German American Bancorp, Inc. (NASDAQ:GABC) Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company trimmed its stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 25.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 364,222 shares of the bank's stock after selling 127,586 shares during the period. German American Bancorp makes up about 3.8% of L.M. Kohn & Company's portfolio, making the stock its 4th biggest position. L.M. Kohn & Company owned about 1.23% of German American Bancorp worth $14,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of German American Bancorp during the 3rd quarter worth approximately $247,000. Creative Planning lifted its stake in shares of German American Bancorp by 42.2% during the 3rd quarter. Creative Planning now owns 16,321 shares of the bank's stock worth $632,000 after acquiring an additional 4,840 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of German American Bancorp by 12.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,090 shares of the bank's stock worth $692,000 after acquiring an additional 1,986 shares during the last quarter. Semanteon Capital Management LP bought a new stake in shares of German American Bancorp during the 3rd quarter worth approximately $346,000. Finally, Rosenthal Henry Capital Advisors Inc. lifted its stake in shares of German American Bancorp by 2.1% during the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 62,415 shares of the bank's stock worth $2,419,000 after acquiring an additional 1,290 shares during the last quarter. 46.90% of the stock is owned by institutional investors.

German American Bancorp Stock Down 0.3 %

Shares of NASDAQ:GABC traded down $0.13 on Thursday, reaching $39.82. The company had a trading volume of 121,107 shares, compared to its average volume of 114,055. German American Bancorp, Inc. has a 52-week low of $30.66 and a 52-week high of $47.08. The firm's 50 day simple moving average is $40.34 and its 200-day simple moving average is $40.70. The firm has a market capitalization of $1.18 billion, a PE ratio of 14.12 and a beta of 0.64. 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 announced its earnings results on Monday, February 3rd. The bank reported $0.78 earnings per share for the quarter, topping 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, 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 company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.91%. The ex-dividend date is 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%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Hovde Group raised German American Bancorp from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $41.00 to $48.00 in a research note on Wednesday, October 30th. Piper Sandler decreased their target price on German American Bancorp from $49.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods lifted their target price on German American Bancorp from $46.00 to $47.00 and gave the company a "market perform" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.