German American Bancorp, Inc. (NASDAQ:GABC) Stock Position Boosted by Barclays PLC

Barclays PLC boosted its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 577.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,271 shares of the bank's stock after purchasing an additional 59,048 shares during the quarter. Barclays PLC owned approximately 0.23% of German American Bancorp worth $2,684,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GABC. Bank of New York Mellon Corp raised its holdings in German American Bancorp by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 202,717 shares of the bank's stock valued at $7,166,000 after acquiring an additional 8,028 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of German American Bancorp in the 2nd quarter valued at about $1,034,000. Aptus Capital Advisors LLC lifted its position in shares of German American Bancorp by 24.8% during the second quarter. Aptus Capital Advisors LLC now owns 108,371 shares of the bank's stock worth $3,831,000 after purchasing an additional 21,525 shares during the last quarter. Rhumbline Advisers grew its stake in German American Bancorp by 2.6% in the second quarter. Rhumbline Advisers now owns 47,992 shares of the bank's stock worth $1,697,000 after purchasing an additional 1,214 shares in the last quarter. Finally, LSV Asset Management increased its holdings in German American Bancorp by 303.3% in the second quarter. LSV Asset Management now owns 29,300 shares of the bank's stock valued at $1,036,000 after buying an additional 22,035 shares during the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GABC has been the subject of several research reports. Hovde Group upgraded German American Bancorp from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $41.00 to $48.00 in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price objective on shares of German American Bancorp from $43.00 to $46.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, Stephens started coverage on shares of German American Bancorp in a research note on Tuesday, October 15th. They set an "overweight" rating and a $45.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $45.40.

German American Bancorp Stock Performance

Shares of GABC traded up $0.24 during midday trading on Wednesday, hitting $40.96. 31,016 shares of the stock traded hands, compared to its average volume of 101,859. The business's 50 day moving average price is $43.38 and its two-hundred day moving average price is $39.61. The firm has a market capitalization of $1.22 billion, a PE ratio of 14.79 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. German American Bancorp, Inc. has a 1-year low of $30.26 and a 1-year high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its earnings results on Monday, October 28th. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $62.40 million during the quarter, compared to analysts' expectations of $62.80 million. German American Bancorp had a net margin of 23.75% and a return on equity of 11.94%. Equities research analysts predict that German American Bancorp, Inc. will post 2.76 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Sunday, November 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Friday, November 8th. German American Bancorp's payout ratio is currently 38.99%.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.