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

Deprince Race & Zollo Inc. lessened its position in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of German American Bancorp in the fourth quarter valued at about $35,000. Sterling Capital Management LLC grew its stake in shares of German American Bancorp by 821.2% in the fourth quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock valued at $37,000 after buying an additional 813 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of 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 buying an additional 775 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in German American Bancorp during the 4th quarter valued at approximately $201,000. Hedge funds and other institutional investors own 46.90% of the company's stock.

German American Bancorp Stock Performance

NASDAQ:GABC traded up $0.10 during trading hours on Tuesday, reaching $39.71. 117,216 shares of the stock were exchanged, compared to its average volume of 108,131. 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 has a 50 day simple moving average of $37.21 and a 200-day simple moving average of $40.16. German American Bancorp, Inc. has a 52 week low of $31.06 and a 52 week high of $47.08. The stock has a market capitalization of $1.49 billion, a P/E ratio of 14.08 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its earnings results on Monday, April 28th. The bank reported $0.79 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $81.41 million for the quarter, compared to the consensus estimate of $79.60 million. As a group, sell-side analysts forecast that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Friday, May 9th. German American Bancorp's dividend payout ratio is presently 46.77%.

Insiders Place Their Bets

In other news, Director Diane B. Medley bought 1,000 shares of German American Bancorp stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $39.21 per share, with a total value of $39,210.00. Following the acquisition, the director now directly owns 5,370 shares in the company, valued at approximately $210,557.70. This represents a 22.88% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 1,090 shares of company stock valued at $42,697 in the last quarter. Insiders own 6.16% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GABC shares. Piper Sandler lowered their price objective on 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. Keefe, Bruyette & Woods raised their price objective on German American Bancorp from $46.00 to $47.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th. One 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, German American Bancorp currently has a consensus rating of "Hold" and an average target price of $45.20.

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.