German American Bancorp Inc. Has $19.92 Million Stock Position in German American Bancorp, Inc. (NASDAQ:GABC)

German American Bancorp Inc. raised its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 160.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 514,018 shares of the bank's stock after buying an additional 316,400 shares during the quarter. German American Bancorp comprises 2.1% of German American Bancorp Inc.'s investment portfolio, making the stock its 14th largest holding. German American Bancorp Inc. owned approximately 1.73% of German American Bancorp worth $19,918,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pettinga Financial Advisors LLC increased its stake in German American Bancorp by 6.5% during the second quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank's stock valued at $258,000 after acquiring an additional 443 shares during the period. Chatham Capital Group Inc. lifted its position in German American Bancorp by 1.7% in the second quarter. Chatham Capital Group Inc. now owns 50,316 shares of the bank's stock worth $1,779,000 after purchasing an additional 840 shares during the period. Valeo Financial Advisors LLC increased its holdings in German American Bancorp by 5.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 20,610 shares of the bank's stock valued at $799,000 after buying an additional 1,097 shares during the period. Rhumbline Advisers raised its stake in shares of German American Bancorp by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 47,992 shares of the bank's stock valued at $1,697,000 after buying an additional 1,214 shares in the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. lifted its holdings 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 period. 46.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

German American Bancorp Price Performance

Shares of NASDAQ:GABC traded up $0.14 during midday trading on Thursday, reaching $45.08. The company's stock had a trading volume of 79,039 shares, compared to its average volume of 103,163. The business's fifty day simple moving average is $40.80 and its 200-day simple moving average is $37.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. German American Bancorp, Inc. has a fifty-two week low of $27.23 and a fifty-two week high of $46.75. The company has a market capitalization of $1.34 billion, a P/E ratio of 16.22 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.71 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $62.80 million. As a group, equities research analysts expect that German American Bancorp, Inc. will post 2.74 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Sunday, November 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Friday, November 8th. German American Bancorp's dividend payout ratio is 38.99%.

German American Bancorp Company 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.