Charles Schwab Investment Management Inc. Has $40.20 Million Stock Position in German American Bancorp, Inc. (NASDAQ:GABC)

Charles Schwab Investment Management Inc. boosted its position in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 999,381 shares of the bank's stock after acquiring an additional 44,845 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.37% of German American Bancorp worth $40,195,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GABC. Quantbot Technologies LP bought a new position in shares of German American Bancorp in the 3rd quarter valued at $99,000. BNP Paribas Financial Markets raised its stake in German American Bancorp by 6.2% during the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank's stock worth $241,000 after acquiring an additional 365 shares in the last quarter. Kentucky Trust Co acquired a new position in German American Bancorp during the fourth quarter worth about $362,000. Y Intercept Hong Kong Ltd bought a new position in shares of German American Bancorp in the third quarter worth about $406,000. Finally, Forvis Mazars Wealth Advisors LLC boosted its stake in shares of German American Bancorp by 4.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 10,371 shares of the bank's stock valued at $417,000 after purchasing an additional 405 shares in the last quarter. 46.90% of the stock is currently owned by institutional investors and hedge funds.

German American Bancorp Trading Up 0.5 %

Shares of NASDAQ GABC traded up $0.18 during trading on Wednesday, reaching $39.01. The company had a trading volume of 81,109 shares, compared to its average volume of 98,886. The stock has a market cap of $1.46 billion, a P/E ratio of 13.83 and a beta of 0.60. The company's fifty day moving average price is $39.63 and its 200-day moving average price is $40.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. German American Bancorp, Inc. has a 12 month low of $31.06 and a 12 month high of $47.08.

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German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its earnings results on Monday, February 3rd. The bank reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. As a group, research analysts expect that German American Bancorp, Inc. will post 3.06 earnings per share for the current year.

German American Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from German American Bancorp's previous quarterly dividend of $0.27. German American Bancorp's dividend payout ratio (DPR) is currently 41.13%.

Insider Activity at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley bought 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $39.21 per share, for a total transaction of $39,210.00. Following the transaction, the director now directly owns 5,370 shares in the company, valued at approximately $210,557.70. This trade represents a 22.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 1,086 shares of company stock worth $42,621 over the last quarter. Company insiders own 6.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GABC. Keefe, Bruyette & Woods upped their price objective 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. Piper Sandler dropped their price target on German American Bancorp from $49.00 to $48.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $46.40.

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.