Aptus Capital Advisors LLC Acquires 25,753 Shares of German American Bancorp, Inc. (NASDAQ:GABC)

Aptus Capital Advisors LLC raised its stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 23.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,124 shares of the bank's stock after buying an additional 25,753 shares during the period. Aptus Capital Advisors LLC owned about 0.45% of German American Bancorp worth $5,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. EntryPoint Capital LLC increased its stake in German American Bancorp by 186.2% in the first quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank's stock valued at $71,000 after acquiring an additional 1,339 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in German American Bancorp in the second quarter worth approximately $207,000. SG Americas Securities LLC purchased a new stake in German American Bancorp in the third quarter worth approximately $247,000. Pettinga Financial Advisors LLC boosted its stake in shares of German American Bancorp by 6.5% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank's stock valued at $258,000 after purchasing an additional 443 shares in the last quarter. Finally, Semanteon Capital Management LP bought a new position in shares of German American Bancorp during the 3rd quarter valued at $346,000. Hedge funds and other institutional investors own 46.90% of the company's stock.

German American Bancorp Trading Down 0.6 %

NASDAQ:GABC traded down $0.26 during trading hours on Wednesday, hitting $46.00. The company had a trading volume of 135,619 shares, compared to its average volume of 103,576. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.83. The stock has a 50-day moving average price of $40.11 and a 200 day moving average price of $37.10. The company has a market capitalization of $1.37 billion, a PE ratio of 16.61 and a beta of 0.61. German American Bancorp, Inc. has a 52 week low of $27.23 and a 52 week high of $46.75.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its earnings results on Monday, October 28th. The bank reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.01. German American Bancorp had a net margin of 23.75% and a return on equity of 11.94%. The firm had revenue of $62.40 million for the quarter, compared to analyst estimates of $62.80 million. On average, equities research analysts predict that German American Bancorp, Inc. will post 2.74 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Sunday, November 10th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.35%. German American Bancorp's dividend payout ratio (DPR) is 38.99%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com lowered shares of German American Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday, July 30th. Hovde Group upgraded German American Bancorp from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $41.00 to $48.00 in a research report on Wednesday, October 30th. Piper Sandler raised their target price on shares of German American Bancorp from $34.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Stephens started coverage on shares of German American Bancorp in a research report on Tuesday, October 15th. They set an "overweight" rating and a $45.00 price target for the company. Finally, Raymond James boosted their price objective on shares of German American Bancorp from $40.00 to $44.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $45.25.

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.