Timucuan Asset Management Inc. FL Acquires Shares of 15,000 German American Bancorp, Inc. (NASDAQ:GABC)

Timucuan Asset Management Inc. FL acquired a new stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,000 shares of the bank's stock, valued at approximately $603,000. German American Bancorp makes up approximately 0.0% of Timucuan Asset Management Inc. FL's investment portfolio, making the stock its 25th biggest holding. Timucuan Asset Management Inc. FL owned 0.05% of German American Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in German American Bancorp by 821.2% during the fourth quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock worth $37,000 after purchasing an additional 813 shares during the period. Quantbot Technologies LP lifted its stake in shares of German American Bancorp by 15.2% in the 4th quarter. Quantbot Technologies LP now owns 2,952 shares of the bank's stock valued at $119,000 after purchasing an additional 389 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of German American Bancorp during the 4th quarter worth about $201,000. KLP Kapitalforvaltning AS purchased a new position in German American Bancorp in the fourth quarter valued at approximately $217,000. Finally, LPL Financial LLC acquired a new position in German American Bancorp during the fourth quarter valued at approximately $235,000. Institutional investors and hedge funds own 46.90% of the company's stock.

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German American Bancorp Price Performance

Shares of NASDAQ:GABC traded up $0.04 during trading hours on Wednesday, hitting $35.33. 33,820 shares of the company's stock traded hands, compared to its average volume of 107,972. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. The company's fifty day simple moving average is $38.15 and its two-hundred day simple moving average is $40.38. German American Bancorp, Inc. has a 52 week low of $31.06 and a 52 week high of $47.08. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 12.53 and a beta of 0.61.

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 (EPS) for the quarter, topping analysts' consensus estimates 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, equities analysts anticipate that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.28%. This is a boost from German American Bancorp's previous quarterly dividend of $0.27. German American Bancorp's dividend payout ratio is presently 41.13%.

Insider Buying and Selling at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley acquired 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was acquired 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. This trade represents a 22.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 1,086 shares of company stock worth $42,621 over the last 90 days. Insiders own 6.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GABC shares. Keefe, Bruyette & Woods increased their target price on German American Bancorp from $46.00 to $47.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th. Piper Sandler decreased their target price on shares of German American Bancorp from $49.00 to $48.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, German American Bancorp currently has an average rating of "Hold" and a consensus price target of $46.40.

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.