German American Bancorp, Inc. (NASDAQ:GABC) Shares Purchased by Royce & Associates LP

Royce & Associates LP grew its position in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 43.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,156 shares of the bank's stock after purchasing an additional 40,219 shares during the period. Royce & Associates LP owned approximately 0.45% of German American Bancorp worth $5,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GABC. Kennedy Capital Management LLC acquired a new position in shares of German American Bancorp in the 1st quarter valued at about $6,828,000. Mutual of America Capital Management LLC acquired a new position in shares of German American Bancorp in the 2nd quarter valued at about $5,887,000. Hantz Financial Services Inc. acquired a new position in shares of German American Bancorp in the 2nd quarter valued at about $1,034,000. Aptus Capital Advisors LLC lifted its stake in shares of German American Bancorp by 23.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 134,124 shares of the bank's stock valued at $5,197,000 after purchasing an additional 25,753 shares in the last quarter. Finally, LSV Asset Management lifted its stake in shares of German American Bancorp by 303.3% in the 2nd quarter. LSV Asset Management now owns 29,300 shares of the bank's stock valued at $1,036,000 after purchasing an additional 22,035 shares in the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

German American Bancorp Stock Down 0.6 %

GABC stock traded down $0.28 during midday trading on Tuesday, hitting $45.15. 72,384 shares of the company's stock were exchanged, compared to its average volume of 103,441. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. German American Bancorp, Inc. has a 12-month low of $27.23 and a 12-month high of $46.75. The firm has a 50 day moving average price of $40.66 and a 200-day moving average price of $37.52. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 16.30 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 (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. The company had revenue of $62.40 million for the quarter, compared to the consensus estimate of $62.80 million. On average, analysts anticipate that German American Bancorp, Inc. will post 2.74 EPS for the current year.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.39%. German American Bancorp's dividend payout ratio (DPR) is 38.99%.

Analyst Ratings Changes

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

About German American Bancorp

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.