Russell Investments Group Ltd. Has $4.18 Million Stake in German American Bancorp, Inc. (NASDAQ:GABC)

Russell Investments Group Ltd. lessened its position in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,974 shares of the bank's stock after selling 9,279 shares during the period. Russell Investments Group Ltd. owned 0.35% of German American Bancorp worth $4,182,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP increased its stake in shares of German American Bancorp by 15.2% in the fourth quarter. Quantbot Technologies LP now owns 2,952 shares of the bank's stock valued at $119,000 after buying an additional 389 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in German American Bancorp in the 4th quarter valued at approximately $201,000. KLP Kapitalforvaltning AS bought a new position in shares of German American Bancorp during the fourth quarter valued at $217,000. LPL Financial LLC bought a new stake in shares of German American Bancorp in the fourth quarter worth $235,000. Finally, BNP Paribas Financial Markets increased its holdings in German American Bancorp by 6.2% in the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank's stock valued at $241,000 after purchasing an additional 365 shares during the period. 46.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Diane B. Medley acquired 1,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $39.21 per share, with a total value of $39,210.00. Following the transaction, the director now directly owns 5,370 shares of the company's stock, valued at $210,557.70. This trade represents a 22.88 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 1,112 shares of company stock valued at $43,556 over the last ninety days. 6.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on GABC. Piper Sandler reduced their price target on 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. Keefe, Bruyette & Woods upped their target price on German American Bancorp from $46.00 to $47.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $46.40.

German American Bancorp Trading Down 0.8 %

Shares of GABC stock traded down $0.28 during mid-day trading on Monday, hitting $35.34. The company's stock had a trading volume of 114,771 shares, compared to its average volume of 108,643. The company has a market cap of $1.32 billion, a PE ratio of 12.53 and a beta of 0.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. The company's fifty day simple moving average is $37.76 and its 200-day simple moving average is $40.33. German American Bancorp, Inc. has a 52 week low of $31.06 and a 52 week high of $47.08.

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, topping analysts' consensus estimates 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, equities research analysts expect that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Increases Dividend

The business also recently announced 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.28%. 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 payout ratio is presently 41.13%.

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.