German American Bancorp, Inc. $GABC Shares Acquired by Aptus Capital Advisors LLC

Key Points

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Aptus Capital Advisors LLC lifted its stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 12.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 212,287 shares of the bank's stock after buying an additional 23,964 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.57% of German American Bancorp worth $7,961,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GABC. Raymond James Financial Inc. purchased a new stake in shares of German American Bancorp in the first quarter worth about $19,336,000. Vanguard Group Inc. boosted its stake in shares of German American Bancorp by 20.4% in the first quarter. Vanguard Group Inc. now owns 2,106,784 shares of the bank's stock worth $79,004,000 after buying an additional 357,360 shares during the last quarter. MGO One Seven LLC purchased a new stake in shares of German American Bancorp in the first quarter worth about $6,988,000. Strategic Value Bank Partners LLC purchased a new stake in shares of German American Bancorp in the first quarter worth about $6,145,000. Finally, L.M. Kohn & Company boosted its stake in shares of German American Bancorp by 34.7% in the first quarter. L.M. Kohn & Company now owns 490,458 shares of the bank's stock worth $18,392,000 after buying an additional 126,236 shares during the last quarter. Hedge funds and other institutional investors own 46.90% of the company's stock.

Insider Activity at German American Bancorp

In other news, Director Diane B. Medley bought 882 shares of German American Bancorp stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $37.95 per share, with a total value of $33,471.90. Following the completion of the acquisition, the director directly owned 6,252 shares of the company's stock, valued at $237,263.40. The trade was a 16.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 3,580 shares of company stock worth $142,096 over the last ninety days. 4.59% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded German American Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Piper Sandler increased their price target on German American Bancorp from $42.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.00.

German American Bancorp Price Performance

GABC stock traded up $1.89 during mid-day trading on Friday, reaching $41.79. 170,164 shares of the company's stock were exchanged, compared to its average volume of 110,811. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 15.89 and a beta of 0.62. The stock's 50 day moving average is $39.43 and its 200 day moving average is $38.57. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.86. German American Bancorp, Inc. has a 12-month low of $32.75 and a 12-month high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its earnings results on Monday, July 28th. The bank reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. German American Bancorp had a return on equity of 11.59% and a net margin of 20.84%.The business had revenue of $91.16 million during the quarter, compared to analysts' expectations of $91.93 million. On average, research analysts expect that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Sunday, August 10th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.8%. German American Bancorp's dividend payout ratio is presently 44.11%.

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.