Bank of New York Mellon Corp Acquires Shares of 219,969 German American Bancorp, Inc. $GABC

Key Points

• Bank of New York Mellon acquired 219,969 shares of German American Bancorp, valued at approximately $10.44 million, giving it a 0.59% stake. Institutional investors collectively own 46.9% of the company.
• Analyst sentiment remains favorable, with three Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $53.33. Piper Sandler raised its target to $60, while Keefe, Bruyette & Woods increased its target to $51.
• German American Bancorp reported quarterly EPS of $1.02, exceeding estimates of $0.92, and declared a $0.31 quarterly dividend, equivalent to a 2.5% yield. Shares opened at $49.58, near their 52-week high of $52.23.

Bank of New York Mellon Corp bought a new stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 219,969 shares of the bank's stock, valued at approximately $10,440,000. Bank of New York Mellon Corp owned approximately 0.59% of German American Bancorp as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GABC. Vanguard Group Inc. grew its stake in German American Bancorp by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 2,281,704 shares of the bank's stock worth $89,397,000 after buying an additional 90,203 shares during the last quarter. Franklin Resources Inc. increased its holdings in German American Bancorp by 3.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,847,234 shares of the bank's stock valued at $72,541,000 after purchasing an additional 64,338 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in German American Bancorp by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,414,363 shares of the bank's stock valued at $55,415,000 after purchasing an additional 23,644 shares during the last quarter. Dimensional Fund Advisors LP raised its position in German American Bancorp by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,958 shares of the bank's stock valued at $50,982,000 after purchasing an additional 31,627 shares during the last quarter. Finally, German American Bancorp Inc. boosted its stake in German American Bancorp by 1.3% in the first quarter. German American Bancorp Inc. now owns 966,872 shares of the bank's stock worth $40,406,000 after purchasing an additional 12,585 shares in the last quarter. Institutional investors own 46.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GABC. Keefe, Bruyette & Woods increased their target price on German American Bancorp from $47.00 to $51.00 and gave the stock a "market perform" rating in a report on Thursday, July 30th. Wall Street Zen raised German American Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Raymond James Financial began coverage on shares of German American Bancorp in a research report on Wednesday, July 8th. They set a "hold" rating on the stock. Weiss Ratings lowered shares of German American Bancorp from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday. Finally, 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.33.

German American Bancorp Stock Up 1.5%

Shares of GABC opened at $49.58 on Thursday. The business's fifty day moving average price is $49.14 and its two-hundred day moving average price is $45.10. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 13.08 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.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.10. The company had revenue of $98.02 million during the quarter, compared to the consensus estimate of $99.22 million. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%. On average, analysts predict that German American Bancorp, Inc. will post 3.86 earnings per share for the current 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. The ex-dividend date was Monday, August 10th. This represents a $1.24 annualized dividend and a dividend yield of 2.5%. German American Bancorp's payout ratio is currently 32.72%.

About German American Bancorp

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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