Deprince Race & Zollo Inc. Cuts Position in German American Bancorp, Inc. (NASDAQ:GABC)

Deprince Race & Zollo Inc. decreased its position in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 162,448 shares of the bank's stock after selling 7,047 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.55% of German American Bancorp worth $6,534,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its holdings in shares of German American Bancorp by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 1,748,772 shares of the bank's stock valued at $70,336,000 after buying an additional 40,642 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in German American Bancorp by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,140,813 shares of the bank's stock worth $45,884,000 after purchasing an additional 8,659 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in German American Bancorp by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 999,381 shares of the bank's stock valued at $40,195,000 after buying an additional 44,845 shares in the last quarter. Royce & Associates LP increased its position in shares of German American Bancorp by 138.2% in the fourth quarter. Royce & Associates LP now owns 317,221 shares of the bank's stock worth $12,759,000 after acquiring an additional 184,065 shares in the last quarter. Finally, Northern Trust Corp grew its position in German American Bancorp by 5.0% during the 4th quarter. Northern Trust Corp now owns 277,393 shares of the bank's stock worth $11,157,000 after purchasing an additional 13,330 shares in the last quarter. Institutional investors and hedge funds own 46.90% of the company's stock.

Insider Buying and Selling at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley purchased 1,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $39.21 per share, for a total transaction of $39,210.00. Following the purchase, the director now owns 5,370 shares in the company, valued at approximately $210,557.70. This trade represents a 22.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 1,090 shares of company stock valued at $42,697 in the last ninety days. 6.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GABC. Keefe, Bruyette & Woods upped their target price 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. Piper Sandler decreased their target price on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $45.20.

German American Bancorp Stock Performance

NASDAQ GABC traded down $0.07 on Wednesday, reaching $39.64. The stock had a trading volume of 26,731 shares, compared to its average volume of 107,984. German American Bancorp, Inc. has a 1-year low of $31.06 and a 1-year high of $47.08. 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 company has a market cap of $1.48 billion, a P/E ratio of 14.06 and a beta of 0.61. The firm has a fifty day moving average of $37.22 and a two-hundred day moving average of $40.15.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its earnings results on Monday, April 28th. The bank reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $81.41 million for the quarter, compared to analysts' expectations of $79.60 million. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. On average, equities research analysts anticipate that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 9th. This represents a $1.16 dividend on an annualized basis and a yield of 2.93%. German American Bancorp's payout ratio is 46.77%.

About German American Bancorp

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.