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

Dimensional Fund Advisors LP lifted its stake in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,140,813 shares of the bank's stock after purchasing an additional 8,659 shares during the quarter. Dimensional Fund Advisors LP owned about 3.84% of German American Bancorp worth $45,884,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Franklin Resources Inc. increased its stake in shares of German American Bancorp by 13.0% during the third 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 grew its holdings in German American Bancorp by 138.2% during 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 during the period. First Trust Advisors LP lifted its stake 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 valued at $3,879,000 after purchasing an additional 78,482 shares during the last quarter. Barclays PLC boosted its holdings 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 buying an additional 59,048 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position 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 worth $40,195,000 after buying an additional 44,845 shares during the last quarter. Institutional investors and hedge funds own 46.90% of the company's stock.

Insider Buying and Selling

In other news, Director Diane B. Medley acquired 1,000 shares of German American Bancorp 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 transaction, the director now owns 5,370 shares of the company's stock, valued at $210,557.70. The trade was a 22.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders bought 1,090 shares of company stock valued at $42,697. Company insiders own 6.16% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GABC. Piper Sandler decreased their target price on German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Keefe, Bruyette & Woods raised 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 note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $45.20.

German American Bancorp Stock Down 0.1 %

Shares of German American Bancorp stock traded down $0.04 on Friday, hitting $38.76. 15,819 shares of the company traded hands, compared to its average volume of 107,558. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. German American Bancorp, Inc. has a 12-month low of $31.06 and a 12-month high of $47.08. The company has a 50-day moving average price of $37.20 and a 200 day moving average price of $40.16. The company has a market cap of $1.45 billion, a PE ratio of 13.74 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The bank reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The company had revenue of $81.41 million during the quarter, compared to the consensus estimate of $79.60 million. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. Sell-side analysts predict that German American Bancorp, Inc. will post 3.06 earnings per share 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. Investors of record on Saturday, May 10th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.99%. 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 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.