1 week Ago By ABMN Staff
Vanguard Group Inc. reduced its position in shares of German American Bancorp, Inc. ( NASDAQ:GABC – Free Report ) by 3.
4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,749,424 shares of the bank’s stock after selling 60,864 shares during the period. Vanguard Group Inc.
owned 0.06% of German American Bancorp worth $70,362,000 as of its most recent SEC filing. A number of other institutional investors also recently modified their holdings of the company.
BNP Paribas Financial Markets raised its position in German American Bancorp by 6.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after purchasing an additional 365 shares during the last quarter.
Quantbot Technologies LP increased its stake in shares of German American Bancorp by 15.2% during 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 period.
Forvis Mazars Wealth Advisors LLC raised its holdings in shares of German American Bancorp by 4.1% during the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 10,371 shares of the bank’s stock valued at $417,000 after acquiring an additional 405 shares in the last quarter.
PNC Financial Services Group Inc. lifted its stake in German American Bancorp by 3.6% in the fourth quarter.
PNC Financial Services Group Inc. now owns 23,625 shares of the bank’s stock worth $950,000 after acquiring an additional 821 shares during the period. Finally, Rhumbline Advisers boosted its holdings in German American Bancorp by 2.
5% in the fourth quarter. Rhumbline Advisers now owns 47,284 shares of the bank’s stock valued at $1,902,000 after acquiring an additional 1,153 shares in the last quarter. 46.
90% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades GABC has been the subject of several research reports. Piper Sandler decreased 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 increased 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock.
According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.40. Insider Buying and Selling at German American Bancorp In related news, Director Diane B.
Medley bought 1,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of $39.21 per share, with a total value of $39,210.
00. Following the completion of the purchase, the director now owns 5,370 shares in the company, valued at approximately $210,557.70.
The trade was a 22.88 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink .
Over the last 90 days, insiders purchased 1,086 shares of company stock worth $42,621. 6.16% of the stock is owned by insiders.
German American Bancorp Stock Down 4.4 % NASDAQ:GABC opened at $34.32 on Friday.
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’s 50-day moving average price is $38.54 and its 200-day moving average price is $40.
46. The company has a market capitalization of $1.28 billion, a PE ratio of 12.
17 and a beta of 0.61. 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 announced its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 earnings per share 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%. On average, equities analysts predict that German American Bancorp, Inc.
will post 3.06 EPS for the current fiscal year. German American Bancorp Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th.
Investors of record on Monday, February 10th were given a dividend of $0.29 per share. This represents a $1.
16 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Monday, February 10th.
This is a positive change from German American Bancorp’s previous quarterly dividend of $0.27. German American Bancorp’s dividend payout ratio (DPR) is 41.
13%. German American Bancorp Company Profile ( 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. Read More Want 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 ). Receive News & Ratings for German American Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
.
