German American Bancorp Inc. Sells 23,011 Shares of German American Bancorp, Inc. (NASDAQ:GABC)

German American Bancorp Inc. decreased its stake in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 491,007 shares of the bank's stock after selling 23,011 shares during the quarter. German American Bancorp accounts for about 2.1% of German American Bancorp Inc.'s investment portfolio, making the stock its 14th biggest position. German American Bancorp Inc. owned about 1.65% of German American Bancorp worth $19,748,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. increased its stake in German American Bancorp by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 1,748,772 shares of the bank's stock valued at $70,336,000 after acquiring an additional 40,642 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of German American Bancorp by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 999,381 shares of the bank's stock worth $40,195,000 after purchasing an additional 44,845 shares in the last quarter. State Street Corp increased its position in shares of German American Bancorp by 6.9% during the third quarter. State Street Corp now owns 772,675 shares of the bank's stock valued at $29,941,000 after purchasing an additional 50,206 shares during the period. Geode Capital Management LLC raised its stake in shares of German American Bancorp by 1.6% in the third quarter. Geode Capital Management LLC now owns 704,094 shares of the bank's stock valued at $27,289,000 after purchasing an additional 11,386 shares in the last quarter. Finally, Royce & Associates LP lifted its position in German American Bancorp by 138.2% in the fourth quarter. Royce & Associates LP now owns 317,221 shares of the bank's stock worth $12,759,000 after purchasing an additional 184,065 shares during the period. Institutional investors and hedge funds own 46.90% of the company's stock.

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Insider Activity at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley bought 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $39.21 per share, for a total transaction of $39,210.00. Following the completion of the purchase, the director now owns 5,370 shares in the company, valued at $210,557.70. This represents a 22.88 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 1,086 shares of company stock valued at $42,621 in the last three months. Corporate insiders own 6.16% of the company's stock.

German American Bancorp Price Performance

Shares of NASDAQ GABC traded up $0.13 during midday trading on Friday, reaching $34.45. 79,349 shares of the company traded hands, compared to its average volume of 107,951. The stock's 50-day simple moving average is $38.40 and its 200-day simple moving average is $40.45. 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 12 month low of $31.06 and a 12 month high of $47.08. The firm has a market cap of $1.29 billion, a PE ratio of 12.22 and a beta of 0.61.

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

German American Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were given a dividend of $0.29 per share. The ex-dividend date was Monday, February 10th. This is a positive change from German American Bancorp's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.37%. German American Bancorp's dividend payout ratio is 41.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GABC shares. Keefe, Bruyette & Woods boosted their price target on shares of German American Bancorp from $46.00 to $47.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. Piper Sandler lowered their target price on shares of German American Bancorp from $49.00 to $48.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. One investment 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's stock. Based on data from MarketBeat.com, German American Bancorp presently has a consensus rating of "Hold" and a consensus target price of $46.40.

German American Bancorp 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.