Bessemer Group Inc. Lowers Holdings in German American Bancorp, Inc. $GABC

Bessemer Group Inc. lessened its position in German American Bancorp, Inc. (NASDAQ:GABC) by 71.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,200 shares of the bank’s stock after selling 15,220 shares during the period. Bessemer Group Inc.’s holdings in German American Bancorp were worth $259,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GABC. AQR Capital Management LLC increased its position in German American Bancorp by 161.6% during the first 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in German American Bancorp by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock worth $635,000 after purchasing an additional 711 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of German American Bancorp by 9.7% in the first 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 buying an additional 4,907 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of German American Bancorp by 26.0% during the 2nd quarter. New York State Common Retirement Fund now owns 12,587 shares of the bank’s stock valued at $485,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in German American Bancorp by 6.5% during the second 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 during the last quarter. 46.90% of the stock is owned by hedge funds and other institutional investors.

German American Bancorp Stock Performance

Shares of GABC opened at $48.43 on Monday. German American Bancorp, Inc. has a 1-year low of $36.56 and a 1-year high of $49.39. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 13.42 and a beta of 0.59. The firm has a 50 day simple moving average of $45.75 and a 200-day simple moving average of $43.37. 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 results on Monday, April 27th. The bank reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.02). German American Bancorp had a return on equity of 11.98% and a net margin of 27.09%.The firm had revenue of $97.43 million for the quarter, compared to analyst estimates of $95.84 million. Equities analysts forecast that German American Bancorp, Inc. will post 3.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GABC shares. Raymond James Financial began coverage on German American Bancorp in a research report on Wednesday, July 8th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods raised their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 13th. Stephens lifted their price target on German American Bancorp from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen cut German American Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.67.

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.