German American Bancorp, Inc. (NASDAQ:GABC) Shares Bought by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC boosted its stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 64.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,886 shares of the bank's stock after purchasing an additional 13,276 shares during the period. Valeo Financial Advisors LLC owned about 0.11% of German American Bancorp worth $1,363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of German American Bancorp by 13.0% during the third quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank's stock worth $67,557,000 after buying an additional 196,003 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in German American Bancorp by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 954,536 shares of the bank's stock valued at $36,988,000 after acquiring an additional 32,816 shares during the period. State Street Corp grew its position in German American Bancorp by 6.9% in the 3rd quarter. State Street Corp now owns 772,675 shares of the bank's stock valued at $29,941,000 after acquiring an additional 50,206 shares in the last quarter. Geode Capital Management LLC grew its position in German American Bancorp by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 704,094 shares of the bank's stock valued at $27,289,000 after acquiring an additional 11,386 shares in the last quarter. Finally, German American Bancorp Inc. increased its stake in German American Bancorp by 160.1% during the third quarter. German American Bancorp Inc. now owns 514,018 shares of the bank's stock worth $19,918,000 after purchasing an additional 316,400 shares during the period. Hedge funds and other institutional investors own 46.90% of the company's stock.

German American Bancorp Stock Down 0.5 %

Shares of GABC stock traded down $0.20 on Wednesday, reaching $39.95. 111,071 shares of the stock were exchanged, compared to its average volume of 113,808. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 14.17 and a beta of 0.64. The business's 50 day moving average price is $40.53 and its 200 day moving average price is $40.71. 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 twelve month low of $30.66 and a twelve month high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.09. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.16 dividend on an annualized basis and a yield of 2.90%. This is a boost from German American Bancorp's previous quarterly dividend of $0.27. German American Bancorp's dividend payout ratio (DPR) is presently 41.13%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. 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 report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price target 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. Finally, Hovde Group upgraded German American Bancorp from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $41.00 to $48.00 in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, German American Bancorp presently has an average rating of "Hold" and a consensus price target of $46.40.

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.