Royce & Associates LP Has $12.76 Million Stock Position in German American Bancorp, Inc. (NASDAQ:GABC)

Royce & Associates LP boosted its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 138.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,221 shares of the bank's stock after purchasing an additional 184,065 shares during the period. Royce & Associates LP owned about 1.07% of German American Bancorp worth $12,759,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. German American Bancorp Inc. raised its position in German American Bancorp by 160.1% in the 3rd quarter. German American Bancorp Inc. now owns 514,018 shares of the bank's stock valued at $19,918,000 after purchasing an additional 316,400 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of German American Bancorp by 13.0% in the third quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank's stock valued at $67,557,000 after buying an additional 196,003 shares during the last quarter. Barclays PLC lifted its position in German American Bancorp by 577.6% during the 3rd quarter. Barclays PLC now owns 69,271 shares of the bank's stock worth $2,684,000 after buying an additional 59,048 shares in the last quarter. State Street Corp lifted its position in German American Bancorp by 6.9% during the 3rd quarter. State Street Corp now owns 772,675 shares of the bank's stock worth $29,941,000 after buying an additional 50,206 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in German American Bancorp by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 999,381 shares of the bank's stock worth $40,195,000 after acquiring an additional 44,845 shares during the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 29th. Piper Sandler dropped their price objective on shares of German American Bancorp from $49.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $46.40.

German American Bancorp Trading Down 0.4 %

Shares of German American Bancorp stock traded down $0.14 during trading on Friday, hitting $38.20. 722,226 shares of the company were exchanged, compared to its average volume of 102,116. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $1.43 billion, a P/E ratio of 13.55 and a beta of 0.60. The firm's fifty day moving average price is $39.65 and its 200 day moving average price is $40.77. German American Bancorp, Inc. has a 1-year low of $31.06 and a 1-year high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its earnings results on Monday, February 3rd. The bank reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. As a group, sell-side analysts expect that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.04%. This is a boost from German American Bancorp's previous quarterly dividend of $0.27. The ex-dividend date was Monday, February 10th. German American Bancorp's payout ratio is presently 41.13%.

Insiders Place Their Bets

In related news, Director Diane B. Medley acquired 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $39.21 per share, with a total value of $39,210.00. Following the completion of the transaction, the director now directly 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 acquired 1,086 shares of company stock worth $42,621 over the last ninety days. 6.16% of the stock is currently owned by corporate insiders.

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.