Meeder Advisory Services Inc. Purchases New Shares in German American Bancorp, Inc. $GABC

Meeder Advisory Services Inc. acquired a new position in German American Bancorp, Inc. (NASDAQ:GABC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,750 shares of the bank’s stock, valued at approximately $605,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GABC. AQR Capital Management LLC lifted its position in German American Bancorp by 161.6% during the 1st quarter. AQR Capital Management LLC now owns 50,971 shares of the bank’s stock valued at $1,911,000 after acquiring an additional 31,486 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of German American Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock valued at $635,000 after purchasing an additional 711 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of German American Bancorp by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank’s stock worth $2,076,000 after purchasing an additional 4,907 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of German American Bancorp by 26.0% in the 2nd quarter. New York State Common Retirement Fund now owns 12,587 shares of the bank’s stock worth $485,000 after buying an additional 2,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in German American Bancorp by 6.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 23,630 shares of the bank’s stock valued at $910,000 after buying an additional 1,442 shares in the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GABC. Piper Sandler reissued 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. Stephens lifted their price target on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Raymond James Financial started coverage on shares of German American Bancorp in a research note on Wednesday, July 8th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods increased their price objective 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. Finally, Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.33.

German American Bancorp Stock Performance

Shares of GABC stock opened at $49.94 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $48.38 and a 200-day moving average price of $44.72. German American Bancorp, Inc. has a 52 week low of $37.19 and a 52 week high of $52.23. The firm has a market capitalization of $1.88 billion, a PE ratio of 13.18 and a beta of 0.58.

German American Bancorp (NASDAQ:GABC) last posted its earnings results on Monday, July 27th. The bank reported $1.02 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that German American Bancorp, Inc. will post 3.86 earnings per share for the current year.

German American Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were issued a $0.31 dividend. The ex-dividend date of this dividend 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 presently 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.