1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in German American Bancorp, Inc. (NASDAQ:GABC – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,400 shares of the bank’s stock, valued at approximately $217,000.
A number of other hedge funds have also modified their holdings of the business. Quantbot Technologies LP lifted its position in German American Bancorp by 15.2% in the fourth quarter.
Quantbot Technologies LP now owns 2,952 shares of the bank’s stock valued at $119,000 after buying an additional 389 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of German American Bancorp by 6.2% in the 3rd quarter.
BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after acquiring an additional 365 shares during the period. AlphaQuest LLC acquired a new position in shares of German American Bancorp in the 4th quarter worth approximately $318,000. Kentucky Trust Co acquired a new position in shares of German American Bancorp in the 4th quarter worth approximately $362,000.
Finally, Symmetry Partners LLC purchased a new position in shares of German American Bancorp during the 4th quarter worth approximately $390,000. 46.90% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at German American BancorpIn related news, Director Diane B. Medley acquired 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $39.
21 per share, with a total value of $39,210.00. Following the completion of the transaction, the director now owns 5,370 shares in the company, valued at $210,557.
70. This represents a 22.88 % increase in their position.
The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased 1,086 shares of company stock valued at $42,621 in the last quarter. Corporate insiders own 6.
16% of the company’s stock. German American Bancorp Price PerformanceShares of GABC opened at $34.72 on Tuesday.
The company has a market cap of $1.30 billion, a P/E ratio of 12.31 and a beta of 0.
61. German American Bancorp, Inc. has a fifty-two week low of $31.
06 and a fifty-two week high of $47.08. The company has a quick ratio of 0.
81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27.
The firm’s 50 day moving average price is $39.17 and its 200 day moving average price is $40.62.
German American Bancorp (NASDAQ:GABC – Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The bank reported $0.78 EPS for the quarter, topping 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%. On average, research analysts forecast that German American Bancorp, Inc.
will post 3.06 earnings per share for the current fiscal year. German American Bancorp Increases DividendThe business also recently declared a quarterly dividend, which was paid on Thursday, February 20th.
Shareholders of record on Monday, February 10th were issued a dividend of $0.29 per share. This is an increase from German American Bancorp’s previous quarterly dividend of $0.
27. The ex-dividend date was Monday, February 10th. This represents a $1.
16 annualized dividend and a yield of 3.34%. German American Bancorp’s dividend payout ratio is 41.
13%. Wall Street Analysts Forecast GrowthA number of brokerages have issued reports on GABC. Piper Sandler cut their target price on German American Bancorp from $49.
00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price objective on German American Bancorp from $46.
00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company.
According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.40.
View Our Latest Analysis on German American BancorpAbout German American Bancorp (Free Report)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.
See AlsoFive stocks we like better than German American BancorpWhat is the Shanghai Stock Exchange Composite Index?Options Activity Points to More Volatility for Palantir StockBest of the list of Dividend Aristocrats: Build wealth with the aristocrat indexNVIDIA Stock: Oversold, Undervalued — How Low Can It Go?Bank Stocks – Best Bank Stocks to Invest InMicroStrategy Sees Insider Buy-Sell Action in Q1Want to see what other hedge funds are holding GABC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for German American Bancorp, Inc. (NASDAQ:GABC – Free Report).
.
