BlackRock Inc. Invests $142.16 Million in German American Bancorp, Inc. $GABC

Key Points

• BlackRock acquired a new 7.97% stake in German American Bancorp during the second quarter, purchasing 2.995 million shares valued at approximately $142.2 million. Institutional investors collectively own 46.9% of the company.
• Analyst sentiment is generally positive, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $53.33; recent targets range from $51 to $60.
• German American Bancorp exceeded quarterly earnings expectations, reporting $1.02 in EPS versus $0.92 expected. The bank also pays a quarterly dividend of $0.31 per share, equivalent to a 2.5% annualized yield.

BlackRock Inc. acquired a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,995,249 shares of the bank's stock, valued at approximately $142,155,000. BlackRock Inc. owned 7.97% of German American Bancorp at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in German American Bancorp by 220.7% during 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 period. Quadrant Capital Group LLC purchased a new position in shares of German American Bancorp in the third quarter valued at about $72,000. Tower Research Capital LLC TRC boosted its stake 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 acquiring an additional 2,132 shares during the period. Kestra Advisory Services LLC bought a new position in shares of German American Bancorp in the fourth quarter worth about $130,000. Finally, Fort Point Capital Partners LLC purchased a new stake in shares of German American Bancorp during the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 46.90% of the company's stock.

Analyst Upgrades and Downgrades

GABC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their price target on German American Bancorp from $47.00 to $51.00 and gave the stock a "market perform" rating in a research note on Thursday, July 30th. Piper Sandler reiterated 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. Wall Street Zen raised shares of German American Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Raymond James Financial started coverage on shares of German American Bancorp in a research report on Wednesday, July 8th. They set a "hold" rating for the company. Finally, Weiss Ratings raised shares of German American Bancorp from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.33.

German American Bancorp Price Performance

NASDAQ:GABC opened at $49.92 on Friday. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 13.17 and a beta of 0.58. 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 business has a 50 day simple moving average of $48.94 and a 200-day simple moving average of $44.97. 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 - Get Free Report) last released its earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.10. The firm had revenue of $98.02 million for 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%. Equities analysts forecast that German American Bancorp, Inc. will post 3.86 EPS for the current year.

German American Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders 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 dividend on an annualized basis and a yield of 2.5%. German American Bancorp's payout ratio is 32.72%.

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.

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