The Manufacturers Life Insurance Company Makes New Investment in German American Bancorp, Inc. $GABC

Key Points

• The Manufacturers Life Insurance Company acquired 302,663 shares of German American Bancorp in the second quarter, worth approximately $14.4 million and representing about 0.81% of the company. Institutional investors collectively own 46.9% of GABC.
• German American Bancorp exceeded quarterly earnings expectations, reporting $1.02 EPS versus the $0.92 consensus estimate, while revenue reached $98.02 million. The company maintains a quarterly dividend of $0.31 per share, yielding approximately 2.5% annually.
• Analyst sentiment is generally favorable, with the stock holding a “Moderate Buy” consensus rating and an average price target of $53.33; Piper Sandler raised its target to $60.00.

The Manufacturers Life Insurance Company acquired a new stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 302,663 shares of the bank's stock, valued at approximately $14,364,000. The Manufacturers Life Insurance Company owned about 0.81% of German American Bancorp as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of German American Bancorp in the second quarter valued at approximately $142,155,000. Vanguard Group Inc. increased its position in shares of German American Bancorp by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 2,281,704 shares of the bank's stock valued at $89,397,000 after acquiring an additional 90,203 shares during the last quarter. Franklin Resources Inc. lifted its holdings in German American Bancorp by 3.6% during the third quarter. Franklin Resources Inc. now owns 1,847,234 shares of the bank's stock worth $72,541,000 after acquiring an additional 64,338 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in German American Bancorp by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,414,363 shares of the bank's stock worth $55,415,000 after acquiring an additional 23,644 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in German American Bancorp by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,219,958 shares of the bank's stock worth $50,982,000 after purchasing an additional 31,627 shares during the last quarter. Institutional investors own 46.90% of the company's stock.

German American Bancorp Stock Performance

Shares of GABC opened at $49.92 on Friday. German American Bancorp, Inc. has a 1 year low of $37.19 and a 1 year high of $52.23. 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 stock's fifty day moving average price is $48.94 and its two-hundred day moving average price is $44.97. The firm has a market cap of $1.88 billion, a PE ratio of 13.17 and a beta of 0.58.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, topping 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 company had revenue of $98.02 million during the quarter, compared to the consensus estimate of $99.22 million. On average, equities research analysts forecast that German American Bancorp, Inc. will post 3.86 EPS for the current year.

German American Bancorp Announces Dividend

The firm also recently announced 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. This represents a $1.24 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, August 10th. German American Bancorp's dividend payout ratio (DPR) is currently 32.72%.

Analysts Set New Price Targets

GABC has been the subject of several research analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $60.00 target price (up from $51.00) on shares of German American Bancorp in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of German American Bancorp from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, August 13th. Raymond James Financial initiated coverage on shares of German American Bancorp in a report on Wednesday, July 8th. They set a "hold" rating for the company. Wall Street Zen raised shares of German American Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Keefe, Bruyette & Woods increased their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.

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