CFC Planning Co LLC Makes New $761,000 Investment in German American Bancorp, Inc. (NASDAQ:GABC)

CFC Planning Co LLC acquired a new stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,931 shares of the bank's stock, valued at approximately $761,000. CFC Planning Co LLC owned 0.06% of German American Bancorp at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. German American Bancorp Inc. boosted its stake in German American Bancorp by 160.1% during the third quarter. German American Bancorp Inc. now owns 514,018 shares of the bank's stock worth $19,918,000 after buying an additional 316,400 shares during the period. Franklin Resources Inc. boosted its stake in German American Bancorp by 13.0% during the third quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank's stock worth $67,557,000 after buying an additional 196,003 shares during the period. Barclays PLC boosted its stake in German American Bancorp by 577.6% during the third quarter. Barclays PLC now owns 69,271 shares of the bank's stock worth $2,684,000 after buying an additional 59,048 shares during the period. State Street Corp boosted its stake in German American Bancorp by 6.9% during the third quarter. State Street Corp now owns 772,675 shares of the bank's stock worth $29,941,000 after buying an additional 50,206 shares during the period. Finally, Royce & Associates LP boosted its stake in German American Bancorp by 43.3% during the third quarter. Royce & Associates LP now owns 133,156 shares of the bank's stock worth $5,160,000 after buying an additional 40,219 shares during the period. Hedge funds and other institutional investors own 46.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GABC. Hovde Group raised shares of German American Bancorp from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $41.00 to $48.00 in a research note on Wednesday, October 30th. Piper Sandler reduced their price target on shares of German American Bancorp from $49.00 to $48.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods increased their price target 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, January 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $46.40.

German American Bancorp Stock Down 0.4 %

NASDAQ:GABC traded down $0.18 during mid-day trading on Tuesday, hitting $40.15. The stock had a trading volume of 108,418 shares, compared to its average volume of 113,897. The stock has a 50-day simple moving average of $40.53 and a two-hundred day simple moving average of $40.71. The company has a market capitalization of $1.19 billion, a PE ratio of 14.24 and a beta of 0.64. German American Bancorp, Inc. has a twelve month low of $30.66 and a twelve month high of $47.08. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its earnings results on Monday, February 3rd. The bank reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.09. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. On average, equities research analysts anticipate that German American Bancorp, Inc. will post 2.95 EPS for the current year.

German American Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 10th will be issued a $0.29 dividend. This is a boost from German American Bancorp's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.16 annualized dividend and a yield of 2.89%. German American Bancorp's dividend payout ratio (DPR) is 38.30%.

About German American Bancorp

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.