Legal & General Group Plc Buys Shares of 30,870 German American Bancorp, Inc. $GABC

Legal & General Group Plc purchased a new stake in German American Bancorp, Inc. (NASDAQ:GABC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 30,870 shares of the bank’s stock, valued at approximately $1,465,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in German American Bancorp by 220.7% in the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock valued at $56,000 after acquiring an additional 927 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in German American Bancorp during the third quarter worth $72,000. Allworth Financial LP purchased a new stake in German American Bancorp in the second quarter valued at $133,000. Tower Research Capital LLC TRC lifted its stake in shares of German American Bancorp by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock valued at $109,000 after purchasing an additional 2,132 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of German American Bancorp in the 2nd quarter valued at $143,000. Institutional investors and hedge funds own 46.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GABC. Keefe, Bruyette & Woods raised their price objective 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. Weiss Ratings lowered shares of German American Bancorp from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, September 1st. 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. Raymond James Financial assumed coverage on shares of German American Bancorp in a report on Wednesday, July 8th. They issued a “hold” rating on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, German American Bancorp has a consensus rating of “Moderate Buy” and an average target price of $53.33.

German American Bancorp Price Performance

GABC stock opened at $50.01 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick 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. The business’s 50-day moving average is $49.25 and its two-hundred day moving average is $45.20. 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 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. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%.The business had revenue of $98.02 million during the quarter, compared to analysts’ expectations of $99.22 million. Analysts anticipate that German American Bancorp, Inc. will post 3.86 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were issued a dividend of $0.31 per share. 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 payout ratio is 32.72%.

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.