Dimensional Fund Advisors LP Acquires 8,659 Shares of German American Bancorp, Inc. (NASDAQ:GABC)

Dimensional Fund Advisors LP raised its holdings in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,140,813 shares of the bank's stock after acquiring an additional 8,659 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.84% of German American Bancorp worth $45,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Trust Advisors LP grew its holdings in shares of German American Bancorp by 437.1% in 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 increased its position in shares of German American Bancorp by 7.6% during the fourth quarter. Barclays PLC now owns 74,529 shares of the bank's stock worth $2,998,000 after acquiring an additional 5,258 shares during the period. Timucuan Asset Management Inc. FL bought a new stake in shares of German American Bancorp during the fourth quarter valued at approximately $603,000. Sterling Capital Management LLC raised its stake in shares of German American Bancorp by 821.2% during the fourth quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock valued at $37,000 after acquiring an additional 813 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of German American Bancorp by 5.6% in the fourth quarter. Invesco Ltd. now owns 58,256 shares of the bank's stock valued at $2,343,000 after purchasing an additional 3,072 shares during the period. Hedge funds and other institutional investors own 46.90% of the company's stock.

Insider Transactions at German American Bancorp

In other news, Director Diane B. Medley acquired 1,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $39.21 per share, with a total value of $39,210.00. Following the completion of the acquisition, the director now owns 5,370 shares of the company's stock, valued at approximately $210,557.70. This trade represents a 22.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders purchased 1,090 shares of company stock worth $42,697. Company insiders own 6.16% of the company's stock.

German American Bancorp Stock Up 2.5 %

Shares of German American Bancorp stock opened at $38.85 on Friday. 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 company has a market cap of $1.45 billion, a P/E ratio of 13.78 and a beta of 0.61. The firm's 50 day moving average price is $37.29 and its 200-day moving average price is $40.21. German American Bancorp, Inc. has a 52-week low of $31.06 and a 52-week high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued 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 analyst estimates of $79.60 million. On average, sell-side analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The business also recently declared 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 of this dividend is Friday, May 9th. This represents a $1.16 dividend on an annualized basis and a yield of 2.99%. German American Bancorp's payout ratio is 46.77%.

Analyst Ratings Changes

Several equities research analysts have weighed in on GABC shares. Keefe, Bruyette & Woods upped their target price on German American Bancorp from $46.00 to $47.00 and gave the stock a "market perform" rating in a 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 for the company in a research report on Thursday. One 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $45.20.

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.

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