German American Bancorp, Inc. (NASDAQ:GABC) Short Interest Update

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,400,000 shares, an increase of 6.1% from the September 15th total of 1,320,000 shares. Based on an average daily volume of 101,700 shares, the short-interest ratio is presently 13.8 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com downgraded German American Bancorp from a "hold" rating to a "sell" rating in a report on Tuesday, July 30th. Raymond James raised their price objective on German American Bancorp from $40.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Stephens assumed coverage on German American Bancorp in a report on Tuesday. They set an "overweight" rating and a $45.00 price objective on the stock. Finally, Piper Sandler raised their price objective on German American Bancorp from $34.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.75.

Insider Activity

In other German American Bancorp news, Director Diane B. Medley purchased 710 shares of the firm's stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $36.37 per share, for a total transaction of $25,822.70. Following the purchase, the director now owns 4,370 shares in the company, valued at approximately $158,936.90. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other German American Bancorp news, Director Thomas W. Seger purchased 3,000 shares of the firm's stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $36.80 per share, for a total transaction of $110,400.00. Following the purchase, the director now owns 484,342 shares in the company, valued at approximately $17,823,785.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diane B. Medley acquired 710 shares of the business's stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $36.37 per share, for a total transaction of $25,822.70. Following the acquisition, the director now owns 4,370 shares in the company, valued at $158,936.90. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 3,732 shares of company stock worth $137,119. Insiders own 6.16% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC raised its position in shares of German American Bancorp by 186.2% in the 1st quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank's stock worth $71,000 after acquiring an additional 1,339 shares in the last quarter. Renaissance Technologies LLC bought a new stake in German American Bancorp in the 2nd quarter valued at about $207,000. SG Americas Securities LLC bought a new stake in German American Bancorp in the 3rd quarter valued at about $247,000. Virtu Financial LLC bought a new stake in German American Bancorp in the 4th quarter valued at about $251,000. Finally, LSV Asset Management increased its position in German American Bancorp by 96.4% in the 1st quarter. LSV Asset Management now owns 7,265 shares of the bank's stock valued at $252,000 after buying an additional 3,565 shares in the last quarter. 46.90% of the stock is owned by institutional investors.

German American Bancorp Trading Up 0.4 %

GABC traded up $0.17 during midday trading on Thursday, hitting $41.13. 111,521 shares of the company were exchanged, compared to its average volume of 105,259. The firm has a market capitalization of $1.22 billion, a P/E ratio of 14.43 and a beta of 0.61. German American Bancorp has a 1-year low of $24.85 and a 1-year high of $42.78. The firm's 50 day moving average price is $38.92 and its 200-day moving average price is $35.84. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.24.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its earnings results on Monday, July 29th. The bank reported $0.69 EPS for the quarter, topping the consensus estimate of $0.61 by $0.08. The firm had revenue of $64.89 million for the quarter, compared to the consensus estimate of $60.20 million. German American Bancorp had a return on equity of 12.97% and a net margin of 24.44%. As a group, equities analysts forecast that German American Bancorp will post 2.7 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Saturday, August 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, August 9th. German American Bancorp's dividend payout ratio (DPR) is presently 37.89%.

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.