JPMorgan Chase & Co. Has $960,000 Stock Position in German American Bancorp, Inc. (NASDAQ:GABC)

JPMorgan Chase & Co. cut its holdings in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 60.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,873 shares of the bank's stock after selling 36,977 shares during the quarter. JPMorgan Chase & Co. owned 0.08% of German American Bancorp worth $960,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its stake in shares of German American Bancorp by 577.6% in the 3rd quarter. Barclays PLC now owns 69,271 shares of the bank's stock valued at $2,684,000 after buying an additional 59,048 shares during the period. Franklin Resources Inc. boosted its holdings in German American Bancorp by 13.0% in the third quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank's stock worth $67,557,000 after acquiring an additional 196,003 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in German American Bancorp in the third quarter valued at approximately $597,000. Ellsworth Advisors LLC bought a new stake in shares of German American Bancorp during the fourth quarter valued at approximately $577,000. Finally, SG Americas Securities LLC raised its position in shares of German American Bancorp by 84.4% during the fourth quarter. SG Americas Securities LLC now owns 11,747 shares of the bank's stock worth $472,000 after purchasing an additional 5,377 shares during the period. Institutional investors and hedge funds own 46.90% of the company's stock.

German American Bancorp Price Performance

Shares of NASDAQ:GABC opened at $36.52 on Monday. The company has a 50 day moving average of $37.47 and a 200 day moving average of $40.29. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.37 billion, a P/E ratio of 12.95 and a beta of 0.61. German American Bancorp, Inc. has a 12 month low of $31.06 and a 12 month high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released 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, sell-side analysts forecast that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

Insider Activity at German American Bancorp

In other news, Director Diane B. Medley bought 1,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $39.21 per share, with a total value of $39,210.00. Following the transaction, the director now owns 5,370 shares of the company's stock, valued at approximately $210,557.70. The trade was a 22.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 1,090 shares of company stock worth $42,697 over the last quarter. Corporate insiders own 6.16% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of German American Bancorp from $46.00 to $47.00 and gave the stock 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 report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $46.40.

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.

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