Aptus Capital Advisors LLC Raises Holdings in German American Bancorp, Inc. (NASDAQ:GABC)

Aptus Capital Advisors LLC increased its stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 40.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,323 shares of the bank's stock after purchasing an additional 54,199 shares during the quarter. Aptus Capital Advisors LLC owned 0.63% of German American Bancorp worth $7,574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in shares of German American Bancorp by 13.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,708,130 shares of the bank's stock valued at $67,557,000 after acquiring an additional 196,003 shares during the period. Royce & Associates LP increased its stake in German American Bancorp by 138.2% in the 4th quarter. Royce & Associates LP now owns 317,221 shares of the bank's stock valued at $12,759,000 after purchasing an additional 184,065 shares in the last quarter. First Trust Advisors LP raised its holdings in German American Bancorp by 437.1% during the fourth quarter. First Trust Advisors LP now owns 96,438 shares of the bank's stock worth $3,879,000 after purchasing an additional 78,482 shares during the last quarter. Barclays PLC boosted its position in German American Bancorp by 577.6% during the third quarter. Barclays PLC now owns 69,271 shares of the bank's stock worth $2,684,000 after purchasing an additional 59,048 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in German American Bancorp by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 999,381 shares of the bank's stock valued at $40,195,000 after purchasing an additional 44,845 shares during the last quarter. Institutional investors and hedge funds own 46.90% of the company's stock.

Insider Activity at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley purchased 1,000 shares of the stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $39.21 per share, for a total transaction of $39,210.00. Following the acquisition, the director now directly owns 5,370 shares of the company's stock, valued at $210,557.70. This represents a 22.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders acquired 1,090 shares of company stock worth $42,697. 6.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GABC has been the topic of several recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. Piper Sandler lowered their price target on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. One equities research 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. According to MarketBeat.com, German American Bancorp has an average rating of "Hold" and an average price target of $45.20.

German American Bancorp Trading Down 0.3 %

NASDAQ:GABC traded down $0.10 on Friday, reaching $38.70. The stock had a trading volume of 28,275 shares, compared to its average volume of 107,613. German American Bancorp, Inc. has a 12-month low of $31.06 and a 12-month high of $47.08. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 13.72 and a beta of 0.61. The firm's fifty day moving average is $37.20 and its two-hundred day moving average is $40.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $81.41 million for the quarter, compared to the consensus estimate of $79.60 million. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. Equities analysts expect that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Saturday, May 10th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, May 9th. German American Bancorp's dividend payout ratio is currently 46.77%.

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.