Dimensional Fund Advisors LP Grows Stake in German American Bancorp, Inc. (NASDAQ:GABC)

Dimensional Fund Advisors LP boosted its position in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,129,575 shares of the bank's stock after purchasing an additional 14,478 shares during the period. Dimensional Fund Advisors LP owned about 3.81% of German American Bancorp worth $39,930,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. EntryPoint Capital LLC increased its position in German American Bancorp by 186.2% in the first quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank's stock worth $71,000 after buying an additional 1,339 shares in the last quarter. LSV Asset Management raised its stake in German American Bancorp by 96.4% during the 1st quarter. LSV Asset Management now owns 7,265 shares of the bank's stock worth $252,000 after acquiring an additional 3,565 shares during the period. Pettinga Financial Advisors LLC lifted its holdings 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 purchasing an additional 443 shares in the last quarter. Virtu Financial LLC bought a new position in shares of German American Bancorp in the fourth quarter worth approximately $251,000. Finally, Diversified Trust Co boosted its position in shares of German American Bancorp by 20.6% in the first quarter. Diversified Trust Co now owns 12,002 shares of the bank's stock worth $416,000 after purchasing an additional 2,050 shares during the period. 46.90% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Thomas W. Seger acquired 3,000 shares of the company's stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $36.80 per share, with a total value of $110,400.00. Following the completion of the purchase, the director now directly owns 484,342 shares of the company's stock, valued at $17,823,785.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Diane B. Medley acquired 710 shares of the firm's stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $36.37 per share, with a total value of $25,822.70. Following the completion of the purchase, the director now directly owns 4,370 shares in the company, valued at $158,936.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas W. Seger bought 3,000 shares of the business's stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $36.80 per share, for a total transaction of $110,400.00. Following the purchase, the director now owns 484,342 shares of the company's stock, valued at approximately $17,823,785.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 4,078 shares of company stock valued at $150,203. 6.16% of the stock is currently owned by insiders.

German American Bancorp Price Performance

Shares of GABC stock traded down $0.94 during trading hours on Tuesday, hitting $37.81. The stock had a trading volume of 45,395 shares, compared to its average volume of 107,357. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.83. German American Bancorp, Inc. has a one year low of $24.85 and a one year high of $42.78. The stock's 50-day moving average price is $38.92 and its two-hundred day moving average price is $35.38. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 13.27 and a beta of 0.62.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its earnings results on Monday, July 29th. The bank reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.08. German American Bancorp had a net margin of 24.44% and a return on equity of 12.97%. The firm had revenue of $64.89 million during the quarter, compared to analyst estimates of $60.20 million. Equities analysts forecast that German American Bancorp, Inc. will post 2.7 EPS for the current year.

German American Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Saturday, August 10th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Friday, August 9th. German American Bancorp's dividend payout ratio (DPR) is 37.89%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GABC shares. Piper Sandler lifted their target price on shares of German American Bancorp from $34.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Raymond James upped their price objective on German American Bancorp from $40.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded German American Bancorp from a "hold" rating to a "sell" rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $40.67.

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.