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

Aptus Capital Advisors LLC boosted its holdings in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 40.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 188,323 shares of the bank's stock after buying an additional 54,199 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.63% of German American Bancorp worth $7,574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sterling Capital Management LLC increased its holdings in shares of German American Bancorp by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock valued at $37,000 after acquiring an additional 813 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in German American Bancorp by 399.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank's stock valued at $39,000 after purchasing an additional 775 shares during the last quarter. Quantbot Technologies LP raised its holdings in German American Bancorp by 15.2% during the fourth quarter. Quantbot Technologies LP now owns 2,952 shares of the bank's stock worth $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 approximately $201,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of German American Bancorp in the 4th quarter valued at $217,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

German American Bancorp Price Performance

Shares of NASDAQ:GABC opened at $38.85 on Friday. German American Bancorp, Inc. has a one year low of $31.06 and a one year high of $47.08. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.78 and a beta of 0.61. The company has a 50-day simple moving average of $37.29 and a 200-day simple moving average of $40.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81.

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

German American Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Saturday, May 10th will be given a $0.29 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.16 dividend on an annualized basis and a yield of 2.99%. German American Bancorp's dividend payout ratio (DPR) is 46.77%.

Insider Buying and Selling at German American Bancorp

In other news, Director Diane B. Medley bought 1,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $39.21 per share, with a total value of $39,210.00. Following the completion of the acquisition, the director now directly owns 5,370 shares in the company, valued at approximately $210,557.70. The trade was a 22.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have bought 1,090 shares of company stock valued at $42,697. 6.16% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GABC shares. Keefe, Bruyette & Woods boosted their price target on shares of German American Bancorp from $46.00 to $47.00 and gave the company a "market perform" rating in a research report on Wednesday, January 29th. Piper Sandler decreased their target price on German American Bancorp from $44.00 to $42.00 and set a "neutral" rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $45.20.

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.

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