Meeder Advisory Services Inc. Invests $605,000 in German American Bancorp, Inc. $GABC

Meeder Advisory Services Inc. bought a new position in German American Bancorp, Inc. (NASDAQ:GABCFree Report) during the second quarter, HoldingsChannel reports. The fund bought 12,750 shares of the bank’s stock, valued at approximately $605,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GABC. Parallel Advisors LLC raised its stake in shares of German American Bancorp by 220.7% in the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after buying an additional 927 shares during the period. Quadrant Capital Group LLC purchased a new position in German American Bancorp during the third quarter valued at approximately $72,000. Tower Research Capital LLC TRC boosted its position in shares of German American Bancorp by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock worth $109,000 after purchasing an additional 2,132 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of German American Bancorp in the fourth quarter worth $130,000. Finally, Fort Point Capital Partners LLC bought a new stake in shares of German American Bancorp during the 4th quarter valued at $203,000. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

German American Bancorp Stock Performance

Shares of NASDAQ GABC opened at $49.94 on Friday. The company has a market cap of $1.88 billion, a P/E ratio of 13.18 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 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’s fifty day moving average is $48.38 and its two-hundred day moving average is $44.72.

German American Bancorp (NASDAQ:GABCGet Free Report) last released its quarterly earnings data on Monday, July 27th. The bank reported $1.02 EPS for the quarter, beating the consensus estimate of $0.92 by $0.10. The business had revenue of $98.02 million during the quarter, compared to the consensus estimate of $99.22 million. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. As a group, analysts anticipate that German American Bancorp, Inc. will post 3.86 EPS 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. Investors of record on Monday, August 10th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.24 dividend on an annualized basis and a yield of 2.5%. German American Bancorp’s dividend payout ratio is presently 32.72%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GABC. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 target price (up from $51.00) on shares of German American Bancorp in a report on Thursday, July 30th. Keefe, Bruyette & Woods boosted their price objective on 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. Weiss Ratings raised German American Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Stephens lifted their target price on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, German American Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

Read Our Latest Report on German American Bancorp

German American Bancorp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for German American Bancorp (NASDAQ:GABC)

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