Aptus Capital Advisors LLC Increases Stock Position in German American Bancorp, Inc. $GABC

Key Points

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Aptus Capital Advisors LLC lifted its position in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 212,287 shares of the bank's stock after purchasing an additional 23,964 shares during the quarter. Aptus Capital Advisors LLC owned about 0.57% of German American Bancorp worth $7,961,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GABC. Silver Oak Securities Incorporated purchased a new position in German American Bancorp in the first quarter worth $28,000. SouthState Corp bought a new position in shares of German American Bancorp during the first quarter valued at about $28,000. Cubist Systematic Strategies LLC bought a new position in shares of German American Bancorp during the fourth quarter valued at about $35,000. Sterling Capital Management LLC grew 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 buying an additional 813 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of German American Bancorp by 399.5% during 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 during the last quarter. Institutional investors own 46.90% of the company's stock.

Insiders Place Their Bets

In other news, Director Diane B. Medley acquired 882 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average cost of $37.95 per share, for a total transaction of $33,471.90. Following the acquisition, the director directly owned 6,252 shares in the company, valued at approximately $237,263.40. The trade was a 16.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 3,580 shares of company stock valued at $142,096. 6.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

German American Bancorp Stock Up 4.7%

GABC traded up $1.89 on Friday, hitting $41.79. The company had a trading volume of 170,164 shares, compared to its average volume of 108,424. 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 52-week low of $32.75 and a 52-week high of $47.08. The stock has a fifty day simple moving average of $39.43 and a 200-day simple moving average of $38.60. The firm has a market capitalization of $1.57 billion, a P/E ratio of 15.89 and a beta of 0.62.

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

German American Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Sunday, August 10th were paid 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 (DPR) is currently 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.