Jupiter Topco LLC Acquires Shares of 15,347 German American Bancorp, Inc. $GABC

Jupiter Topco LLC acquired a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,347 shares of the bank’s stock, valued at approximately $729,000.

A number of other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of German American Bancorp by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,370 shares of the bank’s stock worth $525,000 after purchasing an additional 371 shares in the last quarter. ProShare Advisors LLC increased its stake in German American Bancorp by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 6,629 shares of the bank’s stock valued at $260,000 after purchasing an additional 426 shares in the last quarter. Pettinga Financial Advisors LLC raised its holdings in German American Bancorp by 4.4% during the fourth quarter. Pettinga Financial Advisors LLC now owns 11,613 shares of the bank’s stock worth $455,000 after buying an additional 492 shares during the last quarter. Glenview Trust Co raised its holdings in German American Bancorp by 10.1% during the fourth quarter. Glenview Trust Co now owns 7,633 shares of the bank’s stock worth $299,000 after buying an additional 700 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in shares of German American Bancorp by 4.3% in the first quarter. Diversified Trust Co now owns 17,164 shares of the bank’s stock valued at $717,000 after buying an additional 700 shares in the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Piper Sandler reissued 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. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods boosted their price objective 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. Raymond James Financial assumed coverage on German American Bancorp in a research note on Wednesday, July 8th. They issued a “hold” rating for the company. Finally, Weiss Ratings downgraded German American Bancorp from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, September 1st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.33.

German American Bancorp Price Performance

Shares of NASDAQ GABC opened at $50.01 on Monday. The business’s fifty day moving average price is $49.25 and its 200-day moving average price is $45.20. German American Bancorp, Inc. has a one year low of $37.19 and a one year high of $52.23. The stock has a market capitalization of $1.88 billion, a PE ratio of 13.20 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.

German American Bancorp (NASDAQ:GABC) 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 for 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%. On average, equities research analysts anticipate that German American Bancorp, Inc. will post 3.86 EPS for the current year.

German American Bancorp Dividend Announcement

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 $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 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.