Raymond James Financial started coverage on German American Bancorp in a report on Wednesday, July 8th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.